estimated at about 40 percent of world trade. The same has not been true for developing country members, although those that …

In less than three decades, China has grown from playing a negligible role in international trade to being one of the … world's largest exporters, a substantial importer of raw materials, intermediate outputs, and other goods, and both a … recipient and source of foreign investment. Not surprisingly, China's economic dynamism has generated considerable attention and …

China’s high corporate savings rate is commonly claimed to be a key driver for the country’s large current account …

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to … reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of …

very disaggregated goods (e.g., light bulbs) in 83 cities around the world during 1990-2000. We find that the impact of an …

Based on a survey that we designed and that covers a stratified random sample of 12,400 firms in 120 cities in China … regions and sectors. By our calculation, if China succeeds in allocating its capital more efficiently, it could reduce its …