Background
Lardy, Nicholas Richard was born on April 8, 1946 in Madison, Wisconsin, United States. Son of Henry Arnold and Annrita (Dresselhuys) Lardy.
(Over the past five years China has emerged as the world's...)
Over the past five years China has emerged as the world's largest global surplus economy; indeed, by 2007-08 the size of its surplus relative to its GDP was of a magnitude unprecedented for a large trading economy. This development is especially surprising since in the first twenty-five years of economic reform China's trade and current account surpluses were quite small by East Asian standards, averaging less than 2 percent of GDP. This study provides a comprehensive analysis of the key economic challenges facing the Chinese authorities in light of the still undervalued exchange rate, the large build-up of foreign exchange reserves, and more recently the sharp decline in economic growth. It analyzes the implications of China's exchange-rate policy for the effectiveness of monetary policy, the transition to a commercially oriented banking system, the evolving structure of output and demand, and the risk of protectionism abroad. The policy-options portion of the study will take account of the significant real-effective appreciation of the RMB over the past fifteen months and will contrast the pros and cons of a stay-the-course policy with that of a bolder, three-stage approach that would seek to maintain recent progress and to reduce even further the undervaluation of the RMB.
http://www.amazon.com/gp/product/0881324167/?tag=2022091-20
( China's accession to the World Trade Organization (WTO)...)
China's accession to the World Trade Organization (WTO) has been hailed as the biggest coming-out party in the history of capitalism. Its membership eventually will contribute to higher standards of living for its citizens and increased growth for its economy. But why would the Chinese communist regime voluntarily agree to comply with the many complex rules of the global trading system since it has already become the world's seventh largest trading country while avoiding these constraints by remaining outside the system? The answer to this question forms the basis for this new book. Nicholas Lardy explores the many pressures on the Chinese government, both external and internal, to comply with the standards of the rule-based international trading system. Lardy points out that, prior to entry into the WTO, China enjoyed high growth rates and more foreign direct investment than any other emerging economy. He draws on a wealth of scholarship and experience to explain how China's leadership expects to leverage the increased foreign competition inherent in its WTO commitments to accelerate its domestic economic reform program, leading to the shrinkage and transformation of inefficient, money-losing companies and hastening the development of a commercial credit culture in its banks. Lardy answers a number of other questions about China's new WTO membership, including its effects on bilateral trade with the United States; the possibility that China will use its power to reshape the WTO in the future; the degree to which the terms of China's entry were more or less demanding than those for other new members; the ability of China's economy to successfully open to new imports; and the prospects for new growth in various sectors of China's economy made possible by WTO accession. This book will become an important tool for those who wish to understand China's new role in the global trading system, to take advantage of the new opportunities for investment in China, or simply to gain a better understanding of what former President Clinton called a "once in a generation event."
http://www.amazon.com/gp/product/0815751354/?tag=2022091-20
(Integrating China into the Global Economy by Nicholas R. ...)
Integrating China into the Global Economy by Nicholas R. Lardy Brookings Ins...
http://www.amazon.com/gp/product/B00MDAHY4A/?tag=2022091-20
(China's new trade and investment policies have led to inc...)
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 whether this trend will continue will depend both on the ultimate success of China's domestic economic reforms and the ability of all of the countries in the region to mitigate remaining political frictions. Co-published with the Asia Society.
http://www.amazon.com/gp/product/0819163716/?tag=2022091-20
(This study explores the relationship between China's fore...)
This study explores the relationship between China's foreign trade reforms and the domestic economic reforms that undergird China's policy of openness in the 1980s and 1990s. It provides the first comprehensive analysis of how China has emerged since reform began in 1978 as one of the most dynamic trading nations in the world. It examines both the external policy changes, such as the decentralization of trading authority and the devaluation of the domestic currency, and internal economic reforms such as the increased use of markets and prices. The volume concludes with an analysis of the sources of China's export growth and outlines further domestic economic reforms that the author believes will be required to sustain China's increasing integration into the world economy.
http://www.amazon.com/gp/product/0521458358/?tag=2022091-20
(This study maintains that China's system of economic plan...)
This study maintains that China's system of economic planning tends to mitigate the trade-off between economic growth and equity that has been found to prevail in the early stages of development in most less developed countries. The analysis focuses on the Chinese leadership's attempt to improve economic efficiency by decentralizing economic management without encouraging, as a consequence, increased economic inequality among different regions. By examining the budgetary and planning process, focusing in particular on the fiscal relations between the centre and the far-reaching degree of resource redistribution undertaken by the central government through its control of interprovincial and intersectoral resource transfers. Professor Lardy's analysis highlights the essential features of Chinese economic growth and relates these to the experience of both developing and Soviet-type economies.
http://www.amazon.com/gp/product/0521219043/?tag=2022091-20
( China's emergence as a major international power is per...)
China's emergence as a major international power is perhaps the most important development in world affairs of the 21st century. Now, this book provides an indispensable survey of that country, the world's largest-- a vast land with 1.4 billion people and the world's most dynamic economy. Over the past year, Dr. Bates Gill, C. Fred Bergsten, Nicholas R. Lardy, and Derek Mitchell have led four task forces through a rigorous exercise of investigation and intelligence, compiling and analyzing the authoritative data on China's economy, foreign and domestic policy, and national security. Now that material has been shaped into an accessible narrative filled with facts, but written for the general reader. The expert judgements presented in China: The Balance Sheet will inform policymakers in Washintgon, scholars and the business community for years to come.
http://www.amazon.com/gp/product/B0044KMRIU/?tag=2022091-20
Lardy, Nicholas Richard was born on April 8, 1946 in Madison, Wisconsin, United States. Son of Henry Arnold and Annrita (Dresselhuys) Lardy.
Bachelor, University of Wisconsin, 1968; Master of Arts, University of Michigan, 1972; Doctor of Philosophy, University of Michigan, 1975.
Assistant professor, Yale University, New Haven, 1975-1979;
associate professor, Yale University, New Haven, 1979-1983;
assistant director economics growth center, Yale University, New Haven, 1979-1982;
associate professor, U. Washington, Seattle, 1983-1985;
chair China program, U. Washington, Seattle, 1984-1989;
professor, U. Washington, Seattle, 1985-1995;
director The Henry M. Jackson School International Studies, U. Washington, Seattle, 1991-1995;
senior fellow, The Brookings Institution, Washington, since 1995;
Frederick Frank Adjunct Professor in international trade and finance, Yale University School Management, New Haven, since 1997. Board directors National Committee on United States-China Rels., New York City, Comm. in International Rels. Studies with China, 1989-1992, Program for International Studies in Asia, 1993-1995.
Chairman Committee on Advanced Study in China. Vice Chairman of Commission on scholarly committee with China NAS, Washington, 1991-1995. Member board mgrs.The Blakemore Foundation, 1993-1995.
Founding member Pacific Council on International Policy, since 1995. Member Council on Foreign Rels.
(This study maintains that China's system of economic plan...)
(Over the past five years China has emerged as the world's...)
(China's new trade and investment policies have led to inc...)
(This study explores the relationship between China's fore...)
( China's accession to the World Trade Organization (WTO)...)
( China's emergence as a major international power is per...)
(Integrating China into the Global Economy by Nicholas R. ...)
Member of Association Comparative Economic Studies (member executive committee 1986-1988), Association Asian Studies (member nominating committee 1986-1987), American Economic Association.
Married Barbara Jean Dawe, August 29, 1970. Children: Elizabeth Brooke, Lillian Henry.