A Changing China : Implications for Developing Countries
Three decades of rapid growth and structural change have transformed China into an upper-middle-income country and global economic powerhouse. China's transformations over this period wielded increasing influence over the development path of o...
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| Format: | Brief |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/05/17747448/changing-china-implications-developing-countries http://hdl.handle.net/10986/16115 |
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okr-10986-16115 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
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ACCOUNTABILITY ACCOUNTING ACCUMULATION OF RESERVES AGGREGATE DEMAND ARBITRAGE ASSET PRICE ASSET PRICE BOOMS ASSET PRICES ASSETS ASYMMETRIC INFORMATION BALANCE SHEET BALANCE SHEETS BANK FOR INTERNATIONAL SETTLEMENTS BANKING CRISES BANKING CRISIS BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BONDS BORROWER BUFFER BUFFERS BUSINESS CYCLES CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL CONTROLS CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOW CAPITAL INFLOWS CAPITAL RATIOS CAPITAL STANDARDS CAPITALIZATION CASH TRANSFERS CENTRAL BANK CENTRAL BANKING CENTRAL BANKS COLLATERAL CONSOLIDATION CORNER SOLUTION CORNER SOLUTIONS CREDIT EXPANSION CREDIT GROWTH CREDIT LINE CREDIT SPREADS CROSS-BORDER CAPITAL CURRENCY CURRENCY MISMATCHES CURRENT ACCOUNT CURRENT ACCOUNT BALANCES CURRENT ACCOUNT SURPLUS DEBT DEPOSITORS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISCRETIONARY MONETARY POLICY DISEQUILIBRIUM DISINTERMEDIATION DISTORTIONS DOMESTIC CREDIT DOMESTIC CREDIT GROWTH ECONOMIC ENVIRONMENT ECONOMIC OUTLOOK ECONOMIC RESEARCH ELASTICITY EMERGING ECONOMIES EMERGING MARKETS EQUILIBRIUM EQUILIBRIUM VALUE EQUITIES EXCHANGE RATE EXCHANGE RATE APPRECIATION EXCHANGE RATE FLEXIBILITY EXCHANGE RATE FLUCTUATIONS EXCHANGE RATE INTERVENTIONS EXCHANGE RATE MANAGEMENT EXCHANGE RATE REGIME EXCHANGE RATE REGIMES EXCHANGE RATES EXCHANGE-RATE EXOGENOUS SHOCKS EXPOSURE EXTERNALITIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEVELOPMENTS FINANCIAL INSTABILITY FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEMS FINANCIAL VULNERABILITIES FISCAL IMBALANCE FISCAL POLICY FLEXIBLE EXCHANGE RATES FOREIGN CAPITAL FOREIGN CURRENCY FUNGIBLE GDP GLOBAL BANKING GLOBAL FINANCIAL SYSTEM GLOBALIZATION GROSS DOMESTIC PRODUCT HOUSING HUMAN CAPITAL IMBALANCES INCENTIVE STRUCTURE INDIVIDUAL FIRMS INFLATION INFLATION TARGETING INFLOWS OF CAPITAL INSTRUMENT INTEREST RATE INTEREST RATE HIKES INTERNATIONAL ECONOMIC POLICY INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL SETTLEMENTS LEADING INDICATORS LEVERAGE LIQUIDITY LIQUIDITY REQUIREMENTS LIQUIDITY RISKS LOAN LONG-TERM EQUILIBRIUM MACROECONOMIC EFFECTS MACROECONOMIC FLUCTUATIONS MACROECONOMIC MODEL MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MARKET EUPHORIA MARKET FAILURES MARKET TRENDS MATURITY MINIMUM CAPITAL REQUIREMENT MINIMUM CAPITAL REQUIREMENTS MONETARY AUTONOMY MONETARY FUND MONETARY POLICIES MONETARY POLICY MONETARY POLICY DECISIONS MONETARY TRANSMISSION MONETARY TRANSMISSION MECHANISMS NATIONAL ECONOMIES NATURAL RESOURCES NEGATIVE EXTERNALITIES NET CAPITAL OPTIMIZATION OUTPUT OUTPUT GAP OUTPUT GAPS PERMANENT SHOCKS POLICY RESPONSES PORTFOLIO PORTFOLIOS POVERTY REDUCTION PRICE FLUCTUATIONS PRICE VOLATILITY PROBABILITY OF DEFAULT PRODUCTIVITY PROVISIONING RULES PRUDENTIAL REGULATION REAL ESTATE REAL EXCHANGE RATES REGULATORS REGULATORY FRAMEWORK REGULATORY REFORMS REGULATORY STANDARDS RESERVE RESERVE REQUIREMENTS RISK MANAGEMENT RISK MEASUREMENT RISK TAKING SHORT-TERM INTEREST RATE SHORT-TERM INTEREST RATES SIDE EFFECTS SOCIAL COSTS STABLE INFLATION STRUCTURAL SHOCKS SURCHARGES SYSTEMIC RISK TEMPORARY CAPITAL INFLOWS TERMS OF CAPITAL TRANSACTION TRANSACTION COSTS TRANSMISSION MECHANISMS UNCERTAINTY YIELD CURVE |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ACCUMULATION OF RESERVES AGGREGATE DEMAND ARBITRAGE ASSET PRICE ASSET PRICE BOOMS ASSET PRICES ASSETS ASYMMETRIC INFORMATION BALANCE SHEET BALANCE SHEETS BANK FOR INTERNATIONAL SETTLEMENTS BANKING CRISES BANKING CRISIS BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BONDS BORROWER BUFFER BUFFERS BUSINESS CYCLES CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL CONTROLS CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOW CAPITAL INFLOWS CAPITAL RATIOS CAPITAL STANDARDS CAPITALIZATION CASH TRANSFERS CENTRAL BANK CENTRAL BANKING CENTRAL BANKS COLLATERAL CONSOLIDATION CORNER SOLUTION CORNER SOLUTIONS CREDIT EXPANSION CREDIT GROWTH CREDIT LINE CREDIT SPREADS CROSS-BORDER CAPITAL CURRENCY CURRENCY MISMATCHES CURRENT ACCOUNT CURRENT ACCOUNT BALANCES CURRENT ACCOUNT SURPLUS DEBT DEPOSITORS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISCRETIONARY MONETARY POLICY DISEQUILIBRIUM DISINTERMEDIATION DISTORTIONS DOMESTIC CREDIT DOMESTIC CREDIT GROWTH ECONOMIC ENVIRONMENT ECONOMIC OUTLOOK ECONOMIC RESEARCH ELASTICITY EMERGING ECONOMIES EMERGING MARKETS EQUILIBRIUM EQUILIBRIUM VALUE EQUITIES EXCHANGE RATE EXCHANGE RATE APPRECIATION EXCHANGE RATE FLEXIBILITY EXCHANGE RATE FLUCTUATIONS EXCHANGE RATE INTERVENTIONS EXCHANGE RATE MANAGEMENT EXCHANGE RATE REGIME EXCHANGE RATE REGIMES EXCHANGE RATES EXCHANGE-RATE EXOGENOUS SHOCKS EXPOSURE EXTERNALITIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEVELOPMENTS FINANCIAL INSTABILITY FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEMS FINANCIAL VULNERABILITIES FISCAL IMBALANCE FISCAL POLICY FLEXIBLE EXCHANGE RATES FOREIGN CAPITAL FOREIGN CURRENCY FUNGIBLE GDP GLOBAL BANKING GLOBAL FINANCIAL SYSTEM GLOBALIZATION GROSS DOMESTIC PRODUCT HOUSING HUMAN CAPITAL IMBALANCES INCENTIVE STRUCTURE INDIVIDUAL FIRMS INFLATION INFLATION TARGETING INFLOWS OF CAPITAL INSTRUMENT INTEREST RATE INTEREST RATE HIKES INTERNATIONAL ECONOMIC POLICY INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL SETTLEMENTS LEADING INDICATORS LEVERAGE LIQUIDITY LIQUIDITY REQUIREMENTS LIQUIDITY RISKS LOAN LONG-TERM EQUILIBRIUM MACROECONOMIC EFFECTS MACROECONOMIC FLUCTUATIONS MACROECONOMIC MODEL MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MARKET EUPHORIA MARKET FAILURES MARKET TRENDS MATURITY MINIMUM CAPITAL REQUIREMENT MINIMUM CAPITAL REQUIREMENTS MONETARY AUTONOMY MONETARY FUND MONETARY POLICIES MONETARY POLICY MONETARY POLICY DECISIONS MONETARY TRANSMISSION MONETARY TRANSMISSION MECHANISMS NATIONAL ECONOMIES NATURAL RESOURCES NEGATIVE EXTERNALITIES NET CAPITAL OPTIMIZATION OUTPUT OUTPUT GAP OUTPUT GAPS PERMANENT SHOCKS POLICY RESPONSES PORTFOLIO PORTFOLIOS POVERTY REDUCTION PRICE FLUCTUATIONS PRICE VOLATILITY PROBABILITY OF DEFAULT PRODUCTIVITY PROVISIONING RULES PRUDENTIAL REGULATION REAL ESTATE REAL EXCHANGE RATES REGULATORS REGULATORY FRAMEWORK REGULATORY REFORMS REGULATORY STANDARDS RESERVE RESERVE REQUIREMENTS RISK MANAGEMENT RISK MEASUREMENT RISK TAKING SHORT-TERM INTEREST RATE SHORT-TERM INTEREST RATES SIDE EFFECTS SOCIAL COSTS STABLE INFLATION STRUCTURAL SHOCKS SURCHARGES SYSTEMIC RISK TEMPORARY CAPITAL INFLOWS TERMS OF CAPITAL TRANSACTION TRANSACTION COSTS TRANSMISSION MECHANISMS UNCERTAINTY YIELD CURVE Schellekens, Philip A Changing China : Implications for Developing Countries |
| geographic_facet |
East Asia and Pacific China |
| relation |
Economic Premise;No. 114 |
| description |
Three decades of rapid growth and
structural change have transformed China into an
upper-middle-income country and global economic powerhouse.
China's transformations over this period wielded
increasing influence over the development path of other
countries, either directly through bilateral trade and
financial flows or indirectly through growth spillovers and
terms of trade effects. Looking ahead, as China embarks on a
new phase in its development journey, a phase characterized
by slower but higher-quality growth, the economic landscape
facing the developing world is expected to be redefined yet
again. As China changes, so will its interactions with the
outside world. China is expected to remain both a market and
a competitor, but its changes are likely to lead to new
opportunities for many and new challenges for some. Key
questions in this respect are: (i) how will the level and
composition of China's import demand evolve as its
economy slows and rebalances; (ii) to what extent will the
presumed out-migration of labor-intensive manufacturing
materialize and create new opportunities elsewhere; and
(iii) how quickly will China move up the value chain and
redefine its competitive advantage in the global
marketplace? How these uncertain long-term developments
affect individual countries will depend on differences in
total supply chain costs, resource availability, and
innovation capability. As in the past, China's
transformations are expected to put formidable pressure on
countries to adapt and reform, requiring both political will
and entrepreneurial capacity, in a collective race where
success will be measured against a rapidly moving frontier. |
| format |
Publications & Research :: Brief |
| author |
Schellekens, Philip |
| author_facet |
Schellekens, Philip |
| author_sort |
Schellekens, Philip |
| title |
A Changing China : Implications for Developing Countries |
| title_short |
A Changing China : Implications for Developing Countries |
| title_full |
A Changing China : Implications for Developing Countries |
| title_fullStr |
A Changing China : Implications for Developing Countries |
| title_full_unstemmed |
A Changing China : Implications for Developing Countries |
| title_sort |
changing china : implications for developing countries |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/05/17747448/changing-china-implications-developing-countries http://hdl.handle.net/10986/16115 |
| _version_ |
1764432179630178304 |
| spelling |
okr-10986-161152021-04-23T14:03:27Z A Changing China : Implications for Developing Countries Schellekens, Philip ACCOUNTABILITY ACCOUNTING ACCUMULATION OF RESERVES AGGREGATE DEMAND ARBITRAGE ASSET PRICE ASSET PRICE BOOMS ASSET PRICES ASSETS ASYMMETRIC INFORMATION BALANCE SHEET BALANCE SHEETS BANK FOR INTERNATIONAL SETTLEMENTS BANKING CRISES BANKING CRISIS BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BONDS BORROWER BUFFER BUFFERS BUSINESS CYCLES CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL CONTROLS CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOW CAPITAL INFLOWS CAPITAL RATIOS CAPITAL STANDARDS CAPITALIZATION CASH TRANSFERS CENTRAL BANK CENTRAL BANKING CENTRAL BANKS COLLATERAL CONSOLIDATION CORNER SOLUTION CORNER SOLUTIONS CREDIT EXPANSION CREDIT GROWTH CREDIT LINE CREDIT SPREADS CROSS-BORDER CAPITAL CURRENCY CURRENCY MISMATCHES CURRENT ACCOUNT CURRENT ACCOUNT BALANCES CURRENT ACCOUNT SURPLUS DEBT DEPOSITORS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISCRETIONARY MONETARY POLICY DISEQUILIBRIUM DISINTERMEDIATION DISTORTIONS DOMESTIC CREDIT DOMESTIC CREDIT GROWTH ECONOMIC ENVIRONMENT ECONOMIC OUTLOOK ECONOMIC RESEARCH ELASTICITY EMERGING ECONOMIES EMERGING MARKETS EQUILIBRIUM EQUILIBRIUM VALUE EQUITIES EXCHANGE RATE EXCHANGE RATE APPRECIATION EXCHANGE RATE FLEXIBILITY EXCHANGE RATE FLUCTUATIONS EXCHANGE RATE INTERVENTIONS EXCHANGE RATE MANAGEMENT EXCHANGE RATE REGIME EXCHANGE RATE REGIMES EXCHANGE RATES EXCHANGE-RATE EXOGENOUS SHOCKS EXPOSURE EXTERNALITIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEVELOPMENTS FINANCIAL INSTABILITY FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEMS FINANCIAL VULNERABILITIES FISCAL IMBALANCE FISCAL POLICY FLEXIBLE EXCHANGE RATES FOREIGN CAPITAL FOREIGN CURRENCY FUNGIBLE GDP GLOBAL BANKING GLOBAL FINANCIAL SYSTEM GLOBALIZATION GROSS DOMESTIC PRODUCT HOUSING HUMAN CAPITAL IMBALANCES INCENTIVE STRUCTURE INDIVIDUAL FIRMS INFLATION INFLATION TARGETING INFLOWS OF CAPITAL INSTRUMENT INTEREST RATE INTEREST RATE HIKES INTERNATIONAL ECONOMIC POLICY INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL SETTLEMENTS LEADING INDICATORS LEVERAGE LIQUIDITY LIQUIDITY REQUIREMENTS LIQUIDITY RISKS LOAN LONG-TERM EQUILIBRIUM MACROECONOMIC EFFECTS MACROECONOMIC FLUCTUATIONS MACROECONOMIC MODEL MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MARKET EUPHORIA MARKET FAILURES MARKET TRENDS MATURITY MINIMUM CAPITAL REQUIREMENT MINIMUM CAPITAL REQUIREMENTS MONETARY AUTONOMY MONETARY FUND MONETARY POLICIES MONETARY POLICY MONETARY POLICY DECISIONS MONETARY TRANSMISSION MONETARY TRANSMISSION MECHANISMS NATIONAL ECONOMIES NATURAL RESOURCES NEGATIVE EXTERNALITIES NET CAPITAL OPTIMIZATION OUTPUT OUTPUT GAP OUTPUT GAPS PERMANENT SHOCKS POLICY RESPONSES PORTFOLIO PORTFOLIOS POVERTY REDUCTION PRICE FLUCTUATIONS PRICE VOLATILITY PROBABILITY OF DEFAULT PRODUCTIVITY PROVISIONING RULES PRUDENTIAL REGULATION REAL ESTATE REAL EXCHANGE RATES REGULATORS REGULATORY FRAMEWORK REGULATORY REFORMS REGULATORY STANDARDS RESERVE RESERVE REQUIREMENTS RISK MANAGEMENT RISK MEASUREMENT RISK TAKING SHORT-TERM INTEREST RATE SHORT-TERM INTEREST RATES SIDE EFFECTS SOCIAL COSTS STABLE INFLATION STRUCTURAL SHOCKS SURCHARGES SYSTEMIC RISK TEMPORARY CAPITAL INFLOWS TERMS OF CAPITAL TRANSACTION TRANSACTION COSTS TRANSMISSION MECHANISMS UNCERTAINTY YIELD CURVE Three decades of rapid growth and structural change have transformed China into an upper-middle-income country and global economic powerhouse. China's transformations over this period wielded increasing influence over the development path of other countries, either directly through bilateral trade and financial flows or indirectly through growth spillovers and terms of trade effects. Looking ahead, as China embarks on a new phase in its development journey, a phase characterized by slower but higher-quality growth, the economic landscape facing the developing world is expected to be redefined yet again. As China changes, so will its interactions with the outside world. China is expected to remain both a market and a competitor, but its changes are likely to lead to new opportunities for many and new challenges for some. Key questions in this respect are: (i) how will the level and composition of China's import demand evolve as its economy slows and rebalances; (ii) to what extent will the presumed out-migration of labor-intensive manufacturing materialize and create new opportunities elsewhere; and (iii) how quickly will China move up the value chain and redefine its competitive advantage in the global marketplace? How these uncertain long-term developments affect individual countries will depend on differences in total supply chain costs, resource availability, and innovation capability. As in the past, China's transformations are expected to put formidable pressure on countries to adapt and reform, requiring both political will and entrepreneurial capacity, in a collective race where success will be measured against a rapidly moving frontier. 2013-10-10T20:48:52Z 2013-10-10T20:48:52Z 2013-05 http://documents.worldbank.org/curated/en/2013/05/17747448/changing-china-implications-developing-countries http://hdl.handle.net/10986/16115 English en_US Economic Premise;No. 114 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research East Asia and Pacific China |