With the expansion of globalization, international trade has played an increasingly significant role, especially for developing countries. As the largest developing country, China has made a lot of efforts to integrate to the global market since its Open and Reform Policy in 1978 and has become the second largest economy in world. So what is the effect of China's trade-oriented strategy for the country and the world? How did it improve the country's economic development? These are some critical questions this book discusses.
This book utilizes classic Western economic models to examine how China's openness policies have affected the manufacturing upgrading and economic development of the country. A large amount of micro-level empirical evidence is added to support the conclusion.
Scholars and students in economics and business will benefit from this book. Also, it will appeal to readers interested in policy making and Chinese studies.
Miaojie Yu is the University Liberal Art Chair Professor, China's Chang-Jiang scholar, and Deputy Dean of National School of Development, Peking University. His research interests include international trade and Chinese economy. He has published more than 100 peer-reviewed papers and won the prize of Royal Economic Society (2015).
PART I Macro-perspective 1 Industrial structural upgrading and poverty reduction in China 2 Labor, demography, and the export-oriented growth model in China 3 China's manufacturing value chain ascent to date PART II Micro-evidence 4 China's processing trade: a firm-level analysis 5 Unexceptional exporter performance in China? The role of processing trade 6 Processing trade, tariff reductions, and firm productivity: evidence from Chinese firms 7 Trade liberalization, product complexity, and productivity improvement: evidence from Chinese firms 8 Processing trade, export intensity, and input trade liberalization: evidence from Chinese firms PART III Channels and mechanisms 9 Exports and credit constraints under incomplete information: theory and evidence from China 10 Input trade liberalization, processing firms, and firm R&D: empirical evidence from Chinese firms 11 Imports, product complexity, and firm productivity 12 Firm R&D, absorptive capacity, and learning by exporting: firm-level evidence from China PART IV International comparison 13 China and India: trends in trade over the last decade 14 The impact of China's trade on ASEAN's trade Appendices Bibliography Index