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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
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African economies that export natural resources have benefited from positive terms-of-trade effects. In addition, there is …
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This paper provides new evidence of the effects of road construction on both domestic and international trade flows in … those supported by multilateral development banks. We find that road construction helped to reduce trade costs significantly … internal trade costs decreases by 20%, and the ad valorem rate of international trade costs decreases, on average, by 15 …
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scale economies in the import process. Combined, these scale economies amplify the effects of technological change and trade … liberalization, creating a two-way relationship between the chain’s size and its sourcing choice. Falling trade barriers increase … to tariff reductions. Technological innovations account for approximately 60% of Wal-Mart’s growth from 1984–2004 and …
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described as an economy with a relatively large population and land area which plays a dominant role in trade within the region …
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trade within the region and in the regional governance. The regional power develops its technological capacities, and its …
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