Local investment climates and competition among cities

David Dollar

in The Oxford Companion to the Economics of China

Published in print October 2014 | ISBN: 9780199678204
Published online December 2014 | e-ISBN: 9780191788635 | DOI:
Local investment climates and competition among cities

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This chapter discusses the opening up of Chinese cities to foreign investment and trade during the reform period. Under the planned economy China was largely cut off from global trade and investment, but the encouragement of autonomy for the major cities, investment in local economic infrastructure, and China’s huge labour resource have been key aspects of China’s reform and its resulting success in achieving investment and growth. This system also contributes to some of the key challenges facing China, including environmental degradation, rising inequality, lack of innovation, and government corruption.

Keywords: Chinese economy; macroeconomic policy; economic reform; foreign investment; trade; local autonomy

Chapter.  1955 words. 

Subjects: Business and Management

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