The Implications Of China Taiwan Economic Liberalization
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Author : Daniel H. Rosen,Zhi Wang Publisher : Peterson Institute Page : 217 pages File Size : 53,5 Mb Release : 2011 Category : Business & Economics ISBN : 9780881325010
The Implications of China-Taiwan Economic Liberalization by Daniel H. Rosen,Zhi Wang Pdf
China and Taiwan have built one of the most intertwined and important economic relationships in the world, and yet that relationship is not mutually open, compliant with World Trade Organization norms, or even fully institutionalized. What's more, despite massive trade and investment flows, the boundary between the two is a serious flashpoint for potential conflict. But leaders in Beijing and Taipei have committed to normalize and deepen their economic intercourse and open a new post-Cold War era in their relationship. While the political significance of this gambit has captured attention worldwide, the scope of opening intended and the bilateral, regional, and global effects likely to ensue are as yet poorly understood. This volume attempts to remedy that uncertainty with careful modeling combined with a qualitative assessment of the implications of the cross-strait economic opening now agreed in an Economic Cooperation Framework Agreement (ECFA). The study explores the implications for Taiwan and China, for their neighbors, and for the United States if this undertaking is fully implemented by 2020.
Understanding Modern Taiwan by Christian Aspalter Pdf
Focusing on aspects of modern Taiwan related to the fields of economics, social policy and politics, this collection brings together leading scholars to discuss recent developments in Taiwanese society. The contributors discuss economic policy making in Taiwan, the Diaspora of Taiwanese businessmen, the issue of national identity, the factors behind political liberalization and democratization, labour and social politics, the emergence of social movements that promote new social policies, and the impact of democratization on welfare state politics in Taiwan. Since the lifting of martial law in 1987, Taiwan has undergone a period of rapid industrialization and democratization which has changed the face of Taiwanese society. This volume will provide an insight into these dramatic economic, political and societal changes.
This book examines how since about 2008 the economy of Taiwan has become ever more deeply integrated into the economy of China. It goes beyond a consideration of trade and investment flows, and discusses also the large population flows, the growing integration of the two financial systems and the nature of the deep economic integration at the industry and firm level. It considers the impact of growing economic integration on society and politics, assesses how China-Taiwan economic integration is affecting the East Asian region more widely, and explores the implications for international relations, including the United States dominance in the region. Overall, the book presents a comprehensive analysis of all the issues.
This book is about the basis and scope of impact that Taiwan – a democracy with a population of around 23 million – has on China, the most powerful remaining Leninist state which claims sovereignty over Taiwan and has a population of over 1.3 billion. It examines how Taiwan has helped China in its economic transformation, but argues that the former exercises greatest influence through its soft power. The expert and timely contributions in this book demonstrate how Taiwan exerts real influence in China through admiration of its popular culture, be it in music or literature, as well as its reach into politics and economics. As mainland Chinese visit Taiwan, they are most impressed with civility in everyday living based on a modernized version of the traditional Chinese culture. However, discussions in the book also reveal the limits of Taiwan’s impact, as the Chinese government tightly controls the narrative about Taiwan and does not tolerate any Taiwanese posing a threat to its monopoly of power.
Author : Nicholas R. Lardy,Daniel H. Rosen Publisher : Peterson Institute for International Economics Page : 76 pages File Size : 41,9 Mb Release : 2004 Category : Business & Economics ISBN : UCSD:31822033215179
Prospects for a US-Taiwan Free Trade Agreement by Nicholas R. Lardy,Daniel H. Rosen Pdf
Taiwan has a special status for the United States, as both a leading high-technology economic partner and a place of political and security concern. The authors look at both the quantitative and qualitative evidence on the potential effects of a US-Taiwan free trade agreement (FTA), both for maximizing US economic benefits and for securing a prosperous and secure future for Taiwan. Their analysis indicates that the direct economic benefits of a prospective FTA would be modest and that the FTA could be most valuable to the United States if it leads Taiwan toward greater regional integration.
China's Transition to a Global Economy by Michael Webber Pdf
How has China approached the global economy? Webber, Wang and Zhu attempt to answer this question through analysis of the concepts of globalization, transition and regionalization. China's approach has been experimental, stressing the liberalization of trade and investment flows and the development of a market economy. By these indexes globalization in China has been gradual and uneven. Integrating Western social science and Chinese research, this book assesses the nature and effect of globalization in China and its implications.
Sayonara to the Lee Teng-hui Era by Wei-chin Lee,Te-Yu Wang Pdf
Promising a methodological pluralism, Lee (political science, Wake Forest U.) and Yang (political science, Illinois State U.) present ten papers evaluating the political development of Taiwan under the stewardship of President Lee Teng-hui (1988-2000). Among the topics discussed are the constitutional reforms of his presidency, the emergence of competitive party politics, the changing national identity of the Taiwanese, policy towards mainland China, and relations with the United States. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).
Author : Nicholas R. Lardy Publisher : Peterson Institute for International Economics Page : 258 pages File Size : 53,8 Mb Release : 2019-01-01 Category : Business & Economics ISBN : 9780881327380
China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, renowned China scholar Nicholas R. Lardy argues that China's future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China's economy. Lardy's book arrives in timely fashion as a sequel to his pathbreaking Markets over Mao: The Rise of Private Business in China, published by PIIE in 2014. This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China's potential. As with his previous book, Lardy's perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades—if it reverses course and returns to the path of market-oriented reforms.
China's Economic Rise by Congressional Research Service Pdf
Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
Economic Integration in Asia by B. Andreosso-O'Callaghan,J. Jaussaud,B. Zolin Pdf
This study assesses the current state of economic integration in Asia - in particular in East and South East Asia- and analyzes the prerequisites for a sustainable path of economic integration, using the background of the EU experience as a benchmark.
Chinese Economic Coercion Against Taiwan by Murray Scot Tanner Pdf
This monograph analyzes the political impact of the rapidly growing economic relationship between the People's Republic of China (PRC) and Taiwan and evaluates the prospects for Beijing to exploit that expanding economic relationship to employ economic coercion against Taiwan. It also identifies China's goals for applying economic pressure against Taiwan. To establish a framework for evaluating China's relative success or failure in using economic coercion against Taiwan, this work draws upon the conclusions of the large and empirically rich body of studies of economic diplomacy that have focused on economic coercion and trade sanctions. A large portion of this monograph is devoted to evaluating the cross-strait economic relationship and Taiwan's potential economic vulnerability to Chinese efforts to cut off or disrupt key aspects of that relationship. But this document also extensively analyzes the challenges that China has faced in its efforts to convert this raw, potential economic influence into effective political leverage.
US-China Rivalry and Taiwan's Mainland Policy by Dean P. Chen Pdf
This book examines changes in Taiwan’s policies toward Mainland China under former Republic of China (ROC) President Ma Ying-jeou (2008-16) and considers their implications for US policy toward the Taiwan Strait. In recent years, the People’s Republic of China (PRC)’s increasingly assertive foreign policy behaviors have heightened tensions with its regional neighbors as well as the United States. However, under the Kuomintang (KMT) administration of Ma Ying-jeou, Taiwan discounted Beijing’s coercion and pursued rapprochement on the basis of the “1992 consensus,” which was a tacit agreement reached between the KMT and Chinese Communist Party in 1992 that both Taiwan and the mainland belong to one China though that “China” is subjected to either side's different interpretations. The author of this volume analyzes why Taipei underreacted towards the security challenges posed by the PRC and chartered policies that sometimes went against the interests of Washington and its allies in the Asia-Pacific. The KMT was pushing for nation-building initiatives to rejuvenate the ROC’s “one China” ruling legitimacy and to supplant pro-independence forces within Taiwan. The island’s deeply fragmented domestic politics and partisanship have led policy elites to choose suboptimal strategy and, thereby, weakening its security position. The implications from this study are equally applicable to Taiwan’s newly elected Democratic Progressive Party government that has taken off ice in 2016.
