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Agriculture, Land, and the Rural Economy

Agriculture, Land, and the Rural Economy  

Arthur R. Kroeber

in China's Economy: What Everyone Needs to Know® (2 ed.)

Published in Print: 
08 September 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190946470.003.0004
Format: 
chapter
Why does agriculture matter? It may seem odd to begin our discussion of a great industrial economy with agriculture. In China today, agriculture accounts for only 8 percent of GDP. ... More
The Case for Free Trade

The Case for Free Trade  

Anne O. Krueger

in International Trade: What Everyone Needs to Know®

Published in Print: 
20 October 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190900465.003.0004
Format: 
chapter
Why do economists support free trade? There is free trade when residents have the same freedom to buy and sell abroad as they do at home. That does not mean that individuals can ... More
Case Studies of Protection for Manufacturing Industries

Case Studies of Protection for Manufacturing Industries  

Anne O. Krueger

in International Trade: What Everyone Needs to Know®

Published in Print: 
20 October 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190900465.003.0009
Format: 
chapter
Why look at manufacturing protection? In Chapter 4, it was seen that free trade would maximize the goods and services available in the nation’s economy and with enough left over ... More
Changing the Growth Model

Changing the Growth Model  

Arthur R. Kroeber

in China's Economy: What Everyone Needs to Know® (2 ed.)

Published in Print: 
08 September 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190946470.003.0014
Format: 
chapter
Why does China need to change its growth model? Since reforms began in 1979, China has become one of the world’s greatest economic success stories. At no point during those decades ... More
China

China  

Anne O. Krueger

in International Trade: What Everyone Needs to Know®

Published in Print: 
20 October 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190900465.003.0019
Format: 
chapter
How did China change? In 1982, China was an extremely impoverished developing country with such sluggish growth that it is arguable whether living standards had risen at all in ... More
China and the World: Is Conflict Inevitable?

China and the World: Is Conflict Inevitable?  

Arthur R. Kroeber

in China's Economy: What Everyone Needs to Know® (2 ed.)

Published in Print: 
08 September 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190946470.003.0015
Format: 
chapter
For most of this book, we have considered China mainly on its own terms—as a large and interesting story of national development. But China’s rise also has important international ... More
China’s Political Economy

China’s Political Economy  

Arthur R. Kroeber

in China's Economy: What Everyone Needs to Know® (2 ed.)

Published in Print: 
08 September 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190946470.003.0003
Format: 
chapter
What is China’s political system? Understanding China’s unique and resilient governance system is essential for making sense of the country’s economic past, present, and future. We ... More
Demographics and the Labor Market

Demographics and the Labor Market  

Arthur R. Kroeber

in China's Economy: What Everyone Needs to Know® (2 ed.)

Published in Print: 
08 September 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190946470.003.0011
Format: 
chapter
What is the “demographic dividend”? The “demographic dividend” refers to a period during which the proportion of nonworking, dependent people in a population falls substantially. ... More
Developing Countries

Developing Countries  

Anne O. Krueger

in International Trade: What Everyone Needs to Know®

Published in Print: 
20 October 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190900465.003.0018
Format: 
chapter
Are developing countries different? Prior to the Second World War, there were advanced countries, there were planned economies, including the Soviet Union, and there were very ... More
Do Trade Deficits Matter?

Do Trade Deficits Matter?  

Anne O. Krueger

in International Trade: What Everyone Needs to Know®

Published in Print: 
20 October 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190900465.003.0006
Format: 
chapter
President Trump has repeatedly insisted that each country’s bilateral trade deficit with the US is an indication of unfair trade practices. Trump has made the reduction of bilateral ... More
Does Trade Hurt American Jobs?

Does Trade Hurt American Jobs?  

Anne O. Krueger

in International Trade: What Everyone Needs to Know®

Published in Print: 
20 October 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190900465.003.0007
Format: 
chapter
The temptation to use protection to increase employment is understandable, but consideration of the economics makes it doubtful whether protection will increase employment, even in an ... More
The Emerging Consumer Economy

The Emerging Consumer Economy  

Arthur R. Kroeber

in China's Economy: What Everyone Needs to Know® (2 ed.)

Published in Print: 
08 September 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190946470.003.0012
Format: 
chapter
Is China’s growth “unbalanced”? How much does it matter? China from 1980 until a few years ago has been mainly an investment-driven economy. Growth has been powered by capital ... More
Energy and the Environment

Energy and the Environment  

Arthur R. Kroeber

in China's Economy: What Everyone Needs to Know® (2 ed.)

Published in Print: 
08 September 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190946470.003.0010
Format: 
chapter
In the preceding chapters, we have examined three of the systems that support China’s economic structure: the financial, fiscal, and enterprise systems. In this chapter, we will look at the ... More
The Enterprise System

The Enterprise System  

Arthur R. Kroeber

in China's Economy: What Everyone Needs to Know® (2 ed.)

Published in Print: 
08 September 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190946470.003.0007
Format: 
chapter
Which are more important: state-owned enterprises or private firms? One of the most contentious features of China’s economy is its ownership. Two narratives are common. One is that ... More
The EU and Brexit

The EU and Brexit  

Anne O. Krueger

in International Trade: What Everyone Needs to Know®

Published in Print: 
20 October 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190900465.003.0015
Format: 
chapter
How was the EU formed? The European Union (EU) started out as the European Coal and Steel Community (ECSC) with six member nations (Belgium, France, Germany, Italy, Luxembourg, ... More
The Financial System

The Financial System  

Arthur R. Kroeber

in China's Economy: What Everyone Needs to Know® (2 ed.)

Published in Print: 
08 September 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190946470.003.0009
Format: 
chapter
What role do China’s banks play in financing growth? China has a bank-dominated financial system. About 70 percent of corporate finance is provided either by banks or by other ... More
Foreign Trade in World History

Foreign Trade in World History  

Anne O. Krueger

in International Trade: What Everyone Needs to Know®

Published in Print: 
20 October 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190900465.003.0001
Format: 
chapter
Trade policy has long been contentious and stirred strong emotions. In the US, the most famous early controversy was the Boston Tea Party, in which the Americans objected to the tax ... More
The Future of International Trade

The Future of International Trade  

Anne O. Krueger

in International Trade: What Everyone Needs to Know®

Published in Print: 
20 October 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190900465.003.0022
Format: 
chapter
There is no doubt that intensifying trade links among the countries of the world have played an important, and largely beneficial, role in the evolution of the world economy. The open ... More
The GATT/WTO

The GATT/WTO  

Anne O. Krueger

in International Trade: What Everyone Needs to Know®

Published in Print: 
20 October 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190900465.003.0011
Format: 
chapter
Why have the World Trade Organization? There must be rules governing international trading transactions and a mechanism for enforcing them in the absence of an international ... More
The Government Finance System

The Government Finance System  

Arthur R. Kroeber

in China's Economy: What Everyone Needs to Know® (2 ed.)

Published in Print: 
08 September 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190946470.003.0008
Format: 
chapter
Why does the fiscal system matter? There are two reasons for understanding China’s fiscal system. The first is about power relations. In a country as large and diverse as China, ... More

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