China and India are two of the most important emerging countries in the world. In 2011, based on market/official exchange rates, China was the largest economy in Asia and India was the third largest. With the ongoing economic global slowdown, both India and China are expected to experience...

Two recent phenomena have transformed the nature of world trade: the explosive growth of Chinese trade, and the growth of vertically specialized trade due to international production fragmentation. While vertical specialization may explain much of the growth and unique features of Chinese trade,...

China has emerged as one of the world's leading recipients of foreign direct investment (FDI). Meanwhile, the successful transition experience of many Central and Eastern European countries (CEECs) also enables them to attract an increasing share of global foreign investment, particularly from...