
Enrico Gloria
Address: Beijing, China
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Papers by Enrico Gloria
The first part of this paper will discuss the economics behind the different exchange rate regimes and the exchange rate system itself. The second part would provide an outline history of the exchange rate regimes adopted by China and their policy implications. The prospects for China’s exchange rate regime will be discussed afterwards.
With the presence of these enclaves, it is natural to ask what has been the impact of open ports under foreign control to the areas where they were established, and to China’s economy as a whole. In essence, this kind of questioning tries to see what has been the impact of western imperialism to a huge empire like China. The existing literature on this topic has dwelled on this question through different approaches and through different foci that led them to different conclusions. This paper has provided a systematic narrative explanation of the current existing ideas through a review of the relevant literature on the treaty ports and on China’s economy during the late Qing empire. This paper specifically looks at (1) development within the treaty ports, and the (2) impact this had in China’s
economy. With the great deal of difficulty involved in trying to obtain primary data on trade and China’s economy during the Qing empire, the general review also emphasized empirical data compiled by the different authors in building on the objectives of this paper.