African countries have sought to replicate the success of East Asia by implementing special economic zones. Despite decades of international experience, there remains no blueprint for successful special economic zone policies, and the majority of special economic zones fall well below...

This study aims to investigate the relationship between China's exchange rate, foreign direct investment (FDI) inflows and economic development. We applied the bound testing approach on aggregate level data from 1981 to 2013. The results showed that the Chinese economy benefitted from a lower...

Structural transformation is one of the processes of productivity growth urgently needed in Sub-Saharan Africa (SSA). This study uses the catch-up mechanism to analyze how international contacts and domestic absorptive capacity constraints are shaping the pattern of structural transformation in...

It is expected that an Asian triangle of growth will be formed in the coming few decades. China, India and ASEAN surround the Asian triangle, which is home to many industrial clusters. Multinational corporations will link these clusters together. Regional integration will help them in this task...

After decades of low‐level commercial interaction, China and Latin America significantly ramped up their economic relationship in the 2000s. China has jumped to first place as an export destination for many countries, and it is a major source of imports for all countries in the Latin...

This study relates foreign direct investment (FDI) to economic growth, institutional quality and manufacturing value added, using panel data techniques that allow for parameter heterogeneity and non-stationarity. The results confirm that economic growth, institutional quality, and natural...

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...

This paper examines recent technological developments and how they could impact efforts by policymakers and political leaders in developing countries to harness trade and investment liberalization to achieve economic development outcomes.It begins by discussing some of the proven elements to...

This paper examines recent technological developments and how they could impact efforts by policymakers and political leaders in developing countries to harness trade and investment liberalization to achieve economic development outcomes. It begins by discussing some of the proven elements to...

The study explores the influence of environmental risk (macroeconomic uncertainty and environmental sustainability risk) on the inflow of foreign direct investment (FDI), utilizing data from 37 economies in sub-Saharan Africa (SSA) from 1996 to 2019. The empirical analyses were carried out using...