China's Export-led Growth Strategy:An International Comparison

作     者：Yingfeng Xu 

作者机构：Associate Professor Department of Economics University of Alberta Edmonton 

出 版 物：《China & World Economy》 (中国与世界经济（英文版）)

年 卷 期：2010年第18卷第4期

页      面：18-33页

核心收录：

学科分类：120301[管理学-农业经济管理] 12[管理学] 0202[经济学-应用经济学] 1203[管理学-农林经济管理] 1202[管理学-工商管理] 0201[经济学-理论经济学] 0701[理学-数学] 

主　　题：export led growth external imbalance income distribution industrialization 

摘      要：A pressing challenge for China is determining where to accommodate millions of migrant workers displaced by the closing of many export-oriented factories. The current global financial crisis＂ has exposed the fragility of the export-led growth strategy China has adopted over the past 30years. Is there a better alternative for providing non-agricultural jobs than the sweatshops of cheap export production？ In the present paper, international experience is reviewed to shed light on China＇s situation. Using pooled regression models, we analyze data from the World Bank for 209 economies. We investigate the experience of other economies to answer the following questions： What is the common process of expanding the nonagricultural economy？ How is that process affected by the level of the real exchange rate？ Is export production a common way of absorbing surplus rural labor？ Finally, what are the ways that domestic demand and service employment can be expanded？