Achieving Inclusive Growth in China Through Vertical Specialization

Wei Wang (Professor of Economics, Tianjin University of Commerce, China)

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English

Chandos Publishing (Oxford) Ltd
22 March 2016

Economic growth; Financial reporting, financial statements; Management & management techniques

Vertical Specialization and Inclusive Growth in China discusses the two interrelated developments that have transformed the Chinese economy in recent years. First, the global community has increased calls to foster inclusive economic growth, with China embracing this trend. Second, the explosive growth in China’s trade resulting from international vertical specialization production and trade networks which has complicated the notion of inclusive growth in the Chinese context.

This book assesses these two trends quantitatively, giving evidence of the link between vertical specialization and inclusive growth, and then decomposing the inclusive growth effects of vertically specialized trade into six components: GDP growth, export growth, FDI, environment, employment, and innovation. It further explores the differing impact of conventional trade and processing trade on inclusive growth, providing direction for future policy. This second book by the author to consider vertical specialization stresses the importance of integration in driving inclusive growth.

By: Wei Wang (Professor of Economics Tianjin University of Commerce China)
Imprint: Chandos Publishing (Oxford) Ltd
Country of Publication: United Kingdom
Dimensions: Height: 229mm, Width: 151mm, Spine: 25mm
Weight: 520g
ISBN: 9780081006276
ISBN 10: 0081006276
Pages: 376
Publication Date: 22 March 2016
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

1. Introduction and Overview 2. Structural Change and the Evolving Pattern of China’s Free Trade in a Vertically Specialized Perspective 3. Vertical Specialization and Expanding Exports during the Transition to Inclusive Growth in China: Comparing Impacts of Conventional Imports and Processing Imports on Exports 4. Vertical Specialization and Changing Engines of Economic Growth during the Transition in China: Comparing Impacts of Conventional Trade and Processing Trade Pattern on GDP Growth 5. Vertical Specialization and Rising Employment during the Transition to Inclusive Growth in China: Comparing Impacts of Conventional Trade and Processing Trade Pattern on Labor Market 6. Vertical Specialization and Increasing Income during the Transition to Inclusive Growth in China: Comparing Impacts of Conventional Trade and Processing Trade Pattern on Wage 7. Vertical Specialization and Lowering Environmental Damage during the Transition to Inclusive Growth in China: Comparing Impacts of Conventional Trade and Processing Trade Pattern on Energy Consumption 8. Vertical Specialization and Strengthening Indigenous Innovation during the Transition to Inclusive Growth in China: Comparing Impacts of Conventional Trade and Processing Trade Pattern on Innovation 9. Vertical Specialization and Upgrading Utilization of Foreign Capital during the Transition to Inclusive Growth in China: Comparing Impacts of Conventional Trade and Processing Trade Pattern on Foreign Investment 10. Concluding Remarks

Wei Wang is the Professor of Economics at the Tianjin University of Commerce in the People’s Republic of China. Having written two books and over 20 academic articles and chapters, he remains interested in China’s foreign trade theory and policy.