plausibly exogenous variation in manufacturing imports from China. We find that the so-called 'China shock' largely slows down … the transformation of low- and middle-income economies out of agriculture. In our main specification industrialization … decreases by 0.49 per cent on average for each additional per cent of manufacturing imports from China. It highlights a …

-- Employment -- Productivity growth -- Urbanization -- Industrialization -- Poverty -- Role of the state and policy -- Index …