The economic rise of China: threat or opportunity?

Nicholas R. Lardy

Economic Commentary, 2003, issue Aug

Abstract: China's economy is opening up to the outside world. This worries those who fear the huge pool of low-cost labor will drain jobs from U.S. shores, and less expensive goods will spark trade problems. The author points out that China's untapped market presents huge opportunities for U.S. businesses that would surely outweigh any loss of jobs, and also that the sort of jobs that would move to China left the U.S. a long time ago. And with respect to fair trading practices, China has made much progress.

Keywords: Economic conditions - China; China (search for similar items in EconPapers)
Date: 2003
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