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China's economy is opening up to the outside world. This worries those who fear the huge pool of low-cost labor will … drain jobs from U.S. shores, and less expensive goods will spark trade problems. The author points out that China's untapped … jobs that would move to China left the U.S. a long time ago. And with respect to fair trading practices, China has made …
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This paper reexamines the dynamics of hyperinflation by allowing variability in the relative price of capital goods in units of consumption goods that reflects interactions between the real and monetary sectors. The theory generates empirically testable implications that suggest expanding the...
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This paper assesses China's role in Asia as an independent engine of growth, as a conduit of demand from the industrial … and VARs. The results suggest an increasing role of China as an independent source of growth. The microeconomic analysis … trade consistent with China playing an important and increasing role as a conduit. We also estimate some regressions that …
Persistent link: https://www.econbiz.de/10005368409
This Economic Letter is adapted from remarks delivered to the International Financial Institutions Association of California and the National Association of Chinese American Bankers in Santa Monica, California, on October 15, 2004.
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The two Asian giants have achieved rapid and sustained growth -- China by focusing on goods, India by tilting toward …
Persistent link: https://www.econbiz.de/10009274474