Achieving Inclusive Growth in China Through Vertical Specialization

Business & Finance, Economics, Economic Development
Cover of the book Achieving Inclusive Growth in China Through Vertical Specialization by Wei Wang, Elsevier Science
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Author: Wei Wang ISBN: 9780081006283
Publisher: Elsevier Science Publication: March 17, 2016
Imprint: Chandos Publishing Language: English
Author: Wei Wang
ISBN: 9780081006283
Publisher: Elsevier Science
Publication: March 17, 2016
Imprint: Chandos Publishing
Language: English

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.

  • Argues that inclusive growth and vertical specialization analyses must be performed together
  • Gives quantitative evidence for the link between vertical specialization and inclusive growth in China
  • Investigates the different impact of conventional trade and processing trade on transition to inclusive growth in China, using comparative analysis techniques
  • Offers insight on forming future policy in China to increase inclusive growth
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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.

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