Economics at your fingertips  

Facets of China's Influence in the Economic Development and Integration of Asia

Sarmiza Pencea

Revista de Economie Mondiala / The Journal of Global Economics, 2014, vol. 6, issue 3

Abstract: China's economic pathway subsequent to 1978 is the greatest and most spectacular catching-up process ever succeded in the hystory of development. This country’s unprecedented race to regain the statute of a great economic power - lost in the 19th century, against the backdrop of the western industrial revolution – has developed at unequalled pace and produced exceptive results, overturning previous global hierarchies and exerting influence to the farthest corners of the world. Yet, nowhere else has its impact been more ample than in Asia, where China has become the largest regional economy, overriding Japan (2010), a highly developed country, although China itself is still an emerging economy. The channels which these influences are transmitted through are complex, pertaining to both the market mechanisms and to institutions and policies. In this paper we look at some of the influences exerted and changes triggered by China in Asia, through market mechanisms.

Keywords: China; Asia; regional development; integration; "flying geese" model; international production; relocations; intra-regional trade; competitive advantages; Foreign Direct Investments; FDI; multinatinal companies; MNCs; latecomer advantage (search for similar items in EconPapers)
JEL-codes: O53 O19 P20 P27 F14 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Revista de Economie Mondiala / The Journal of Global Economics is currently edited by Simona Moagar Poladian, PhD

More articles in Revista de Economie Mondiala / The Journal of Global Economics from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ().

Page updated 2020-07-04
Handle: RePEc:iem:journl:v:6:y:2014:i:3:id:2822000009237063