spectacular advances of the economies of China, India, and Southeast Asia. Section 1 reviews the debate over the sources of … the new recognition among Western economists that the sustained, very rapid growth in China and Southeast Asia was …

We analyze the impact of China's growth on the exports of other Asian countries. Our innovation is to distinguish the … increase in China's demand for imports from its increased penetration of export markets. Using the gravity model, we … disaggregate among commodity types and account for the endogeneity of Chinese exports. We confirm the tendency for China's exports …

, potential impending changes in the Asian monetary and exchange rate regimes in Asia are discussed. Projecting the growth of the … Chinese economy into the future, the weight of the RMB in the financial markets will increase globally as well as in Asia …

play a regional role in Asia equivalent to that of the euro in greater Europe. Proponents of this view argue that China has … assume the role of a global currency similar to the U.S. dollar. Supporters point to China's widely diversified trade and … financial flows and to its institutional initiatives, not just in Asia but around the world. The other is that the renminbi will …

substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there … are substantial reasons that China and India may grow much less rapidly than is currently anticipated. Most importantly … discontinuities account for a large fraction of the variation in growth rates. We suggest that salient characteristics of China …

This paper explores the potential impacts on both China and other major countries of possible mega trade deals. These …-participation countries will lose. If non-tariff barriers are reduced more, the impacts will be larger. All effects to China on welfare, trade …, export and import are positive. Comparatively China-TPP and RCEP will yield the highest welfare outcomes for the US in our …