trade in the light of China's rise in the global economy. The existing scholarly work suggests that economic diplomacy … should be more pivotal in economic exchange with China than with Western market economies. In an econometric test, I analyze …

compute capital and labor misallocations in China and India using data for 26 sectors over the period 1980-2010. Our findings … stemming from an efficient allocation of factors to range from 25% to 35% in China and from 35% to 40% in India. Finally, we …