Book contents
- African Perspectives on Trade and the WTO
- African Perspectives on Trade and the WTO
- Copyright page
- Contents
- Figures
- Plates
- Contributors
- Message
- Joint Foreword
- Book part
- Glossary
- Disclaimer
- 1 Introduction and Overview
- Part I The Future of the Multilateral Trading System: Perspectives from African Policy-Makers and Partners
- Part II Africa’s Participation in the Rules-Based Multilateral Trading System
- Part III Selected Development Experiences and Perspectives
- 15 Trade Rules, Industrial Policy and Competitiveness: Implications for Africa’s Development
- 16 WTO Accession Reforms and Competitiveness – Lessons for Africa
- 17 Driving Economic Growth through Trade Policy Reforms and Investment Attraction in the Open World Economy: The Experience of China
- 18 Conclusions
- Book part
- Index
- Plate Section (PDF Only)
- Book part
- References
17 - Driving Economic Growth through Trade Policy Reforms and Investment Attraction in the Open World Economy: The Experience of China
from Part III - Selected Development Experiences and Perspectives
Published online by Cambridge University Press: 27 October 2016
- African Perspectives on Trade and the WTO
- African Perspectives on Trade and the WTO
- Copyright page
- Contents
- Figures
- Plates
- Contributors
- Message
- Joint Foreword
- Book part
- Glossary
- Disclaimer
- 1 Introduction and Overview
- Part I The Future of the Multilateral Trading System: Perspectives from African Policy-Makers and Partners
- Part II Africa’s Participation in the Rules-Based Multilateral Trading System
- Part III Selected Development Experiences and Perspectives
- 15 Trade Rules, Industrial Policy and Competitiveness: Implications for Africa’s Development
- 16 WTO Accession Reforms and Competitiveness – Lessons for Africa
- 17 Driving Economic Growth through Trade Policy Reforms and Investment Attraction in the Open World Economy: The Experience of China
- 18 Conclusions
- Book part
- Index
- Plate Section (PDF Only)
- Book part
- References
Summary
China achieved a great leap forward in its economic development in the last thirty years, supported by profound trade policy reforms, significant infrastructure investment and utilization of foreign capital, under the overarching state policy of reform and opening-up. Shares of manufactures and services in production have kept increasing, and remarkable export performance has been scored during this period. Additions of labour and capital, as well as competitive costs have largely shaped the economy’s comparative advantages up to now, and they are likely to be replaced by increasing domestic consumption, productivity growth and a greater reliance on services as the main factors sustaining future economic growth, albeit at a slower pace. Nonetheless, opening-up and domestic policy reforms, going hand-in-hand, will continue to play a critical role. The question that this paper addresses from China’s perspective may serve as a reference for the African economies seeking to establish a strong manufacturing base, and to realise economic take-off with the help of a clear opening-up strategy and a proper trade policy toolkit.
- Type
- Chapter
- Information
- African Perspectives on Trade and the WTODomestic Reforms, Structural Transformation and Global Economic Integration, pp. 406 - 437Publisher: Cambridge University PressPrint publication year: 2016