Working Paper: NBER ID: w12373
Authors: Lee Branstetter; Nicholas Lardy
Abstract: As China has become an increasingly important part of the global trading system over the past two decades, interest in the country and its international economic policies has increased among international economists who are not China specialists. This paper represents an attempt to provide the international economics community with a succinct summary of the major steps in the evolution of Chinese policy toward international trade and foreign direct investment and their consequences since the late 1970s. In doing so, we draw upon and update a number of more comprehensive book-length treatments of the subject. It is our hope that this paper will prove to be a useful resource for the growing numbers of international economists who are exploring China-related issues, either in the classroom or in their own research.
Keywords: No keywords provided
JEL Codes: O53; O19; F43; F14
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| China's reforms (P11) | Increased openness to foreign trade and investment (F69) |
| Increased openness to foreign trade and investment (F69) | Significant rise in trade volume (F10) |
| WTO accession (F13) | China's economy becoming one of the most open economies (F43) |
| WTO accession (F13) | Benefits for China and its trading partners (F10) |
| China's exchange rate regime (F31) | Macroeconomic fundamentals (E66) |
| China's exchange rate regime (F31) | Economic stability (E60) |