In recent publications it has been argued that the change of the skill structure of industrial employment is caused by biased technical progress rather than by increasing international trade with low wage countries. However, in linking prices for final goods with prices of primary factors, most...

The objective of this paper is to understand ‘why’ the Chinese firms are investing outside China, and ‘how’ China stands to gain from this decision. For our analysis, we consider the case of China’s trade, and investment relation in the Greater Mekong Sub-region (GMS). We find that a...