Impact of China's growth on global commodities market : case studies on Australia and Brazil.
China is currently the world’s second largest economy and largest trading nation. She has risen to become the top trading partner of many countries and it has become inevitable that close trading partners of China will be influenced greatly by China’s growth and be dependent on her. The paper aims t...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/59295 |
| _version_ | 1811679080907538432 |
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| author | Ng, Swee Ying Siew, Jun Zhu Yang, Zihan |
| author2 | Tan Kong Yam |
| author_facet | Tan Kong Yam Ng, Swee Ying Siew, Jun Zhu Yang, Zihan |
| author_sort | Ng, Swee Ying |
| collection | NTU |
| description | China is currently the world’s second largest economy and largest trading nation. She has risen to become the top trading partner of many countries and it has become inevitable that close trading partners of China will be influenced greatly by China’s growth and be dependent on her. The paper aims to examine the degree of trade dependence of Australia and Brazil on China in the period 2000-2012 based on the analysis of a few heavily traded commodities. A trade dependency index is used to determine the degree of dependence of Australia and Brazil on China. The results showed that they are largely dependent on China in a few specific commodities, namely iron ore and coal. Using Chow Test, the paper concluded that there has been a structural change from 1992 to 2012 on the world iron ore price. Particularly, the mid 2000s see the greater significance of China’s demand for iron ore, indicating stronger China growth since the 2000s. The paper then proposed policy recommendations to Australia and Brazil on ways to diversify reliance on China and ride on her growth instead, especially towards the services and agriculture sector for Australia and manufacturing and agricultural sector for Brazil. |
| first_indexed | 2024-10-01T03:03:29Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/59295 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:03:29Z |
| publishDate | 2014 |
| record_format | dspace |
| spelling | ntu-10356/592952019-12-10T12:22:09Z Impact of China's growth on global commodities market : case studies on Australia and Brazil. Ng, Swee Ying Siew, Jun Zhu Yang, Zihan Tan Kong Yam School of Humanities and Social Sciences DRNTU::Social sciences::Economic development::China DRNTU::Social sciences::Economic development::Australia China is currently the world’s second largest economy and largest trading nation. She has risen to become the top trading partner of many countries and it has become inevitable that close trading partners of China will be influenced greatly by China’s growth and be dependent on her. The paper aims to examine the degree of trade dependence of Australia and Brazil on China in the period 2000-2012 based on the analysis of a few heavily traded commodities. A trade dependency index is used to determine the degree of dependence of Australia and Brazil on China. The results showed that they are largely dependent on China in a few specific commodities, namely iron ore and coal. Using Chow Test, the paper concluded that there has been a structural change from 1992 to 2012 on the world iron ore price. Particularly, the mid 2000s see the greater significance of China’s demand for iron ore, indicating stronger China growth since the 2000s. The paper then proposed policy recommendations to Australia and Brazil on ways to diversify reliance on China and ride on her growth instead, especially towards the services and agriculture sector for Australia and manufacturing and agricultural sector for Brazil. Bachelor of Arts 2014-04-29T05:59:55Z 2014-04-29T05:59:55Z 2014 2014 Final Year Project (FYP) http://hdl.handle.net/10356/59295 en Nanyang Technological University 90 p. application/pdf |
| spellingShingle | DRNTU::Social sciences::Economic development::China DRNTU::Social sciences::Economic development::Australia Ng, Swee Ying Siew, Jun Zhu Yang, Zihan Impact of China's growth on global commodities market : case studies on Australia and Brazil. |
| title | Impact of China's growth on global commodities market : case studies on Australia and Brazil. |
| title_full | Impact of China's growth on global commodities market : case studies on Australia and Brazil. |
| title_fullStr | Impact of China's growth on global commodities market : case studies on Australia and Brazil. |
| title_full_unstemmed | Impact of China's growth on global commodities market : case studies on Australia and Brazil. |
| title_short | Impact of China's growth on global commodities market : case studies on Australia and Brazil. |
| title_sort | impact of china s growth on global commodities market case studies on australia and brazil |
| topic | DRNTU::Social sciences::Economic development::China DRNTU::Social sciences::Economic development::Australia |
| url | http://hdl.handle.net/10356/59295 |
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