The economic emergence of the world's most populous nation is having a big impact on everyone else. Tony Venables and Linda Yueh analyse which countries, industries and workers are likely to benefit and which may lose out from the continuing challenge of the China effect.

Chinese economic growth has been spectacular in the last 30 years.  We investigate the role of International Joint Ventures with Technology Transfer agreements, an understudied area.  Technology transfer is the traditional mechanism for developing countries to "catch up" and has been a key...