Between Globalization and Internal Stability, the Resistible Internationalization of the Renminbi

China's RMB is becoming a major international currency. It has joined major international currencies and intends to continue its growth although it has not yet become a fully convertible currency. Its share in world trade, reserves remains limited. On the one hand, the increase in its international use is increasing, on the other hand the decline in trade, the accumulation of internal problems - decline in GDP growth, growing domestic debt - are leading the Chinese authorities to push back the opening of the capital account, to control interest rates. Social stability has become a priority.JEL Codes - E; F;

The attractiveness of the Western Balkans for the FDI

As the EU expands, the focus is on the Western Balkans region1, which is rich with opportunity and potential. It is experiencing significant improvements in terms of reforms, economic growth and foreign direct investment (FDI). Developing economies such as those in the Western Balkans are particularly dynamic, which can mean rapidly changing costs and conditions for investors. The region has made strong progress, outpacing Central Europe in economic growth with an average gross domestic product (GDP) increase, these latest years. For the next several years, the markedly strong economic development is expected to continue in Western Balkans. Inflation has largely been kept under control, and is expected to decline further in the near future. The Western Balkans are improving risk profile and economic outlook are also validated by the international credit ratings. As unemployment (in almost all Western Balkans countries) is still high, sustainable economic growth (Redzepagic and Llorca 2007) and job creation are the major challenges the region faces. It is important to mention, for example, that the FDI into the region was 3.4 billion of euros in 2005, but also the cumulative FDI inflow in the region was near 15 billion of euros for the five‐year period of 2001‐2005 (Redžepagić and Richet 2008). As the countries of the region rarely invested abroad, net FDI inflows also played a key role in financing foreign trade imbalances that stem from ongoing structural reforms and significant investment demand in the transition to free markets

Ilan Alon, Julian Chang, Marc Fetscherin, Christoph Lattemann et John R. McIntyre (éd.), China Rules Globalization and Political Transformation

La globalisation a induit un phénomène nouveau qui attire aujourd’hui l’attention des spécialistes, celui de l’internationalisation des firmes des pays émergents dont la Chine. Encore limitées en nombre et en volume de capital investi, ces firmes pénètrent sur différents marchés, du nord, du sud, à la recherche de facteurs (ressources matérielles, technologies, capital humain) et de débouchés. L’accumulation de ressources financières, de savoir-faire technique et managérial, grâce à la coopér..

Ilan Alon, Julian Chang, Marc Fetscherin, Christoph Lattemann et John R. McIntyre (éd.), China Rules Globalization and Political Transformation

La globalisation a induit un phénomène nouveau qui attire aujourd’hui l’attention des spécialistes, celui de l’internationalisation des firmes des pays émergents dont la Chine. Encore limitées en nombre et en volume de capital investi, ces firmes pénètrent sur différents marchés, du nord, du sud, à la recherche de facteurs (ressources matérielles, technologies, capital humain) et de débouchés. L’accumulation de ressources financières, de savoir-faire technique et managérial, grâce à la coopér..

Ilan Alon and John R. McIntyre (eds), Globalization of Chinese Enterprises

This book is one of the first academic contributions analysing the factors pushing Chinese firms to internationalise their activities. The authors define and assess the factors that compel Chinese firms to go global, including internal ones, such as the acquisition of managerial, organisational, and technological skills, and external ones – relations with central and provincial governments, the degree of competition, competitive advantage, and the role of institutions. The work brings togethe..

Ilan Alon, Julian Chang, Marc Fetscherin, Christoph Lattemann and John R. McIntyre (eds.), China Rules Globalization and Political Transformation

Globalisation has ushered in a new phenomenon on which experts have been focusing: the internationalisation of firms from emerging countries such as China. Still limited in number and invested capital, they are penetrating multiple markets, north and south, seeking production factors (raw materials, technologies, human capital) and markets. The accumulation of financial resources and technical as well as managerial knowhow due to industrial cooperation and expansion favours greenfield investm..

Jean Ruffier, Faut-il avoir peur des usines chinoises? Compétitivité et pérennité de “l’atelier du monde”

Industrial sociologist Jean Ruffier offers us an important book on his Chinese experience that begins at the end of the 1980s in Guangzhou and in the province of Guangdong. His work and reflections are rooted in the most radical area of transformations in the new “workshop of the world” China has become, in a few short years, since leaving behind the chaotic course of the Maoist era. His work undertakes, through studies conducted in numerous enterprises in the region, to evaluate the sources ..

Ilan Alon and John R. McIntyre (eds), Globalization of Chinese Enterprises

This book is one of the first academic contributions analysing the factors pushing Chinese firms to internationalise their activities. The authors define and assess the factors that compel Chinese firms to go global, including internal ones, such as the acquisition of managerial, organisational, and technological skills, and external ones – relations with central and provincial governments, the degree of competition, competitive advantage, and the role of institutions. The work brings togethe..