Preview: Neither a Borrower Nor a Lender : Does China's Zero Net Foreign Asset Position Make Economic Sense?

Neither a Borrower Nor a Lender : Does China's Zero Net Foreign Asset Position Make Economic Sense?

China in the past few years has emerged as a net foreign creditor on the international scene with net foreign assets slightly greater than zero percent of wealth. This is surprising given that China is a relatively poor country with a capital-labor ratio about one-fifth the world average and one-ten...

Full description

Bibliographic Details
Main Authors:	Dollar, David, Kraay, Aart
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTS ASSETS AVERAGE PRODUCTIVITY BENCHMARK BONDS CAPITAL ACCOUNT CAPITAL CONTROLS CAPITAL FLOWS CAPITAL GOODS CAPITAL INFLOWS CAPITAL OUTFLOWS CAPITAL STOCK CAPITAL STOCK GROWTH CAPITAL-LABOR CAPITAL-LABOR RATIO CAPITAL-LABOR RATIOS DEBT DIMINISHING RETURNS DIRECT INVESTMENT DISTRIBUTION OF WEALTH DOMESTIC CAPITAL DOMESTIC INVESTORS EXCHANGE RATE EXPECTED RETURN EXPROPRIATION EXTERNALITY FINANCIAL SECTOR FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GDP GDP PER CAPITA GLOBAL ECONOMY GROWTH RATE HEALTH INSURANCE INDUSTRIAL CAPITAL INFLATION RATE INTEREST RATE INTERNATIONAL CAPITAL INTERNATIONAL TRADE INVESTMENT FLOWS INVESTMENT POSITIONS INVESTMENT RATES MARGINAL PRODUCT MARGINAL PRODUCTS MARGINAL UTILITY NEOCLASSICAL THEORY NET FOREIGN ASSETS NET INFLOWS PER CAPITA INCOMES PORTFOLIO PORTFOLIO FLOWS PORTFOLIOS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC DEBT REAL GDP REGRESSION ANALYSIS RETURN TO CAPITAL RISK PREMIUM SAVINGS TFP TOTAL FACTOR PRODUCTIVITY TRADE BALANCE TRADE DEFICIT UNIT OF CAPITAL WEALTH WTO
Online Access:	http://documents.worldbank.org/curated/en/2005/12/6479844/neither-borrower-nor-lender-chinas-zero-net-foreign-asset-position-make-economic-sense http://hdl.handle.net/10986/8560

Neither a Borrower Nor a Lender : Does China's Zero Net Foreign Asset Position Make Economic Sense?

Similar Items