China, the United States, and the Global Economy

by Shuxun Chen, Charles Wolf, Jr.


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Chinese and American scholars and practitioners presented papers at the second of four annual conferences organized by RAND in Santa Monica, and the China Reform Forum (CRF) in Beijing. This book contains those edited papers. The second conference was held at RAND on November 9-10, 1999, with about 30 participants including the authors and their discussants. The topics discussed include China's World Trade Organization membership, the outlook for the U.S. and Chinese economies, and Sino-U.S. security relations — topics that are no less relevant now than they were at the time of the 1999 conference. The second CRF-RAND conference and the editing and other requisites for readying the original papers for publication could not have been accomplished without the generous support of several organizations and individuals. These include — besides the China Reform Forum and RAND — the Committee of 100 and Henry Tang, the Hoover Institution and John Raisian, the Capital Group Companies and Gina Despres, Lombard Investments and Joseph Chulick, the UCLA Center for International Studies and Richard Rosecrance, the Zhejiang Gateway International Investment Company and James Bitonti, the Overland Group and Fred Liao, and Roy Doumani. None of these organizations or individuals bears any responsibility for the content of the wide-ranging views and policy suggestions presented in the book.

Table of Contents

  • Foreword

  • Acronyms

  • Chapter One

    China, the United States, and the Global Economy: Introduction and Overview

  • Part I

    Outlook for the Global Economy

  • Chapter Two

    Trends and Prospects in the Global Economy

  • Chapter Three

    World Economic Restructuring and China’s Economic Transformation

  • Part II

    Outlook for the U.S. Economy

  • Chapter Four

    Can the United States’ Economic Success Continue?

  • Part III

    Trends and Prospects in the Chinese Economy

  • Chapter Five

    China’s Economic Growth: Recent Trends and Prospects

  • Chapter Six

    The Chinese Economy in Prospect

  • Chapter Seven

    The Role of Foreign-Invested Enterprises in the Chinese Economy: An Institutional Foundation Approach

  • Chapter Eight

    China’s Macroeconomy: Expanding Domestic Demand and Interim Reforms

  • Part IV

    U.S.-China Economic and Security Relations

  • Chapter Nine

    China and the World Economy: The Short March from Isolation to Major Player

  • Chapter Ten

    American Interests in and Concerns with China

  • Chapter Eleven

    Sino-U.S. Economic and Trade Relations

  • Chapter Twelve

    U.S.-China: Bonds and Tensions

  • Conference Agenda

  • List of Participants

  • Biographical Summaries of Chapter Authors

"… A highly recommended contribution to International Studies and Economic Studies reading lists and reference collections."

- Internet Bookwatch/Midwest Book Review

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