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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,...
Persistent link: https://www.econbiz.de/10014211544
This paper uses newly available data on Chinese trade flows to establish novel and confirm existing stylized facts about firm heterogeneity in trade. First, the bulk of exports and imports are captured by a few multi‐product firms that transact with a large number of countries. Second, the...
Persistent link: https://www.econbiz.de/10014216375
The paper first analyzes the pattern of trade for China and India in the new century. We find that: (1) Both countries have high openness ratios that positively associated with their growing labor productivity over years. (2) China’s world export share keeps increasing whereas India maintains...
Persistent link: https://www.econbiz.de/10014178901
As trade between China and African countries continues to expand, so does the debate as regards the developmental outcomes it is likely to produce. This paper examines the trade relations that have developed between the Common Market for Eastern and Southern Africa (COMESA) and China since 2000....
Persistent link: https://www.econbiz.de/10013047961
The General Agreement on Trade in Services (GATS) under the WTO is a newly-born and the first ever multilateral agreement on trade in services. Despite of potential development and welfare prospects abound in the services sector, only moderate liberalization has been achieved under the GATS and...
Persistent link: https://www.econbiz.de/10014193710
Policymakers increasingly view China’s rapidly growing wealth as a threat. China currently ranks second, or perhaps even first, in the world in gross domestic product (although 78th in per capita GDP), and the fear is that China will acquire military prowess commensurate with its wealth and...
Persistent link: https://www.econbiz.de/10013226955
developing Asia's exports and growth. As a result, developing Asian countries are increasingly looking to the People's Republic … trade with the PRC can become an engine of growth for developing Asia. To do so, we examine the structure of PRC's trade … with developing Asia, in particular the relative shares of parts and components versus final goods in its imports from the …
Persistent link: https://www.econbiz.de/10003899253
Developing Asia has traditionally relied on exports to the United States (US) and other industrialized countries for …
Persistent link: https://www.econbiz.de/10003899275
the ‘new normal' of lower economic growth in China will impact on the prospects for trade in the Asia-Pacific region … 2019), forecasts show that China's ‘new normal' (7% p.a.) would lead to a slowdown in real total Asia-Pacific trade growth …
Persistent link: https://www.econbiz.de/10013019643
This paper assesses China's role in Asia as an independent engine of growth, as a conduit of demand from the industrial …
Persistent link: https://www.econbiz.de/10012729011