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WTO Accession and Socio-Economic Development in China

Edited by Parikshit Basu and Yapa Bandara, Charles Sturt University, Australia

 - includes contributions from Australian and Chinese scholars and thus, brings together ideas and suggestions from a broad range of perspectives
 - analyses China’s socio-economic challenges from a multi-dimensional focus
 - a very useful reference in WTO issues in general and China in particular

This book reviews how China’s accession to the WTO has impacted upon its education, environment, economic and social outcomes in recent years. It has been argued that China’s rapid growth in output and exports and subsequent accession to WTO has significantly increased income and therefore the well-being of the Chinese population. However, doubts are now being raised that higher income is generated at the cost of deteriorating environmental and social standards which has increasingly affected the health of the Chinese people, especially those who live in major industrial cities. Also, there is a widespread perception that its accession to WTO has significantly increased social shocks, especially among the farming community, and contributed to poor health outcomes among the rural population. These issues are critically analysed in this book by experienced academics from China and Australia.

ISBN 1 84334 547 1
ISBN-13: 978 1 84334 547 3
June 2009
234 pages  234 x 156mm  hardback  
£65.00 / US$110.00 / €80.00

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About the editors

Editors of this volume are senior academics from Charles Sturt University, Australia. Dr Parikshit Basu is an experienced researcher in applied economics and finance. He has special interest in China and completed a number of research projects on China’s business relationship with Australia. In addition, his research areas include financial globalisation, capital markets in emerging economies, and regional labour market. He has edited two books and has extensive publications in international journals. Dr Yapa Bandara is an economist who has researched on a wide range of economic issues in China, Sri Lanka and Australia.

Contents

EDUCATION, ENVIRONMENT AND SERVICES
FINANCE AND ACCOUNTING
SOCIO-ECONOMIC IMPACTS

Introduction: Socio-economic development in China – WTO accession and related issues
Parikshit K Basu and Yapa M W Y Bandara

EDUCATION, ENVIRONMENT AND SERVICES

Reform of China’s economic system with WTO accession and its impact on tertiary education
Shi Yutian and Yu Ping

The relationship between economic globalization and higher education internationalization in China
Kou Xiaoxuan, Zhu Hong, Liu Lijun and Yue Jibo

Green strategies for enhancing economic growth and ecological sustainability in Xinjiang province in China
Fenghua Zhang, Munir A Hanjra, Yong Hui and Shahbaz Khan

Services in China: Prospects for growth and implications for Australia
John Hicks, Richard Sappey and Parikshit K Basu

FINANCE AND ACCOUNTING

Trend and pattern of Foreign Direct Investment in China’s economic boom
Nihau Jiang, Wang Li-ping and Kishor Sharma

FDI Spillovers - the strategy for Chinese economic development
Wang Wei and Yapa M W Y Bandara

The convergence of International Financial Reporting Standards in China: A view on the influence of political ideology on Chinese accounting profession
Zhang Ying, Jane Andrew and Henry W. Collier

Accounting standards development in China
Xuan Qi and Chris Deeley

SOCIO-ECONOMIC IMPACTS

Socio-cultural challenges to economic growth in China – looking ahead
Parikshit K Basu, John Hicks and Richard Sappey

Community development in China: problems and prospects
Manohar Pawar

Concluding remarks
Parikshit K Basu and Yapa M W Y Bandara