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Foreign Direct Investment and Economic Growth in China

Edited by Yanrui Wu, Professor in Economics, University of Western Australia, Australia
Foreign capital has played a fundamental role in China’s development and economic reconstruction during the past two decades. China is now the world’s second largest host for foreign direct investment, outside the United States. This important new book, by a distinguished group of contributors, offers insights into the impact of foreign investment on China’s growth and regional economic development.
Extent: 256 pp
Hardback Price: $141.00 Web: $126.90
Publication Date: 1999
ISBN: 978 1 84064 022 9
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  • Asian Studies
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Foreign capital has played a fundamental role in China’s development and economic reconstruction during the past two decades. China is now the world’s second largest host for foreign direct investment, outside the United States. This important new book, by a distinguished group of contributors, offers insights into the impact of foreign investment on China’s growth and regional economic development.

The book features:

• an examination of China’s investment policy
• an analysis of the most recent industrial surveys
• case studies from selected regions
• applications of modern econometric techniques to data on foreign direct investment in China

Foreign Direct Investment and Economic Growth in China will be of interest to those working in the areas of international business, finance and international economics as well as Asian development and Chinese economic studies.
‘Foreign Direct Investment and Economic Growth in China is an edited compilation of nine papers (plus an introduction), most of which were presented in July 1997 at an international conference on the economics of Greater China. The papers will be of interest primarily to academic economists and policymakers. . .’
– Roger Strange, Asia Pacific Business Review

‘This edited book examines an important area of China’s foreign economic relations – namely, the contribution foreign direct investment (FDI) has made to economic growth in China. . . . The book is a valuable addition to the literature on China’s science and industry policies.’
– Cong Cao, The China Journal

‘The hallmark of the book is the analysis of Chinese national data using a variety of techniques . . . the book is attractively produced. Edward Elgar continues to provide a great service in publishing books on transition economies with good empirical work . . . contributing to our knowledge of what is happening in the 30 formerly centrally planned economies.’
– Richard Pomfret, Journal of Comparative Economics
Contributors: C. Chen, L.K. Cheng, Y.K. Kwan, Y. Lan, Q. Luo, J. Shan, F. Sun, H. Sun, G. Tian, Y. Wu, X. Zhang
Contents: Preface 1. FDI and Economic Growth: An Introduction Part I: Foreign Direct Investment in the Chinese Economy 2. Foreign Investment Policy, Contribution and Performance 3. Foreign Capital Stock and its Determinants 4. The Performance of FDI Part II: Foreign Direct Investment, Trade and Economic Growth 5. The Impact of FDI and Trade 6. FDI, Trade and Transfer Pricing 7. Causality Between FDI and Economic Growth Part III: Foreign Direct Investment and Regional Economies 8. Changing Patterns of FDI in Shanghai 9. FDI and Industrial Restructuring in Xiamen 10. FDI and Economic Development in Guangdong Index