China´s Economy Transformation and the Role of FDI Cover Image

Transformácia čínskej ekonomiky a pozícia priamych zahraničných investícií
China´s Economy Transformation and the Role of FDI

Author(s): Peter Baláž
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: economic theory; flying gees pattern´ theory; foreign direct investment; China´ economy

Summary/Abstract: This article identifies developmental trajectory of changes which were undergone by the China economy during its transformation. Particular attention is paid to the impact of inflows and outflows of foreign direct investment (FDI) since their importance during this process was essential. It presents the views of leading experts on the economic direction of the country and points out the influence of the expansion of China on the international positions of other countries. Based on the theory of Flying Geese Pattern, presents a philosophy of strategic government actions aimed at strengthening the international position of Chinese economy as well as its ability to successfully adapt to external and internal consequences, including of undervalued domestic currency (CNY), resulting from the long-term financial crisis. The result of a rapid growth will deepen the general dependence of world economy on China. In a basal manner it will determine strategic intentions and development space of all world centers which will have to adapt to the new situation.

  • Issue Year: 62/2014
  • Issue No: 09
  • Page Range: 903-925
  • Page Count: 23
  • Language: Slovak