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Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did and began to integrate rapidly with the world economy. With the country’s recent accession to the World Trade Organization (WTO), many of its trading partners are increasingly...
Persistent link: https://www.econbiz.de/10014403900
Increasing fragmentation of production across borders is changing the nature of international competition. As a result …
Persistent link: https://www.econbiz.de/10012973344
Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and … external deficits and surpluses. We assess the macroeconomic impact on Europe of global current account adjustment under …
Persistent link: https://www.econbiz.de/10014400331
international trade and development paradigms. Global value chains now represent a major source of socio-upgrading opportunities and …
Persistent link: https://www.econbiz.de/10012974486
Although both China and India are labor-abundant and dependant on manufactures, their export mixes are very different. Only one product-refined petroleum-appears in the top 25 products for both countries, and services exports are roughly twice as important for India as for China, which is much...
Persistent link: https://www.econbiz.de/10012747660
All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...
Persistent link: https://www.econbiz.de/10011932479
Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm … explicitly the role of export opportunities. Our results indicate that globalization does not affect firm exit significantly but …
Persistent link: https://www.econbiz.de/10014401739
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global...
Persistent link: https://www.econbiz.de/10012840241
Countries and international organizations working on longer-range development issues depend on long-term quantitative … projections and scenario analysis. Such forecasting has become increasingly challenging, thanks to the rapid pace of globalization … with other international organizations, academic centers, and independent experts on important long-term development issues …
Persistent link: https://www.econbiz.de/10012973755
This paper surveys the state of knowledge about the trade-related environmental consequences of a country's development strategy along three channels: (i) direct trade-environment linkages (overexploitation of natural resources and trade-related transport costs); (ii)' virtual trade' in...
Persistent link: https://www.econbiz.de/10012974889