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The role of the Chinese economy in the world economy: A U.S. perspective
- Source :
- China Economic Review. 40:281-285
- Publication Year :
- 2016
- Publisher :
- Elsevier BV, 2016.
-
Abstract
- In this paper I first review the amazing progress that free market economic reforms have brought to the Chinese people after years of central control and suppression of markets. Thanks to greater economic freedom, economic growth increased sharply and hundreds of millions of people have been removed from poverty. By all accounts, however, economic freedom in China has a long way to go. The U.S. perspective should be that these market reforms continue. These further reforms toward economic freedom and economic growth in China will be beneficial to the United States. Such reforms would include a greater transparency about the monetary policy strategies, more openness of the capital accounts and less exchange rate and stock market intervention. Such economic reforms should be welcomed and encouraged by the United States and other countries.
- Subjects :
- Economics and Econometrics
Economic expansion
Economic policy
business.industry
05 social sciences
International trade
Capital account
Economic freedom
Exchange rate
World economy
0502 economics and business
Economics
Stock market
050207 economics
Free market
business
China
Finance
050205 econometrics
Subjects
Details
- ISSN :
- 1043951X
- Volume :
- 40
- Database :
- OpenAIRE
- Journal :
- China Economic Review
- Accession number :
- edsair.doi...........84978cab31becafcb0a5fb2747b0714c