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China and Its New Position in the World Economy

  • Peter BalážEmail author
  • Stanislav Zábojník
  • Lukáš Harvánek
Chapter
  • 411 Downloads
Part of the Palgrave Macmillan Asian Business Series book series (PAMABS)

Abstract

The chapter points to the most important internal connections and changes in the international environment. These, under the pressure of globalisation, helped restore China’s economy. It highlights the impact of the oil shocks that have triggered both Japan and Asian “tigers,” and China, following the emergence of the crisis phenomena in Southeast Asia and the vast internal reforms. The whole process is explained as the effect of the theory of “flying geese.” Special industrial zones have played an important role in the recovery process, where foreign investors have made use of cheap labour and supportive government incentives to increase competitiveness in international markets.

Keywords

Competitiveness Crisis Economic growth Globalisation Japan Political reform 

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Copyright information

© The Author(s) 2020

Authors and Affiliations

  • Peter Baláž
    • 1
    Email author
  • Stanislav Zábojník
    • 1
  • Lukáš Harvánek
    • 2
  1. 1.Department of International TradeUniversity of Economics in BratislavaBratislavaSlovakia
  2. 2.Sberbank CZPraha 5Czech Republic

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