China'S Impact on the Global Economy: From China Price to China Standard

20 Pages Posted: 23 Sep 2007

See all articles by David Bach

David Bach

Instituto de Empresa Business School

Abraham Newman

Georgetown University

Steven Weber

University of California, Berkeley - International and Area Studies

Date Written: November 22, 2005

Abstract

China's entry into the global economy is universally accepted as a defining feature of this new century. Much debate has focused on the impact its economy is having on world market prices, both as producer and consumer. This 'China Price' effect puts tremendous pressure on Western firms. But China is not just competing on price. Supported by new regulatory institutions, it increasingly influences market rules and technology standards as well. Such Chinese efforts pose a direct challenge to Western competitiveness. While Western firms must adapt to the 'China Price', countering the 'China Standard' will require coordination with governments to formulate a countervailing regulatory agenda.

Keywords: China, Globalization, Regulatory Institutions, Business-Government

Suggested Citation

Bach, David and Newman, Abraham and Weber, Steven, China'S Impact on the Global Economy: From China Price to China Standard (November 22, 2005). Instituto de Empresa Business School Working Paper No. WP05-31, Available at SSRN: https://ssrn.com/abstract=1016361 or http://dx.doi.org/10.2139/ssrn.1016361

David Bach (Contact Author)

Instituto de Empresa Business School ( email )

Serrano 99
Madrid, 28006
Spain

Abraham Newman

Georgetown University ( email )

ICC 501
Washington, DC 20057
United States

Steven Weber

University of California, Berkeley - International and Area Studies ( email )

United States

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