Publication Type
Working Paper
Version
publishedVersion
Publication Date
3-2004
Abstract
This paper evaluates factors responsible for the competitiveness of China in the world economy and relative to its East Asian rivals. China has been highly successful in capturing world export markets. Chinese competitiveness is not just a matter of an undervalued exchange and extremely low labor costs. It reflects primarily the coincidence of favorable cost conditions with improvements in China’s ability to produce products that meet world market specifications. These improvements are closely related to foreign participation in China’s economy through foreign direct investment and joint venture enterprises.
Keywords
China exports, comparative advantage, competitiveness, purchasing power parity, exchange rate, undervaluation, international comparisons, foreign direct investment, joint ventures
Discipline
Asian Studies | Economics | International Economics
Research Areas
Applied Microeconomics
Volume
07-2004
First Page
1
Last Page
33
Publisher
SMU Economics and Statistics Working Paper Series, No. 07-2004
City or Country
Singapore
Citation
ADAMS, F. Gerard; Gangnes, Byron; and Shachmurove, Yochanan.
Why Is China So Competitive? Measuring and Explaining China's Competitiveness. (2004). 07-2004, 1-33.
Available at: https://ink.library.smu.edu.sg/soe_research/782
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.