The advent of globalization and capitalization of China’s economy introduces the market concept of a command economy as an international force in trade. In 2001, China became a member of the World Trade Organization. Since that time, the country has been the subject of a number of anti-dumping disputes, citing breach of dumping rules to lower-than-market-price goods in foreign trade zones.
Competition analyses show that in spite of a slowdown, China’s insurgence as the lead trade economy is influencing European and U.S. trade practices. Regulatory governance is suggested to be the great equalizer, as developed countries attempt to reduce foreign import surpluses.
Breaking the Wall of Global Debt: How Economics Can Reshape the Development Models of Europe, the U.S., and China demonstrates how the fluctuation of capital flows, labor, goods, services, and technologies attendant to globalization has given rise to unexpected consequences associated with regulatory, financial, and international industrial and e-waste systems.
The documentary includes insights from its host, CICC economist Olin Liu, head of China's first joint-venture financial institution. Liu addresses key policy issues focused on China's economic strategy, and the future of foreign direct investment on public and private projects promoting a scenario of intense competition between the country and WTO trade partners.Breaking the Wall of Global Debt: How Economics Can Reshape the Development Models of Europe, the U.S., and China
- ISBN 978-1-62290-477-8
- Run Time (14 Minutes)
- Copyright 2011
- Closed Captioned (CC)