GEOG7124
Globalization and Spatial Economic
Transformation in China
(http://geog.hku.hk/postgrad/geog7124/index.htm)
Course Lecturer
: Dr. Simon Xiaobin Zhao
Prerequisite:
Nil
Objective: 1) To equip students with basic theory and reasoning on global trade regime
(WTO), economic integration, and geography of finance in explaining dynamics
and patterns of global economic transactions.
2) To provide students with a better understanding and knowledge of globalization
and spatial economic transformation in China
Subject Description:
At the beginning of the new millennium, China had historically entered the World Trade
Organization (WTO). Since then, China has been increasingly integrating with world economy
and becomes globalizing. This course examines the enormous globalization impacts on Chinese
economy, both spatial and sectoral, based on the theory and perspectives of geography of trade
and finance. It will equip students with basic theory and reasoning on global trade regime (WTO),
economic integration, and geography of finance in explaining dynamics and patterns of global
economic transactions. It will also provide students a better understanding and knowledge of the
globalization and China’s spatial economic transformation.
The course emphasizes on the combination of theory and practical knowledge and skill. To
enhance students’ comprehensive ability of critical thinking and problem solving, as well as their
actual ability of observing, identifying and judging business opportunity and challenges as well as
problems in the face of rapid globalization era are the main purpose of the course. The course is
organized in seminar style, in which students will be grouped and present hop topics of debates in
current China globalization and development. The course will also invite practitioners from the
field to give guest lectures and seminars. The course also incorporates the China Fieldtrip and
enhances students’ first hand and most up-date knowledge and understanding on China.
Assessment:
Course Work:
50%;
Take-home Examination:
1. Project: Reading, Presentation and Essay
2. Field Trip Report as Take-home Examination
50%;
50%
50%
Content Outline:
1. Theory on economic integration and global trade regimes (WTO), and their roles in
global economic development
2. China’s long march to WTO and overall meaning and significance
3. China’s WTO Accession and its Impact on Spatial Restructuring of Financial Centers in the
Mainland and Hong Kong
4. Foreign Direct Investment and the Formation of Global City-Regions in China: Spear
5.
6.
7.
8.
9.
10.
11.
Heads of China’s urban-regional Economic Development
MA China Elite Seminar Series (4-5 talks with CEO) and Students seminar
MA China Elite Seminar Series (4-5 talks with CEO) and Students seminar
MA China Elite Seminar Series (4-5 talks with CEO) and Students seminar
MA China Elite Seminar Series (4-5 talks with CEO) and Students seminar
MA China Elite Seminar Series (4-5 talks with CEO) and Students seminar
MA China Elite Seminar Series (4-5 talks with CEO) and Students seminar
MA China Elite Seminar Series (4-5 talks with CEO) and Students seminar
Hot Topics of Current Development in China for Student Seminars:
1. Dynamic Changes and Spatial Paths of Foreign Direct Investment in China: Where is the
next World Manufacturing Factory?
2. Contesting the Status of world Factory of Manufacturing: A Comparative Study of FDI
in China and Vietnam, and India
3. CEPA and HK – PRD Integration and Mega-city Region Development
4. Guangdong: Can its current upheaval of「雙轉移」、「騰籠換鳥」“duel –
shifts/transformations” and “evacuate the cage and change the birds” success or it dooms
to fail?
5. HK: How to restructure his economic structure and re-construct its economic power
house amid Guangdong/Shenzhen’s challenges?
6. HK: World Third Top Financial Centre Resembling London or Possible Marginalization
and Down Fall in the Future?
7. Macau: Emerging Giant of Gambling and Entertainment Industries and Its Social and
Economic Impact on the Region.
8. China and India: New Dynasties and New World Leaders under the current economic
crisis/tsunami or another disreputable Asian Miracle?
9. China: Can its current economic miracle and its unique “socialist characteristic
marketization” model sustain?
10.???
MA China Elite Seminar Series
(4-5 talks with CEO and Business Leaders)
Key References/Text Books (Reserved):
Anderson, K., (1997) “On the Complexities of China’s WTO Accession:, in The World Economy,
Vol 20:6, pp.749-792
Berry B.J.L., Conkling E.C. and Ray D.M. (1997) The Global Economy in Transition (second
edition), Prentice Hall Inc., New Jersey, United States.
Chen, A., (2000) “The Impact of WTO Entry on the Changing Structure of Chinese Industry: A
Summary Assessment”, China Economic Review, Vol. 11:4, pp.409-413
Dunning, J.H., (1988) “The Eclectic Paradigm of International Production: A Restatement and
Some Possible Extensions”, in Journal of International Business Studies, Vol. 19:1, pp.1-31
Dunning, J.H., (1993) Multinational Enterprises and the Global Economy, Addison-Wesley, New
York
Dunning, J.H., (1995) “Reappraising the Eclectic Paradigm, in an Age of Alliance Capitalism”, in
Journal of International Business Studies, Vol.26:3, p.461-491
Dunning, J.H., (1998) “Location and the Multinational Enterprise: A Neglected Factor?”, in
“Journal of International Business Studies”, Vol.29:1, pp. 45-66
Huang, J, S., Rozelle, and Zhang, L., (2001) “WTO and Agriculture: Radical Reforms or the
Continuation of Gradual Transition”, China Economic Review, Vol.11:4, pp.397-401
Huang, J. and Rozelle, S., (2001) “Trade Liberalization, WTO and China’s Food Economy in the
21st century: Large, Modest, or Little Impacts?” paper presented in an international
conference on “Greater China and WTO”, City University, Hong Kong, March 22-24, 2001
Huang, J., (1998) “The Impact of Joining the WTO on China’s Grain Market”, in International
Trade, Number 20, pp.10-13
Johnston, D.G., (2001) “The WTO and Agriculture in China”, China Economic Review, Vol.11:4,
pp.402-404
Krugman P., (1997), Geography and Trade (seventh edition), The MIT Press, London, England
and Leuven University Press, Belgium.
Krugman P., (1998), Development, Geography, and Economic Theory, The MIT Press, London,
England.
Lardy, N. R., (1996) “Chinese Foreign Trade”, in Ash, R.F. and Kueh, Y.Y., (eds), (1996) The
Chinese Economy Under Deng Xiaoping, Clarendon Press, Oxford, UK
Lardy, N.R., (1992). "Foreign Trade and Economic Reform in China, 1978-1990".Cambridge
University Press
Lin, J.Y., (2001) “WTO Accession and China’s Agriculture”, China Business Review, Vol.11:4,
pp.405-408
Luo, Y.D, (2000) Multinational Corporations in China: Benefiting From Structural
Transformation, Copenhagen Business School Press, Copenhagen, Denmark
Porter, M.E., (2001) “Regions and the New Economics of Competition”, in Scott, A.J. (ed)
Global City-Regions: trends, theory, policy, Oxford University Press, Oxford and New York
Sun, H.S., (1998), Foreign Investment and Economic Development in China 1979-1996, Ashgate,
Aldershot
Yang, X.K., (2000) “China’s entry to the WTO”, in China Economic Review, Vol.11:4 pp 437442
Yin, J.Z., “The WTO: What Next for China?”, in Nathan, A.J. , Hong, Z.H. and Smith, S.R.
Dilemmas of Reform in Jiang Zemin’s China, Lynne Rienner, Boulder and London, US and
UK
Zhai, F. and Li, S.T., (2001) “China’s WTO accession and implications for its regional
economies”, paper presented in an international conference on “Greater China and the
WTO” , City University, Hong Kong, March 22-24, 2001
Zhao, X.B. Qiao J.M. and Tong S.P., (2001) “China's WTO Accession, State Enterprise reform,
and Spatial Economic Restructuring", forthcoming in Journal of International Development..
Zhao, X.B., (2001) “Information Flow and Asymmetric Information as Key Determinants for
Service and Financial Center Development: A Case on Socialist China”, invited for
resubmission by Transactions of Institute of British Geographers.
Zhao, X.B., (2001) “Spatial restructuring of financial centers in the region of mainland and Hong
Kong in the face of China’s WTO accession: a perspective of geography of finance” paper
presented in the 29th International Geographical Congress, Seoul, Korea, under review by Urban
Affairs Review.
References
Abdel-Rahman, H.M., (2000) “City Systems: General Equilibrium Approaches”, in Huriot, J-M
and Thisee, J-F (2000) Economics of Cities: Theoretical Perspectives, Cambridge University
Press, Cambridge
Baumont C. and Huriot, J-M., (2000) “Urban Economics In Retrospect: Continuity or Change?”,
in Huriot, J-M and Thisee, J-F (2000) Economics of Cities: Theoretical Perspectives,
Cambridge University Press, Cambridge
Becker, R. and Henderson V., (2000) “Intra-industry Specialization and Urban Development”, in
Huriot, J-M and Thisee, J-F (2000) Economics of Cities: Theoretical Perspectives,
Cambridge University Press, Cambridge
Brueckner, J.K., (2000) “Urban Growth Models With Durable Housing: An Overview”, in Huriot,
J-M and Thisee, J-F (2000) Economics of Cities: Theoretical Perspectives, Cambridge
University Press, Cambridge
Census and Statistics Department, Hong Kong Special Administrative Region, The People’s
Republic of China, (2001), Hong Kong in Figures (2001 Edition)
Census and Statistics Department, Hong Kong Special Administrative Region, The People’s
Republic of China, (2000), 2000 Survey of Regional Offices Representing Overseas
Companies in Hong Kong
Cheng, L.K., (2000) “Economic Benefits To China and Impact On Hong Kong Firms”, in China
Economic Review”, Vol. 11:4, pp.414-418
Cheong, Y-R., (2000) “The Impact of China’s Entrance to The WTO on Neighboring East Asian
Countries”, in China Economic Review, Vol11:4, pp.419-422.
Child J. and Tse D.K., (2001) “China’s Transition and Its Implications for International Business”,
in Journal of International Business Studies, Vol.32:1, pp.5-22
Chow, G.C., (2000) “China’s Economic Reform and Policies At the Beginning of the Twentyfirst Century, in China Economic Review, Vol.11:4, pp.427-431
Dobkins, L.H. and Ioannides, Y.M., (2000) “Dynamic Evolution of the Size Distribution of U.S.
Cities”, in Huriot, J-M and Thisee, J-F., (2000), Economics of Cities: Theoretical
Perspectives, Cambridge University Press, Cambridge
Duranton G. (2000), “Urbanization: Urban Structure, and Growth”, in Huriot, J-M and Thisee, JF (2000), Economics of Cities: Theoretical Perspectives, Cambridge University Press,
Cambridge
Economist Intelligence Unit, the (2000), “RHQ Special Issue ”, in Business Asia: fortnightly
Report to Managers of Asia Operations, 11th December, 2000
Fingleton, B., (2001) “Theoretical Economic Geography and Spatial Econometrics: Dynamic
Perspectives”, in Journal of Economic Geography, Vol.1:2, pp.201-226
Fujita M., Krguman, P., and Venables, A.J., (1999) The Spatial Economy: Cities, Regions and
International Trade, Cambridge, The MIT press
Fujita, M. and Krguman, P., (2000) “A Monopolistic Competition Model of Urban Systems and
Trade” in Huriot, J-M and Thisee, J-F (2000) Economics of Cities: Theoretical Perspectives,
Cambridge University Press, Cambridge
Fujita, M. and Thisse, J-F., (2000) “The Formation of Economic Agglomeration: Old Problems
and New Perspectives”, in Huriot, J-M and Thisee, J-F (2000) Economics of Cities:
Theoretical Perspectives, Cambridge University Press, Cambridge
Gehrig, T., (2000) “Cities and the Geography of Financial Centers”, in Huriot, J-M and Thisee, JF (2000) Economics of Cities: Theoretical Perspectives, Cambridge University Press,
Cambridge
Goffette-Nagot, F., (2000), “Urban Spread beyond the City Edge”, in Huriot, J-M and Thisee, J-F
(2000) Economics of Cities: Theoretical Perspectives, Cambridge University Press,
Cambridge
Kynaston, D., (2001) The City of London Volume IV: A Club No More, Chatto & Windus,
Lodnon
Lin, G.C.S., (1997) Red Capitalism In South China: Growth and Development of the Pearl River
Delta, University of British Columbia Press, Vancouver, Canada
Neary, J.P., (2001), “Of Hype and Hyperbolas: Introducing the New Economic Geography”,
Journal of Economic Literature, Vol.39, pp. 536-561
Nolan, P., 2000, Chinese firms and China’s WTO effort, presented in the research seminar in the
University of Hong Kong, Hong Kong.
O’Neill, P., (2001), “Financial Narratives of the Modern Corporation”, in Journal of Economic
Geography, Vol.1:2, pp.181-200
Organization of Economic Co-operation and Development, (2000), “Future Prospects for
National Financial Markets and Trading Centres Part III: Financial Market Location”, in
Financial Market Trend, No.78
Ottaviano, I.P. and Thisse J-F., (2001) “On Economic Geography In Economic Theory:
Increasing Returns and Pecuniary Externalities”, in Journal of Economic Geography,
Vol.1:2, pp.153-180
Richter, F-J., (2000), “China’s Entry into the WTO and the Impact on Western Firms”, in China
Economic Review, Vol.11:4, pp.423-426
Temporal, P. and Lee, K.C., (2001), Hi-Tech, Hi-Touch Branding: Creating Brand Power In The
Age of Technology, John Wiley & Sons, Singapore
Todaro M.P., (1994) Economic Development (the fifth edition), Longman, New York
Wang, T. (2001), “The Prospects for Development of Financial Centers After China’s Entry to
the WTO: Location, Path Dependence and “Information Hinterland”, M.Phil thesis,
Department of Geography, The Baptist University of Hong Kong
Wang, Z., (1997) “The Impact of China and Taiwan joining the World Trade Organization on
U.S. and World Agricultural Trade: a Computable General Equilibrium Analysis”, An
Economic Research service Report, Department of Agriculture, the United states, Technical
Bulletin Number 1858
Wen, G.J., (2000) “New Frontier of Economic Globalization: The Significance of China’s
Accession to WTO”, in China Economic Review, Vol.11:4, pp.432-436
Chinese References
國世平（2001）”WTO 對中國的嚴峻挑戰及其對策”， 《信報財經月刊》 2001 年六月號，第 25 卷,
第 3 期，3-7 頁
國慶（2001） “WTO 與中國的現實利益，《信報財經月刊》 2001 年六月號，第 25 卷, 第 3 期，8-9
頁
馬建華（2001） “WTO 與中國的的「無形基礎設施」”，《信報財經月刊》 2001 年六月號，第 25
卷, 第 3 期，10-13 頁
蕭亞紅（2001） “WTO 與中國的經濟起飛的基礎”， 《信報財經月刊》 2001 年六月號，第 25 卷,
第 3 期，14-16 頁
唐新元 （2001） “WTO 與中國的與中國紡織業效益辯證”《信報財經月刊》 2001 年六月號，第 25
卷, 第 3 期，17-20 頁
賈繼 鋒等著 (2000)《加入 WTO 以後的新問題”，上海社會科學院出版社，上海，中國
薛榮久、王曉紅（主編），《中國面臨沖擊：加入世貿組織的喜與憂》，世界知識出版社，北京，
中國
魯桐（2000）《WTO 與中國企業國際化》，中共中央黨校出版社，北京，中國
張霓、王立軍、張日新、徐明威等（2000）《加入 WTO 彼的中國金融業》，遼寧大學出版社，沈
陽，中國
程惠芳、潘信路（2000）《入世與國際直接投資發展》，世界圖書出版公司，上海，中國
盧進勇（2001）《入世與中國利用外資和海外投資》，對外經濟貿易大學出版社，北京，中國
魏尚進（2000）《經濟全球化：金融、貿易與政策改革》，北京大學出版社，北京，中國
任泉（2000）《WTO 知識全書》，經濟日報出版社，北京，中國
謝湲、何昌（2000）《WTO 與中國產業升級》，中國審計出版社，北京
官占奎（2000）《WTO 規則與中國產業命運》，天津人民出版社，天津，中國
李善同、王直、翟凡、徐林，《WTO：中國與世界》，中國發展出版社，北京，中國
曲大富（2000）《WTO 與第三產業》，人民日報出版社，北京，中國
殷邁 （2001） “上海十五年追趕香港”，《萬維讀者網》
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