Lawrence, Robert Z. - East Asian Bureau of Economic Research (EABER) - 2013
Since the mid-1990s, ACI growth has improved the non-oil terms of trade of the developed countries. There have also been …-developed manufacturing exporters, worsening their terms of trade and constraining their pricing ability. ACI growth has been especially … markets and enjoying the benefits from intra-industry trade; the challenges will come from increased head-to-head competition …
