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Since the global crisis, China's foreign trade is no longer driven by its involvement in the global supply chains (i ….e. by processing trade) but its dynamics stems from China’s own domestic demand and supply. For foreign funded enterprises …, China is less and less a production base for export and more and more a domestic market to be captured, as shown by their …
Persistent link: https://www.econbiz.de/10011235040
Since 2007 China has considerably reduced its external global imbalances. Its bilateral trade surpluses with the EU and … the US have persisted because the rise of China’s import demand has mainly benefited its Asian neighbors and the resource … rich countries. The rapid growth of China’s imports of consumption goods from advanced economies, especially from Europe …
Persistent link: https://www.econbiz.de/10010604048
Our work contributes to the literature relating output structure and economic development by showing that growth gains from upgrading are not unconditional. Relying on data from a panel of Chinese cities, we show that the level of capabilities available for domestic firms operating in ordinary...
Persistent link: https://www.econbiz.de/10010827749
part in China’s imports and industrial production. China’s policy towards FDI is at least as important as its exchange rate …The global crisis is forcing China’s economy to become less dependent on foreign markets. Manufacturing industry has to … demand, while Chinese exporting firms are better placed to switch to dynamic emerging markets. China’s ordinary imports have …
Persistent link: https://www.econbiz.de/10008861801
With the progress of information and communication technologies, the cost and efforts to remotely exchange information have drastically fallen. It has created new opportunities to leverage comparative advantages by reorganizing value chains along the geographic dimension and by reconsidering the...
Persistent link: https://www.econbiz.de/10010902180
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We describe the methodology used to construct a global database of foreign direct investments in three dimensions (investor country, host country and sector) for 2004. Based on Eurostat data, we estimate theoretical investments for all countries. Then we constrain our estimates subject to...
Persistent link: https://www.econbiz.de/10010604042
Technological and informational spillovers from multinational firms can be particularly beneficial to domestic firms especially in less developed economies. The technological superiority and management experience of foreign multinational firms yield various opportunities for learning. Yet, the...
Persistent link: https://www.econbiz.de/10008493435
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