Routledge Rising China in the Changing World Economy: 46 (Routledge Studies on the Chinese Economy)

China's rapid and sustained growth over last thirty years has propelled it to become the world's second largest economy today and potentially the largest in the foreseeable future. As one of the first major economies pulling out of recession and the last remaining major socialist country in the world today, China presents a challenge to established thinking on the essential primacy of global capitalism and the settled nature of the world system - as China becomes more integrated into the world economy and the international system, both are themselves potentially transformed as a result of China’s involvement. This book explores a wide range of issues connected with the impact of China on the global economy and the prevailing international system. Subjects covered include China’s multinationals, international acquisitions, the exchange rate, research and development and technology transfer, China’s emerging major business groupings, and small and medium sized enterprises. Review "The experience of combining Rising China in the Changing World Economy with recent research developments explaining both macro- and micro-level facts, gives us an opportunity to check which economic and political assumptions are essential to answer questions on the rapid growth of China. In doing so, we can keep on working towards an understanding of what drives China's great transformation and its hidden aspects as well as the relationships among them, and the reforms needed to address the micro-level problems that have resulted." - Tomohiro Machikita, Asia Research Centre, Copenhagen Business School, Denmark; The Copenhagen Journal of Asian Studies 30(2), 2012. About the Author Liming Wang is Director of the Irish Institute for Chinese Studies in University College Dublin; Director of the Confucius Institute for Ireland; the Secretary General of the Chinese Economic Association (Europe); and a Board Director of the Institute of International Trade of Ireland. He is co-author of Doing Business in China: The Irish experience and China's Grain Economy: The challenge of feeding more than a billion.