Market Integration in the People’s Republic of China
22 Pages Posted: 23 Jun 2011
Date Written: June 2011
Abstract
Over the last 3 decades, the product, labor, and capital markets of the People’s Republic of China have become gradually more integrated within its borders, though integration has been significantly slower for capital markets. There remains a significant urban-rural divide, and cities in the PRC tend to be undersized by international standards. The PRC has also integrated globally, initially through its special economic zones on the coast as launching grounds to connect with world markets, and subsequently through the PRC’s accession to the World Trade Organization. For future policy considerations, we argue that its economic production needs to be spatially concentrated, and its social services need to be spread out to the interior to ensure harmonious development and domestic integration, through inclusive rural-urban transformations and effective territorial development.
Keywords: market integration, economic cooperation, domestic integration, labor
JEL Classification: F2, L1, J4, H7, O1, O5, P5, R1
Suggested Citation: Suggested Citation
Here is the Coronavirus
related research on SSRN
Recommended Papers
-
Politician Control, Agency Problems, and Ownership Reform: Evidence from China
By Lixin Colin Xu, Tian Zhu, ...
-
Politician Control, Agency Problems and Ownership Reform: Evidence from China
By Lixin Colin Xu, Tian Zhu, ...
-
Asymmetric Property Rights in China's Economic Growth
By Xiaobo Zhang
-
By Xiao-yuan Dong and Lixin Colin Xu
-
By Xiao-yuan Dong and Lixin Colin Xu
-
Institutions and Foreign Direct Investment: China Versus the Rest of the World
By Joseph P. H. Fan, Randall Morck, ...
-
By Johannes Moenius and Daniel Berkowitz
-
Integration of Rice Markets: The Case of Southern China
By Z. Y. Zhou, G. H. Wan, ...
