China and the Global Economy

Paper Summary:

The paper discusses how China has emerged as a key factor in the global economy. The paper discusses China's role in influencing global policy debates, taking into consideration trade, foreign investment, direct investment, short-term capital flows and economic management. The paper relates that the existence of China in the World Trade Organization has also impacted global policy and the policy traditionally held by the World Trade Organization. The paper reveals that the results of China's present-day actions have many implications in forecasting, globalization and the international economy overall.

Outline:
Introduction
Trade - Liberalization
Foreign Investment
Economic Management

From the Paper:

"The fact that trade liberalization is a catalyst for economic growth and development is well known. Trade liberalization is even more important to the growth of developing economies where small businesses frequently account for 80% or more of employment and virtually all job growth (Asel, 2003). China operates at the margins of the economy exploiting opportunities overlooked by incumbents, and has innovated to develop promising, but untested markets and flexibly managing scarce resources in an uncertain, often unforgiving environment (Asel, 2003)."

Sample of Sources Used:

• Adams, J.S. (1965). Inequity in Social Exchange. Advances in Experimental Social Psychology. pp. 267-299.
• Adler, P. & S. Kwon. (2002). Social capital: Prospects for a new concept. Acad. Management Rev. 27(1) 17-60.
• Asel, P. (2003). International Entreprenuership Course Description. Retrieved Oct. 18, 2006 from http://icp.gmu.edu/course/syllabi/03fa/ITRN769-001.pdf.
• Batjargal & Liu. (2004). The Role of Social Capital. Organization Science 15(2), pp. 159-172.
• Baumol, W. (1993). Entreprenuership, Management, and the Structure of Payoffs. Cambridge: Massachusetts Institute of Technology.

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• Research Paper # 52159 : "Consumer Behavior in Taiwan, China, and the U.S."

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