ABSTRACT
This introduction presents an overview of key concepts discussed in the subsequent chapters of this book. The book argues that the structural change of China's economy, together with rapid development of the financial sector and the internationalization of the renminbi, will alter the world economic order. It discusses on the emphasis on business ethics and corporate social responsibilities. In the book, Poon and Lam investigates the relationship between the degree of world's income inequality and economic growth. It concludes with the success of an international organization depends on how it deals with the challenges of legitimacy and effectiveness. It explores, Yuen, Greene and Chu reveal that citizens, academia and think-tanks increasingly demand governments to reassess policy goals that are driven solely by economic considerations. Yuen and Wong point out that China has the world's largest foreign reserves and attracts the greatest amount of foreign direct investment which is discussed in this book.
