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China's integration with the world : development as a process of learning and industrial upgrading

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, selective adaptation, and industrial upgrading. This paper attempts to distill lessons from China's reform and opening up … process, and investigate the underlying reasons behind China's success in trade expansion and economic growth. From its … beginnings with home-grown and second-best institutions, China has embarked on a long journey of reform, experimentation, and …

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Policy uncertainty, trade, and global value chains : some facts, many questions

Constantinescu, Cristina; Mattoo, Aaditya; Ruta, Michele - 2019

This paper attempts to quantify the impact of economic policy uncertainty on overall trade and trade linked to global value chains. Using new data on policy uncertainty for 18 countries and 24 years, it finds a statistically significant negative impact of policy uncertainty on overall trade...

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