Reaping Benefits of FDI and Reshaping Shanghai's Economic Landscape

Foreign Direct Investment (FDI) has played a significant and positive role in driving economic growth and upgrading economic structure in Shanghai. The shift in the pattern of FDI over the last decade towards services has been particularly crucial....

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Bibliographic Details
Main Author:	World Bank
Format:	Foreign Trade, FDI, and Capital Flows Study
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTING ADVANCED COUNTRY ASSET PRICE ASSET PRICES BALANCE SHEETS BANK LENDING BENCHMARK BOND BOND FLOWS BOND MARKET BOND MARKETS BONDS BOOST TO GROWTH BORROWING COSTS BUSINESS ENVIRONMENT CAPITAL ACCOUNT CAPITAL ACCUMULATION CAPITAL CONTROL CAPITAL GOODS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL MOBILITY CASH FLOWS CHECKS COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES CONNECTIVITY CONSUMER GOODS CORPORATE BONDS COUNTRY RISK DEBT DEBT FLOWS DEBT ISSUANCE DEBT LEVELS DEREGULATION DERIVATIVES DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPING ECONOMY DEVELOPMENT STRATEGY DISBURSEMENT DIVISION OF LABOR DOMESTIC MARKET DOMESTIC STOCK ECONOMIC ACTIVITY ECONOMIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC DYNAMICS ECONOMIC GROWTH ECONOMIC STRUCTURE EMPIRICAL EVIDENCE EMPIRICAL STUDIES EXCHANGE CONTROL EXPENDITURE EXPENDITURES EXPORTER EXTERNALITIES FACTORS OF PRODUCTION FEDERAL RESERVE FINANCIAL ASSETS FINANCIAL CAPITAL FINANCIAL CRISIS FINANCIAL DEVELOPMENTS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SYSTEMS FINANCING REQUIREMENTS FISCAL DEFICITS FISCAL POLICY FIXED ASSET FLOW OF INFORMATION FOREIGN ASSETS FOREIGN BANK FOREIGN BANK PARTICIPATION FOREIGN CAPITAL FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN INVESTMENTS FOREIGN INVESTORS FOREIGN TRADE FREE TRADE FUND MANAGEMENT GDP GLOBAL BUSINESSES GLOBAL ECONOMIC PROSPECT GLOBAL ECONOMIC PROSPECTS GLOBAL ECONOMY GLOBAL EQUITY GLOBAL EQUITY MARKETS GLOBAL MARKET GLOBALIZATION GOVERNMENT ACTION GOVERNMENT INTERVENTION GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HARMONIZATION HOLDING HOLDING COMPANIES HUMAN CAPITAL HUMAN RESOURCE HUMAN RESOURCES INCOME INCOME TAX INCOME TAXES INDIVIDUAL FIRM INDIVIDUAL FIRMS INFLATION INFLATIONARY PRESSURES INFORMATION SERVICES INFORMATION TECHNOLOGY INSURANCE INSURANCE COMPANIES INTELLECTUAL PROPERTY INTEREST RATE INTEREST RATE DIFFERENTIALS INTEREST RATES INTERNATIONAL BOND INTERNATIONAL BOND MARKET INTERNATIONAL BOND MARKETS INTERNATIONAL BUSINESS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL FLOWS INTERNATIONAL CAPITAL MARKETS INTERNATIONAL INVESTMENT INVESTING INVESTMENT CLIMATE INVESTMENT OPPORTUNITIES INVESTMENT PATTERNS INVESTOR PROTECTION JUDICIAL SYSTEM LABOR COSTS LABOR FORCE LAND USE LEVEL PLAYING FIELD LIBERALIZATION LIQUIDITY LIVING CONDITIONS LONG-TERM YIELDS MARKET CONDITIONS MARKET FAILURE MARKET INTEGRATION MINIMUM CAPITAL REQUIREMENT MONETARY POLICY NATIONAL DEVELOPMENT NET CAPITAL OUTPUT OUTPUT GAPS OUTPUTS OUTSOURCING PENSION PENSION FUNDS PERSONAL COMPUTERS PERSONAL INCOME POLICY INSTRUMENTS POLICY MAKERS POPULATION GROWTH PORTFOLIO PORTFOLIO INVESTMENT POWER PARITY PRIVATE CAPITAL PRIVATE CAPITAL FLOWS PRIVATE DEBT PRIVATE INVESTORS PRODUCERS PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC DEBT PUBLIC FINANCES PURCHASING POWER RAPID ECONOMIC GROWTH RAPID GROWTH REAL ESTATE REGIONAL INTEGRATION REGULATORY SYSTEM REINVESTMENT RESIDENTIAL MORTGAGES RISK AVERSION RISKY BORROWERS SAVINGS SECURITIES SHAREHOLDER SHORT-TERM INTEREST RATES SKILLED WORKERS SMALL ENTERPRISES SOVEREIGN DEBT STOCK MARKET STOCK MARKETS STRUCTURAL CHANGE TAX TAX COLLECTION TAX EXEMPTIONS TAX INCENTIVES TAX RATES TAX REVENUE TAX TREATMENT TAX TREATMENTS TECHNOLOGY TRANSFER TECHNOLOGY TRANSFERS TOTAL OUTPUT TRANSPARENCY TREASURY TREASURY SECURITIES UNEMPLOYMENT UNEMPLOYMENT RATE VALUE OF ASSETS VENTURE CAPITAL WAGES WAREHOUSE WITHDRAWAL WORLD ECONOMY WORLD INVESTMENT REPORT
Online Access:	http://documents.worldbank.org/curated/en/2011/01/16281963/reaping-benefits-fdi-reshaping-shanghais-economic-landscape http://hdl.handle.net/10986/12561

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Summary:	Foreign Direct Investment (FDI) has played a significant and positive role in driving economic growth and upgrading economic structure in Shanghai. The shift in the pattern of FDI over the last decade towards services has been particularly crucial. Given its importance, Shanghai municipal government may continue to devote efforts to attract FDI and have foreign funded enterprises help reshape Shanghai's economic landscape. The main importance of FDI to Shanghai lies less in its capital finance, and more in the extent to which foreign funded enterprises (FFEs) help move the city up the value chain and generate high-end jobs. In the post-financial crisis era, developing countries will take a much larger role in leading world growth while enhanced competition will accelerate the pace of service revolution. Possessing strong geographic advantages, Shanghai has the potential to become an international business and financial hub and to have the high-tech industries and services being the driving force of the growth. Shanghai has strong potential in reaping the benefits of FDI and reshaping its economic landscape in 12th Five Year Plan period. In terms of the three conditions to succeed good opportunity, favorable geographic location and harmonious society, Shanghai is already in a good position. This note seeks to provide insights to help the Shanghai government make the right decisions and trade-offs to better reap the benefits of FDI in the context of a changing global context.

Reaping Benefits of FDI and Reshaping Shanghai's Economic Landscape

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