Part 1. Overview -- Chapter 1.China’s opening-up policies: achievements and prospects -- Part 2. Import substitution & trade protection -- Chapter 2. The economics of price scissors: an empirical investigation for China -- Chapter 3.Measuring the impact of trade protection on industrial...

Global trade imbalances narrowed in the aftermath of the global financial crisis. They have remained at a lower level but are still of concern to policy makers because of the risks they pose to individual economies, as well as globally. However, the ultimate causes of these imbalances are not...