Foreign Direct Investment in China: Some Lessons for Other Countries

Business & Finance, Economics, Money & Monetary Policy, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Foreign Direct Investment in China: Some Lessons for Other Countries by Harm Mr. Zebregs, Wanda Ms. Tseng, INTERNATIONAL MONETARY FUND
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Author: Harm Mr. Zebregs, Wanda Ms. Tseng ISBN: 9781455235667
Publisher: INTERNATIONAL MONETARY FUND Publication: February 1, 2002
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Harm Mr. Zebregs, Wanda Ms. Tseng
ISBN: 9781455235667
Publisher: INTERNATIONAL MONETARY FUND
Publication: February 1, 2002
Imprint: INTERNATIONAL MONETARY FUND
Language: English
China's increasing openness to foreign direct investment (FDI) has contributed importantly to its exceptional growth performance. This paper examines China's experience with FDI and identifies some lessons for other countries. Most of the factors explaining China's success have also been important in attracting FDI to other countries: market size, labor costs, quality of infrastructure, and government policies. FDI has contributed to higher investment and productivity growth, and has created jobs and a dynamic export sector. China's success, however, did not come without some pitfalls: an increasingly complex tax incentive system and growing regional income disparities. Accession to the WTO should broaden China's "opening up" policies and continue FDI's contributions to China's economy in the future.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
China's increasing openness to foreign direct investment (FDI) has contributed importantly to its exceptional growth performance. This paper examines China's experience with FDI and identifies some lessons for other countries. Most of the factors explaining China's success have also been important in attracting FDI to other countries: market size, labor costs, quality of infrastructure, and government policies. FDI has contributed to higher investment and productivity growth, and has created jobs and a dynamic export sector. China's success, however, did not come without some pitfalls: an increasingly complex tax incentive system and growing regional income disparities. Accession to the WTO should broaden China's "opening up" policies and continue FDI's contributions to China's economy in the future.

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