Tag Archives | China
Economics, Finance, Governance

Will Financial Liberalization Trigger the First Crisis in the People’s Republic of China?

Will Financial Liberalization Trigger the First Crisis in the People’s Republic of China
The People’s Republic of China (PRC) has been liberalizing its financial system for nearly 4 decades. While it now has a comprehensive financial system with a large number of financial institutions and large financial assets, its financial policies are still highly repressive. These repressive financial policies are now a major hindrance to the PRC’s economic growth (Huang and Wang 2011).

Economics Economics, Environment, Trade

International outsourcing, environmental costs, and welfare

International outsourcing, environmental costs, and welfare
In recent decades, amid the increasing trend of globalization, it has become prevalent in world trade that firms in some countries outsource intermediate and/or finished goods or services from other firms in foreign countries for the purpose of lowering production costs and increasing production efficiency.