China as a double pole in the world economy and the recentralization of the Asian economy

Vol. 26 No. 3 (2006)

Jul-Sep / 2006
Published July 1, 2006
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Medeiros, Carlos Aguiar de. 2006. “China As a Double Pole in the World Economy and the Recentralization of the Asian Economy”. Brazilian Journal of Political Economy 26 (3):381-400. https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/606.

China as a double pole in the world economy and the recentralization of the Asian economy

Carlos Aguiar de Medeiros
Professor do Instituto de Economia da UFRJ.
Brazilian Journal of Political Economy, Vol. 26 No. 3 (2006), Jul-Sep / 2006, Pages 381-400

Abstract

The extraordinary growth of Chinese trade that occurred in the last years changed China’s role on world and regional economy. As a major producer of industrial consumer goods to OCDE countries, China has negatively affected many Asian competitors but as an expansive market China became the main source of growth to Asian countries. This new dimension was achieved after the Asian crisis of 1997 by an economic expansion led by public investment. After considering the Chinese balance of payment position and its industrial strategy this paper investigates this double dimension of China on trade and its influence on Asian countries.

JEL Classification: E60; F14; F23; F31; L50.


Keywords: macroeconomic policy commercial and investment flows exchange rate regime globalization regionalization