Suchergebnisse

A new factor has recently reemerged: financial transfers from South to North. Reemerged, for it was also a common occurrence in earlier colonial periods.— Ivan Leigh HeadWritten over fifteen years ago by Ivan Leigh Head, a highly distinguished Canadian international lawyer, foreign policy expert, and international development thinker, the words contained in the above quotation point firmly at this great man's analytic incisiveness and hint at the sheer depth of his fairness of mind. For although the net transfer of resources from the much poorer geopolitical "South" to a far richer "North" remains to this day one of the most important obstacles to international development, rarely have the dominant accounts of international development given this phenomenon the pride of place that it surely deserves. Ivan Head was therefore well ahead of his time in foregrounding, highlighting, and criticizing this very disturbing, yet continuing, feature of South-North relations.

Cover -- CONTENTS -- THE DRIVERS, IMPLICATIONS AND OUTLOOK FOR CHINA'S SHRINKING CURRENT ACCOUNT SURPLUS -- A. Trends in China's Current Account -- B. Drivers Behind the Decline in the Current Account Surplus -- C. The Current Account in China-Looking Ahead -- D. International Impact of China's Declining Current Account Surplus -- FIGURES -- 1. China's Current Account -- 2. Structure of Imports -- 3. Trade in Value Added Terms -- 4. Household Savings are Expected to Fall -- 5. Investment Has Likely Peaked -- 6. China Exports Have Slowed and are Likely to be Outpaced by Imports -- 7. Rise in 2018 Imports Driven by Prices -- 8. China's Current Account from a Global Perspective -- 9. Exposure to China's Growing Import Industries -- HOUSEHOLD INDEBTEDNESS IN CHINA -- A. Context -- B. Macro-Financial Risks from High Household Debt -- C. Impact of High Household Indebtedness on Consumption -- D. International Experience: Measures to Contain Household Vulnerabilities -- E. Policy Implications -- References -- BOXES -- 1. Land Policies and House Prices in China -- 2. Is It Time for China to Develop a Personal Insolvency Framework? -- FIGURE -- 1. Household Assets, Liabilities, and Debt Burden -- ANNEXES -- I. Design of Panel Regressions -- II. Panel Regression Results -- IMPROVING THE ALLOCATION OF CORPORATE CREDIT IN CHINA -- A. Impact of China's Deleveraging on Credit Allocation -- B. Applying Principles of Competitive Neutrality to Credit Allocation -- C. Measures to Enhance Access to Finance by Private Enterprises -- D. Creating a Conducive Environment for Lending -- E. Concluding Remarks -- References -- BOXES -- 1. OECD Guiding Principles on Debt Neutrality -- 2. International Experience: SOEs Pay Cost of Guarantees to Budget -- 3. OECD Guiding Principles on Regulatory Neutrality in Financing -- ANNEX.

"Quellenverzeichnis" in each volume. ; V. 1. 1922-23 -- v. 2. 1923-24 -- v. 3. 1925-26. ; Each volume in 3 parts. ; "Quellenverzeichnis" in each volume. ; Mode of access: Internet. ; "Verlag der Kommunistischen Internationale." ; Reprint of the original edition published in Hamburg and Berlin by C. Hoynn Nachf. and L. Cahnbley.