How Globalisation has Affected China and Related Policy Issues
4 Pages Posted: 13 Feb 2019
Date Written: December 21, 2018
Abstract
Globalisation is a double-edged sword, especially for EMEs. On the one hand, globalisation has boosted national income, spurred trade and investment and promoted the sustained and healthy development of China’s economy. On the other hand, globalisation has also expanded China’s domestic income gap and intensified pressure on cross-border capital flows. As a response to these challenges, and like other EMEs, China conducts sound macroeconomic policies and promotes structural reforms with the aim of creating a robust macroeconomic environment.
Full Publication: Globalisation and Deglobalisation
Keywords: globalisation, China's economy, reform
JEL Classification: F60
Suggested Citation: Suggested Citation