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Because international trade theory has not provided an unambiguous prediction on the impact of trade on growth, a vast literature tried to identify the relationship empirically. After summarizing the influential large country case studies of the 1970s and early 1980s - which showed the folly of...
Persistent link: https://www.econbiz.de/10013138515
The weak global GDP growth since the financial crisis in 2007-2009 has coincided with unusually weak growth in global trade. Organisations that monitor international macro-economic development have identified growing protectionism – not least the increase in non-tariff barriers to trade, such...
Persistent link: https://www.econbiz.de/10013224809
The Generalized System of Preferences (GSP) - a system of differential and favorable trade arrangements toward less developed countries - has been around since the early 1970s. A primary objective of GSP schemes, sponsored by developed industrialized countries, especially by the United States...
Persistent link: https://www.econbiz.de/10014217693
Persistent link: https://www.econbiz.de/10013125802
even first, in the world in gross domestic product (although 78th in per capita GDP), and the fear is that China will …Policymakers increasingly view China’s rapidly growing wealth as a threat. China currently ranks second, or perhaps ….However, even if it continues to rise, China does not present much of a security threat to the United States. China does not harbor …
Persistent link: https://www.econbiz.de/10013226955
This paper assesses how regional trade agreements (RTAs) impact growth volatility on a worldwide sample of 170 countries with data spanning the period 1978-2012.Notwithstanding concerns that trade openness through RTAs can heighten exposure to shocks, in particular when it leads to increased...
Persistent link: https://www.econbiz.de/10013015607
China under different tariff rates (1%, 5%, 25%, 50%, and 100%) to evaluate the final impact on its ratio of exports, ratio …
Persistent link: https://www.econbiz.de/10012866850
The comparison of the key features of trade integration processes and the economic outcomes in China and India reveals … manufacturing trade, have gone further and that this is likely one of the key determinants of better economic performance of China …. Still, China’s integration process so far remains characterized by a certain duality. On the one hand the opening up of …
Persistent link: https://www.econbiz.de/10003746305
The paper reviews the evidence of the impact of trade liberalisation on the economic performance of poor developing countries with respect to trade and the balance of payments, economic growth, poverty reduction, the distribution of income within countries, and the distribution of income between...
Persistent link: https://www.econbiz.de/10014158967
China’s unprecedented growth rate in the last decade is driven by its role as the global manufacturing powerhouse, but …
Persistent link: https://www.econbiz.de/10013233251