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China, Asia, and the New World Economy
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China, Asia, and the New World Economy

Barry Eichengreen, Yung Chul Park, and Charles Wyplosz

Abstract

The rise of Asia, and China specifically, is the single most important force reshaping the world economy at the beginning of the 21st century. From a low of 20% in 1950, Asia's share of global GDP has now risen to 33% and will exceed 40% within a generation if current forecasts are realized. Asia's growing weight in the world economy is elevating it to a central position in global economic and financial affairs. The potential global impact of this astonishing growth is far reaching, from oil markets and the environment to a reshaping of trade relations in the current multilateral system domina ... More

Keywords: world economy, global GDP, oil markets, environment, trade relations, WTO, rapid growth, trade, macroeconomic policy, environmental policy

Bibliographic Information

Print publication date: 2008 Print ISBN-13: 9780199235889
Published to Oxford Scholarship Online: May 2008 DOI:10.1093/acprof:oso/9780199235889.001.0001

Authors

Affiliations are at time of print publication.

Barry Eichengreen, editor
George C. Pardee and Helen N. Pardee Professor of Economics and Political Science University of California, Berkeley
Author Webpage

Yung Chul Park, editor
Research Professor, Graduate School of International Studies, Seoul National University

Charles Wyplosz, editor
Professor, Graduate Institute of International Studies, Geneva
Author Webpage

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