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The purpose of this course would be to examine China's opening to and engagement with the rest of the world starting in the early 1980s, and to explore likely future developments. China's opening, which was initiated by landmark reforms introduced in 1979, has gone through two stages and is now in a third. The course would start with the initial stage lasting over a decade during which China sought foreign direct investment and overseas contacts to initiate and support the modernization of its industrial economy. The success of this first round, led in the early 1990s, to intensifying industrialization and increasing reliance on trade and FDI to promote growth and structural change. This part of the course would analyze trade and exchange rate policies, measures taken to incentivize foreign investment, and parallel efforts to enhance the competitiveness of state owned enterprises. It would also discuss how China's engagement with international institutions including the WTO, contributed to the reform process. The third stage of China's opening began gathering momentum around the time of the financial crisis - 2007-2009. It remains work in progress and the course would review how it is unfolding. This stage involves a more proactive engagement with the Asian region and beyond, with China playing a larger role on the world stage via foreign investment, development assistance, internationalization of the RMB, ambitious infrastructure building projects (Silk Roads) to link China with other economies, the creation of financial institutions and signing of treaties to tighten China's linkages with others, and the overseas projection of its military power. <a href="http://bit.ly/1bebp5s" target="_blank">Click here to see evaluations, syllabi, and faculty bios</a>