The structure of the economy seems to have been reshaped for the post-1980 period with the decisions of January 24,1980 and the structural changes that followed.In the 1980s,which can be called the transition process ...The structure of the economy seems to have been reshaped for the post-1980 period with the decisions of January 24,1980 and the structural changes that followed.In the 1980s,which can be called the transition process to a Free-Market Economy and an open economy,on the one hand,the privatization of state institutions and the determination of the prices of goods and services in free market conditions were tried to be ensured in order to withdraw the state from economic life,on the other hand,it was tried to grant freedom to foreign trade and capital movements.While these two main issues were being realized,the import substitution industrialization strategy was abandoned and the export-led growth model was started to be implemented.The last step of this process of opening up and liberalization was realized with the decision numbered 32 in 1989.While the change in the economic structure was achieved through domestic borrowing in the 1980s,with the liberalization of capital movements in the 1990s,it was seen that economic growth and development were tried to be achieved with hot money inflows rather than foreign direct investments.This orientation made the economy more open to crises,and for the first time there was a crisis in the form of the 1994 economic crisis,which was understood to be caused by hot money.The 1994 economic crisis could only be overcome by giving government guarantees to bank deposits and issuing high-interest Treasury Bills.Even the new banking regulations could not prevent the emergence of similar new economic crises in the following years.Because,we can say that the economic crisis experienced in the 2000s brought about a political transformation along with creating great economic problems.展开更多
In this paper,the current status of export dependence of China's textile industry and affecting factors are evaluated.A cointegration test for world economy and China's export of textile and apparel is conduct...In this paper,the current status of export dependence of China's textile industry and affecting factors are evaluated.A cointegration test for world economy and China's export of textile and apparel is conducted which suggests that a long-term cointegration relationship exists between the growth rate of the world economy and that of China's export of textiles and apparel.The world economy will enter a period of low-speed growth,and the growth rate of China's textile and apparel exports will slow down accordingly.On the other hand,China's domestic expenditures on textiles and apparel are expected to maintain robust growth.According to the trends of exports and domestic demand,the export dependence of China's textile industry will go down with fluctuations.The conclusion is useful to evaluating the performance of the textile industry and making relevant policies.展开更多
China and some other Asian economies are the main providers of manufactured goods to the world. Similar geographical distribution, endowment structure and level of economic development mean that there is ferce competi...China and some other Asian economies are the main providers of manufactured goods to the world. Similar geographical distribution, endowment structure and level of economic development mean that there is ferce competition among Asian economies in the international market. In an effort to understand thoroughly the model of export competition of Asian economies, this paper breaks the trade flow data into the quantity, variety and quality. The main conclusions are as follows: First, the export competition of the Asian economies takes place at the several levels of quantity, quality and variety, and the competitive advantage of different countries and regions lies in different aspect," second, the variety and quality of exports are closely related to the economic development level; third, there are strong trade ties among the Asian economies competing in the world commodity market;fourth, bigger countries export more produets in terms of quantity;fifth, the change from quantity competition to quality and variety competition is the only way for China to achieve sustainable export growth.展开更多
Ever since the introduction of the Open Door Policy, the Pearl River Delta (PRD) has enjoyed very phenomenal export and economic growth. As a result, many scholars have tried to associate the two phenomena and describ...Ever since the introduction of the Open Door Policy, the Pearl River Delta (PRD) has enjoyed very phenomenal export and economic growth. As a result, many scholars have tried to associate the two phenomena and described the region as an,'export-oriented economy'.However, these studies, mostly based on the rapid export growth of the PRD and its status as the most important exporting area of the country,have not paid any heed to the actual export-orientation of the regional economy and, hence, cannot prove that the PRD has been a 'truly'export-oriented economy. in view of these shortcomings. the present paper attempts to re-examine the issue from the viewpoint of the PRD's local economy, at both the regional and county levels. The study period is from 1981 to 1990. Judging from the export-dependency indices and the relative importance of exports in accounting for the economic growth and industrialization of the PRD, this paper concludes that the region, though having signs of increasing export-orientation, cannot be categorized as a 'truly' export-oriented economy. In addition, it also shows that most of the 'evidences' or 'common beliefs' behind the notion of an export-oriented economy in the RD are illusionary, if not erroneous. Finally, the paper explores into the reasons behind the low export-orientation of the PRD and tries to sugyst some ways for boosting the export-orientation of the PRD and tries to suggest some ways for boosting the export-orientation of the region.展开更多
The Philippines was in the 1960s a model of development in Asia and second to Japan,but occupies presently only the 11th position under South-East and East Asian countries in terms of GDP-per capita.The article explor...The Philippines was in the 1960s a model of development in Asia and second to Japan,but occupies presently only the 11th position under South-East and East Asian countries in terms of GDP-per capita.The article explores why this important Asian country with a long colonial past and enormous economic potential still ranks under lower-income countries and has in the last decades let pass by many other Asian countries.In answering this question,the approach of external triggers for accelerated development is being applied.In stark contrast to the success stories of the strongly outward-looking Asian countries like the four Tigers,later of Thailand and Vietnam the Philippines never developed a vision of an open economy connecting pro-actively to the world markets.Trade is hampered by a non-competitive and highly protected national economy.The existing FDI is more oriented to the profitable local markets.Foreign debts were never effectively used and international tourism was never well promoted.Linking these failures to the existing power structures in the country,it seems very much that the backward forces like the big landowners,the local producers and industrialists never wanted and continue not to want to open up the economy to international competition and governments are complacent with these groups.Various indicators demonstrate the long-term decline of the Philippines:Among them the slow growth of the GDP and the continuously high poverty rates.As the alliance of big business and policy holds firm no change in the failing nationalistic economic model can be detected leaving the bleak outlook that the economic decline will continue.展开更多
文摘The structure of the economy seems to have been reshaped for the post-1980 period with the decisions of January 24,1980 and the structural changes that followed.In the 1980s,which can be called the transition process to a Free-Market Economy and an open economy,on the one hand,the privatization of state institutions and the determination of the prices of goods and services in free market conditions were tried to be ensured in order to withdraw the state from economic life,on the other hand,it was tried to grant freedom to foreign trade and capital movements.While these two main issues were being realized,the import substitution industrialization strategy was abandoned and the export-led growth model was started to be implemented.The last step of this process of opening up and liberalization was realized with the decision numbered 32 in 1989.While the change in the economic structure was achieved through domestic borrowing in the 1980s,with the liberalization of capital movements in the 1990s,it was seen that economic growth and development were tried to be achieved with hot money inflows rather than foreign direct investments.This orientation made the economy more open to crises,and for the first time there was a crisis in the form of the 1994 economic crisis,which was understood to be caused by hot money.The 1994 economic crisis could only be overcome by giving government guarantees to bank deposits and issuing high-interest Treasury Bills.Even the new banking regulations could not prevent the emergence of similar new economic crises in the following years.Because,we can say that the economic crisis experienced in the 2000s brought about a political transformation along with creating great economic problems.
文摘In this paper,the current status of export dependence of China's textile industry and affecting factors are evaluated.A cointegration test for world economy and China's export of textile and apparel is conducted which suggests that a long-term cointegration relationship exists between the growth rate of the world economy and that of China's export of textiles and apparel.The world economy will enter a period of low-speed growth,and the growth rate of China's textile and apparel exports will slow down accordingly.On the other hand,China's domestic expenditures on textiles and apparel are expected to maintain robust growth.According to the trends of exports and domestic demand,the export dependence of China's textile industry will go down with fluctuations.The conclusion is useful to evaluating the performance of the textile industry and making relevant policies.
基金Financial support from Young Scientists Fund of National Natural Science Foundation of China (Grant No. 71003107), and Special Fund of Fundamental Scientific Research for Central Government-Supervised Higher Education Institutions, is gratefully acknowledged.
文摘China and some other Asian economies are the main providers of manufactured goods to the world. Similar geographical distribution, endowment structure and level of economic development mean that there is ferce competition among Asian economies in the international market. In an effort to understand thoroughly the model of export competition of Asian economies, this paper breaks the trade flow data into the quantity, variety and quality. The main conclusions are as follows: First, the export competition of the Asian economies takes place at the several levels of quantity, quality and variety, and the competitive advantage of different countries and regions lies in different aspect," second, the variety and quality of exports are closely related to the economic development level; third, there are strong trade ties among the Asian economies competing in the world commodity market;fourth, bigger countries export more produets in terms of quantity;fifth, the change from quantity competition to quality and variety competition is the only way for China to achieve sustainable export growth.
文摘Ever since the introduction of the Open Door Policy, the Pearl River Delta (PRD) has enjoyed very phenomenal export and economic growth. As a result, many scholars have tried to associate the two phenomena and described the region as an,'export-oriented economy'.However, these studies, mostly based on the rapid export growth of the PRD and its status as the most important exporting area of the country,have not paid any heed to the actual export-orientation of the regional economy and, hence, cannot prove that the PRD has been a 'truly'export-oriented economy. in view of these shortcomings. the present paper attempts to re-examine the issue from the viewpoint of the PRD's local economy, at both the regional and county levels. The study period is from 1981 to 1990. Judging from the export-dependency indices and the relative importance of exports in accounting for the economic growth and industrialization of the PRD, this paper concludes that the region, though having signs of increasing export-orientation, cannot be categorized as a 'truly' export-oriented economy. In addition, it also shows that most of the 'evidences' or 'common beliefs' behind the notion of an export-oriented economy in the RD are illusionary, if not erroneous. Finally, the paper explores into the reasons behind the low export-orientation of the PRD and tries to sugyst some ways for boosting the export-orientation of the PRD and tries to suggest some ways for boosting the export-orientation of the region.
文摘The Philippines was in the 1960s a model of development in Asia and second to Japan,but occupies presently only the 11th position under South-East and East Asian countries in terms of GDP-per capita.The article explores why this important Asian country with a long colonial past and enormous economic potential still ranks under lower-income countries and has in the last decades let pass by many other Asian countries.In answering this question,the approach of external triggers for accelerated development is being applied.In stark contrast to the success stories of the strongly outward-looking Asian countries like the four Tigers,later of Thailand and Vietnam the Philippines never developed a vision of an open economy connecting pro-actively to the world markets.Trade is hampered by a non-competitive and highly protected national economy.The existing FDI is more oriented to the profitable local markets.Foreign debts were never effectively used and international tourism was never well promoted.Linking these failures to the existing power structures in the country,it seems very much that the backward forces like the big landowners,the local producers and industrialists never wanted and continue not to want to open up the economy to international competition and governments are complacent with these groups.Various indicators demonstrate the long-term decline of the Philippines:Among them the slow growth of the GDP and the continuously high poverty rates.As the alliance of big business and policy holds firm no change in the failing nationalistic economic model can be detected leaving the bleak outlook that the economic decline will continue.