China S Changing Trade And The Implications For The Clmv

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China's Changing Trade and the Implications for the CLMV

Mr.Koshy Mathai,Mr.Geoff Gottlieb,Mr.Gee Hee Hong,Sung Eun Jung,Jochen M. Schmittmann,Jiangyan Yu
China s Changing Trade and the Implications for the CLMV Book PDF

Author : Mr.Koshy Mathai,Mr.Geoff Gottlieb,Mr.Gee Hee Hong,Sung Eun Jung,Jochen M. Schmittmann,Jiangyan Yu
Publisher : International Monetary Fund
Page : 84 pages
File Size : 50,9 Mb
Release : 2016-09-01
Category : Business & Economics
ISBN : 9781513544991

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China's Changing Trade and the Implications for the CLMV by Mr.Koshy Mathai,Mr.Geoff Gottlieb,Mr.Gee Hee Hong,Sung Eun Jung,Jochen M. Schmittmann,Jiangyan Yu Pdf

China’s trade patterns are evolving. While it started in light manufacturing and the assembly of more sophisticated products as part of global supply chains, China is now moving up the value chain, “onshoring” the production of higher-value-added upstream products and moving into more sophisticated downstream products as well. At the same time, with its wages rising, it has started to exit some lower-end, more labor-intensive sectors. These changes are taking place in the broader context of China’s rebalancing—away from exports and toward domestic demand, and within the latter, away from investment and toward consumption—and as a consequence, demand for some commodity imports is slowing, while consumption imports are slowly rising. The evolution of Chinese trade, investment, and consumption patterns offers opportunities and challenges to low-wage, low-income countries, including China’s neighbors in the Mekong region. Cambodia, Lao P.D.R., Myanmar, and Vietnam (the CLMV) are all open economies that are highly integrated with China. Rebalancing in China may mean less of a role for commodity exports from the region, but at the same time, the CLMV’s low labor costs suggest that manufacturing assembly for export could take off as China becomes less competitive, and as China itself demands more consumption items. Labor costs, however, are only part of the story. The CLMV will need to strengthen their infrastructure, education, governance, and trade regimes, and also run sound macro policies in order to capitalize fully on the opportunities presented by China’s transformation. With such policy efforts, the CLMV could see their trade and integration with global supply chains grow dramatically in the coming years.

China's Changing Trade and the Implications for the CLMV

Mr.Koshy Mathai,Gee Hee Hong,Sung Eun Jung,Jochen M. Schmittmann,Jiangyan Yu
China s Changing Trade and the Implications for the CLMV Book PDF

Author : Mr.Koshy Mathai,Gee Hee Hong,Sung Eun Jung,Jochen M. Schmittmann,Jiangyan Yu
Publisher : International Monetary Fund
Page : 83 pages
File Size : 50,6 Mb
Release : 2016-09-01
Category : Political Science
ISBN : 9781475531718

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China's Changing Trade and the Implications for the CLMV by Mr.Koshy Mathai,Gee Hee Hong,Sung Eun Jung,Jochen M. Schmittmann,Jiangyan Yu Pdf

China’s trade patterns are evolving. While it started in light manufacturing and the assembly of more sophisticated products as part of global supply chains, China is now moving up the value chain, “onshoring” the production of higher-value-added upstream products and moving into more sophisticated downstream products as well. At the same time, with its wages rising, it has started to exit some lower-end, more labor-intensive sectors. These changes are taking place in the broader context of China’s rebalancing—away from exports and toward domestic demand, and within the latter, away from investment and toward consumption—and as a consequence, demand for some commodity imports is slowing, while consumption imports are slowly rising. The evolution of Chinese trade, investment, and consumption patterns offers opportunities and challenges to low-wage, low-income countries, including China’s neighbors in the Mekong region. Cambodia, Lao P.D.R., Myanmar, and Vietnam (the CLMV) are all open economies that are highly integrated with China. Rebalancing in China may mean less of a role for commodity exports from the region, but at the same time, the CLMV’s low labor costs suggest that manufacturing assembly for export could take off as China becomes less competitive, and as China itself demands more consumption items. Labor costs, however, are only part of the story. The CLMV will need to strengthen their infrastructure, education, governance, and trade regimes, and also run sound macro policies in order to capitalize fully on the opportunities presented by China’s transformation. With such policy efforts, the CLMV could see their trade and integration with global supply chains grow dramatically in the coming years.

China's Economic Footprint In South And Southeast Asia: A Futuristic Perspective - Case Studies Of Pakistan, Sri Lanka, Myanmar And Thailand

Reena Marwah,Sanika Sulochani Ramanayake
China s Economic Footprint In South And Southeast Asia A Futuristic Perspective Case Studies Of Pakistan Sri Lanka Myanmar And Thailand Book PDF

Author : Reena Marwah,Sanika Sulochani Ramanayake
Publisher : World Scientific
Page : 357 pages
File Size : 51,9 Mb
Release : 2021-09-17
Category : Political Science
ISBN : 9789811236396

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China's Economic Footprint In South And Southeast Asia: A Futuristic Perspective - Case Studies Of Pakistan, Sri Lanka, Myanmar And Thailand by Reena Marwah,Sanika Sulochani Ramanayake Pdf

The labyrinthine BRI projects, aimed at realizing win-win benefits, have created new challenges for the host countries. Economic aspirations must be shielded and protected by security umbrellas, thus making these countries partners of the China-dominated security architecture. Nowhere is this more evident than in the countries of Sri Lanka and Pakistan. Despite Southeast Asian nations being viewed as within the ambit of China's historical sphere of influence, Myanmar and Thailand provide experiences different from their neighbours. This book analyzes China as an economic juggernaut, undergirded by global ambitions, expanding its economic footprint across South and Southeast Asia through trade, technological supremacy and territorial acquisitions. The authors also navigate China's policies at home and abroad, providing a futuristic perspective on China's path to victory. The book provides answers to compelling questions as:

China’s Uneven and Combined Development

Steven Rolf
China s Uneven and Combined Development Book PDF

Author : Steven Rolf
Publisher : Springer Nature
Page : 264 pages
File Size : 41,9 Mb
Release : 2020-10-15
Category : Political Science
ISBN : 9783030555597

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China’s Uneven and Combined Development by Steven Rolf Pdf

This book mobilises the theory of uneven and combined development to uncover the geopolitical economic drivers of China’s rise. The purpose is to explain the formation and trajectory of its economic ‘accumulation system’ — which remains a confounding hybrid of statist and neoliberal forms of capitalism — as the outcome of China’s geopolitical engagement of the USA during the late stages of the Cold War, and its participation in manufacturing global production networks (GPNs). Fear of geopolitical catastrophe drove China to open its economy, while GPNs enabled China to generate substantial export surpluses which could be recycled through state-owned banks as cheap credit and subsidies to large, vertically integrated and politically-controlled state-owned enterprises. In this way, a synergy emerged between the ‘neoliberal’ and ‘Keynesian-Fordist’ sectors of the economy, while the national-territorial state retained its form and expanded its functions. The book chronicles how this reliance on export surpluses, however, rendered China extremely vulnerable to external shocks — prompting a dramatic monetary and fiscal stimulus response to the crisis of 2008, even while sustaining the illusion of economic ‘decoupling’ from the global economy. Finally, it examines the growing role of the state in the current crisis-ridden economic model, as well as China’s current geoeconomic and geopolitical expansionism in areas such as the Belt and Road Initiative and the militarisation of the East and South China Seas.

IMF Publications Catalog, Spring 2017

International Monetary Fund. Communications Department
IMF Publications Catalog Spring 2017 Book PDF

Author : International Monetary Fund. Communications Department
Publisher : International Monetary Fund
Page : 37 pages
File Size : 54,5 Mb
Release : 2017-04-05
Category : Electronic
ISBN : 9781475585247

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IMF Publications Catalog, Spring 2017 by International Monetary Fund. Communications Department Pdf

Spring 2017 IMF Publications Catalog highlights all new and forthcoming publications from the IMF, in addition to key titles in the IMF collection.

Spillovers from the Maturing of China’s Economy

Allan Dizioli,Mr.Benjamin L Hunt,Wojciech Maliszewski
Spillovers from the Maturing of China s Economy Book PDF

Author : Allan Dizioli,Mr.Benjamin L Hunt,Wojciech Maliszewski
Publisher : International Monetary Fund
Page : 33 pages
File Size : 45,5 Mb
Release : 2016-11-15
Category : Business & Economics
ISBN : 9781475554434

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Spillovers from the Maturing of China’s Economy by Allan Dizioli,Mr.Benjamin L Hunt,Wojciech Maliszewski Pdf

China’s transition to a new growth model continues and the impact has been felt across the globe. Several trends contribute to the ‘maturing’ of China’s economy: i) structural slowing on the convergence path; ii) on-shoring deepening; and iii) demand rebalancing from investment towards consumption. In the short term, financial stress may lead to a cyclical slowdown. This paper discusses and quantifies spillovers to the global economy from these different developments. The analysis is undertaken using the APDMOD and G20MOD, both modules of the IMF’s Flexible System of Global Models. For plausible values of these developments, the overall impact on the global economy is not large. However, the impact on China’s closest trading partners and commodity exporters can be notable.

World Economic Outlook, October 2016

International Monetary Fund. Research Dept.
World Economic Outlook October 2016 Book PDF

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 288 pages
File Size : 48,8 Mb
Release : 2016-10-04
Category : Business & Economics
ISBN : 9781513599540

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World Economic Outlook, October 2016 by International Monetary Fund. Research Dept. Pdf

According to the October 2016 "World Economic Outlook," global growth is projected to slow to 3.1 percent in 2016 before recovering to 3.4 percent in 2017. The forecast, revised down by 0.1 percentage point for 2016 and 2017 relative to April’s report, reflects a more subdued outlook for advanced economies following the June U.K. vote in favor of leaving the European Union (Brexit) and weaker-than-expected growth in the United States. These developments have put further downward pressure on global interest rates, as monetary policy is now expected to remain accommodative for longer. Although the market reaction to the Brexit shock was reassuringly orderly, the ultimate impact remains very unclear, as the fate of institutional and trade arrangements between the United Kingdom and the European Union is uncertain. Financial market sentiment toward emerging market economies has improved with expectations of lower interest rates in advanced economies, reduced concern about China’s near-term prospects following policy support to growth, and some firming of commodity prices. But prospects differ sharply across countries and regions, with emerging Asia in general and India in particular showing robust growth and sub-Saharan Africa experiencing a sharp slowdown. In advanced economies, a subdued outlook subject to sizable uncertainty and downside risks may fuel further political discontent, with anti-integration policy platforms gaining more traction. Several emerging market and developing economies still face daunting policy challenges in adjusting to weaker commodity prices. These worrisome prospects make the need for a broad-based policy response to raise growth and manage vulnerabilities more urgent than ever.

The Dark Side of Globalisation

Leila Simona Talani,Roberto Roccu
The Dark Side of Globalisation Book PDF

Author : Leila Simona Talani,Roberto Roccu
Publisher : Springer
Page : 232 pages
File Size : 49,9 Mb
Release : 2019-03-28
Category : Political Science
ISBN : 9783030051174

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The Dark Side of Globalisation by Leila Simona Talani,Roberto Roccu Pdf

Firmly rooted in the International Political Economy (IPE) tradition, this book addresses the negative consequences of globalisation, what is termed here the ‘dark side of globalisation’. It explores different definitions of globalisation, whether the globalisation we have seen since the 1970s is substantially new, and to what extent it can be governed. Building on these foundations, the work assesses the prospects for de-globalisation. By focusing on this dark side of globalistion, the authors show how the global economic crisis, and its various local and sectorial manifestations, intensified – rather than generated – existing trends. This scholarship provides an account of the current predicament that is both more complex and more persuasive than the opposition between globalisation and de-globalisation.

Regional Economic Outlook, October 2018, Asia Pacific

International Monetary Fund. Asia and Pacific Dept
Regional Economic Outlook October 2018 Asia Pacific Book PDF

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 32 pages
File Size : 51,7 Mb
Release : 2018-10-12
Category : Business & Economics
ISBN : 9781484375419

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Regional Economic Outlook, October 2018, Asia Pacific by International Monetary Fund. Asia and Pacific Dept Pdf

Growth in the first half of 2018 was softer than in 2017, especially in advanced economies. In contrast, growth remained robust in emerging market economies and broadly in line with expectations. After rising to 6.9 percent in 2017, growth in China continued to be strong into the first half of 2018 but has likely slowed since, given the latest high-frequency indicators, including weakening investment growth. In Japan, after exceeding potential for two years, growth dropped into negative territory in the first quarter of 2018 before rebounding sharply in the second quarter. In India, growth continues to recover steadily after the disruptions related to demonetization and the rollout of the goods and services tax in the last fiscal year.1 And in ASEAN-4 economies (Indonesia, Malaysia, the Philippines, Thailand), growth generally lost momentum in the first half of 2018, except in Thailand.

Publications Catalog, Fall 2016

International Monetary Fund. Communications Department
Publications Catalog Fall 2016 Book PDF

Author : International Monetary Fund. Communications Department
Publisher : International Monetary Fund
Page : 37 pages
File Size : 45,7 Mb
Release : 2016-10-05
Category : Electronic
ISBN : 9781513507309

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Publications Catalog, Fall 2016 by International Monetary Fund. Communications Department Pdf

This paper provides policymakers, academics, and the public with valuable information about policies and institutions in China today, the road ahead, and key principles that can help in navigating it. The paper focuses on crucial issues in the country’s transformation, such as tax policy and administration, social security, state-owned enterprise reform, medium-term expenditure frameworks, the role of local government finances, Renminbi internationalization, and macroeconomic statistics. Women make up a little over half of the world’s population, but their contribution to measured economic activity and growth is far below its potential. Despite significant progress in recent decades, labor markets across the world remain divided along gender lines, and progress toward gender equality seems to have stalled. Women’s economic empowerment is critical for the overall economy. As research conducted both inside and outside the IMF shows, empowering women can boost economic growth, reduce income inequality, support export diversification, and strengthen corporate performance.

Political Economy Of The Brics Countries, The (In 3 Volumes)

Anonim
Political Economy Of The Brics Countries The In 3 Volumes Book PDF

Author : Anonim
Publisher : World Scientific
Page : 986 pages
File Size : 43,6 Mb
Release : 2020-03-03
Category : Political Science
ISBN : 9789811202223

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Political Economy Of The Brics Countries, The (In 3 Volumes) by Anonim Pdf

Over the past 20 years, social scientists, government officials, and investors have expressed mounting interest in the BRICS countries, which include Brazil, Russia, India, China and South Africa. These countries are widely viewed as both key actors in the global economy and important regional powers. The Political Economy of the BRICS Countries is a three-volume set that aims to address various crucial issues regarding these countries.Volume 1 analyzes whether economic growth in the BRICS countries has been broad-based and promoted equitable economic and social outcomes. The authors examine specific dimensions of growth in these five economies that constrain their ability to act effectively and cohesively in international affairs.Volume 2 considers how the BRICS have affected global economic governance and the international political economy.Volume 3 provides various approaches to economic informality in the BRICS. Moreover, the chapters deal with several connections between informality and important political, economic, and institutional phenomena such as economic globalization and international aid, economic development, political regimes, social capital, political networks and political participation, labor market rules, and social policy preferences.The BRICS countries have attracted rising attention over the past two decades. The volumes provide an in-depth analysis of various key issues regarding these countries and chart a course for future research.

People's Republic of China

International Monetary Fund. Asia and Pacific Dept
People s Republic of China Book PDF

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 77 pages
File Size : 46,6 Mb
Release : 2017-08-15
Category : Business & Economics
ISBN : 9781484314722

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People's Republic of China by International Monetary Fund. Asia and Pacific Dept Pdf

This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption.

Agricultural Trade between China and the Greater Mekong Subregion Countries

Jayant Menon,Vathana Roth
Agricultural Trade between China and the Greater Mekong Subregion Countries Book PDF

Author : Jayant Menon,Vathana Roth
Publisher : ISEAS-Yusof Ishak Institute
Page : 331 pages
File Size : 55,6 Mb
Release : 2022-06-21
Category : Business & Economics
ISBN : 9789815011135

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Agricultural Trade between China and the Greater Mekong Subregion Countries by Jayant Menon,Vathana Roth Pdf

“This book provides new insights into the important and developing agricultural value chains, including on current constraints and the enormity of opportunities, emanating in the dynamic GMS, especially through to their main giant market of China. Analysis in the GMS countries forms comparable case studies of major crops using mappings of their key processes and actors, as well as both qualitative and quantitative data, including primary data collection such as from new surveys. The analysis uses understandable methodologies, such as graphical cross-country comparisons, and established ratios, such as on comparative advantage, to provide useful insights into GMS agricultural value chains. A particular focus in the case studies is better understanding of the role Non-Tariff Measures (NTMs) might play in constraining agricultural exports to China and approaches to addressing these that are more inclusive and economically rewarding. I recommend this valuable book to those interested in agricultural trade in GMS countries and China, as well as the characteristics of their agricultural value chains, and their contribution to these countries’ development.” -- Dr Ray Trewin, Former Fellow, ANU and editor of Crucial Agricultural Policy (World Scientific, 2016). “The Greater Mekong Subregion encompasses several open, dynamic, latecomer economies. Over the past thirty years, they have benefited immensely from the restoration of peace, their re-engagement with the regional and global economies, and the rise of China. The region as a whole is a net food exporter with a strong comparative advantage in agriculture. How they manage their international commercial relations, with China in particular, will significantly influence their future socio-economic dynamics. The authors and contributors, all leading researchers in the field, are to be congratulated for this timely and authoritative volume that comprehensively examines the issues and charts a productive way forward. A must-read for anybody interested in these important issues and countries.” -- Professor Hal Hill, H.W. Arndt Professor Emeritus of the Southeast Asian Economies, ANU

Lao People's Democratic Republic

International Monetary Fund. Asia and Pacific Dept
Lao People s Democratic Republic Book PDF

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 72 pages
File Size : 51,5 Mb
Release : 2017-02-15
Category : Business & Economics
ISBN : 9781475579451

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Lao People's Democratic Republic by International Monetary Fund. Asia and Pacific Dept Pdf

This 2016 Article IV Consultation highlights that the real GDP growth of Lao People’s Democratic Republic is expected to moderate from 7.5 percent in 2015 to 7 percent in 2016. Domestic activity has slowed following a less favorable external environment, and credit growth has also moderated from a high level. As growth continues to moderate in the near-term, inflation is projected to remain in low single digits. The current account deficit is projected to widen to about 19 percent of GDP in 2017 owing to the execution of large infrastructure projects with foreign direct investment.

Vietnam

International Monetary Fund. Asia and Pacific Dept
Vietnam Book PDF

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 70 pages
File Size : 52,7 Mb
Release : 2017-07-06
Category : Business & Economics
ISBN : 9781484307625

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Vietnam by International Monetary Fund. Asia and Pacific Dept Pdf

This 2017 Article IV Consultation highlights that Vietnam’s dynamic economy continues to perform well, aided by sound economic fundamentals. Growth moderated to 6.2 percent in 2016, reflecting the impact of a drought and land salinization on agriculture and lower oil production. Weakness in the oil sector continued in the first quarter of 2017, but the underlying growth momentum remains robust underpinned by strong manufacturing activity and foreign direct investment, robust domestic demand, and a rebound in agricultural production. For 2017, growth is projected at 6.3 percent and headline inflation is projected to stabilize at about 5 percent as administered prices continue to be adjusted.