文档介绍：外文题目:Why is China petitive? Measuring and Explaining China'petitiveness
出处:World Economy; Feb2006, Vol. 29 Issue 2, p95-122, 28p
作者:Adams, F. Gerard Gangnes, ByronShachmurove, Yochanan
1. Introduction
In the past decade, the export performance of the Chinese economy has been
phenomenal. The issue of petitiveness has expanded in scope
from a regional question –‘Why is China petitive with respect to other
East Asian exporters?’– to a worldwide question –‘Why are Chinese goods petitive in the world market?’
Some observers have expressed concern about the growing centralisation of the world’s manufacturing production in East Asia, and particularly in China. At issue are the implications for manufacturing employment and wages in the United States, Europe and Japan, where a large fraction of Chinese exports is has also been worry about the deflationary implications of cheap Chinese exports on the advanced countries.
In the United States, China’s exchange rate and its implications petition have e a political issue as the US trade deficit with China has risen above $100 billion. In East Asia, China’petitiveness is being seen as responsible for shifts in production and foreign investment that have impeded growth in other countries in the region.
The present debate over petitiveness is reminiscent of 1980s worries about the petitive losses to Japan. Yet, there are some important differences. In the 1980s, American concerns were of an increasingly wealthy Japanese economy that appeared poised to overtake the US as a leader in key technologies and in overall wealth and prestige. In the current situation, it is instead the multinational corporations of the United States,Japan and other economies who are shifting their own production into China either through foreign direct investment or outsourcing. The issues are less about technological supremacy than they are about the implications for developed
country economies of a continuing outflow of investme