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China's Entry Into the World Economy

Nicholas R. Lardy
Reviewed by By William Diebold, Jr.
Fall 1987
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Nicholas R. Lardy
University Press of America/New York: The Asia Society
1987
57 pp.

A leading American specialist on the Chinese economy assesses the dramatic economic reforms in post-Mao China and their implications for U.S. policy in the region. He concludes that China's new trade and investment policies have led to increased regional economic integration in Northeast Asia and have contributed to the overall economic dynamism of the Pacific region. But he is doubtful that China will be able to continue its rapid growth of trade without a more far-reaching reform in industry. And he also believes it unlikely that China's rapidly growing trade with Taiwan, South Korea and the Soviet Union can be sustained without some progress in resolving political differences.

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