The Discussion Paper examines the opportunities that the rising industrial wages in China will bring for Africa. China has been the industrial workbench of the global economy for decades. However, its competitive advantages are waning, particularly for labour-intensive assembly activities in the...

While neomercantilist policy measures, in the form of both import protection and export subsidization, are still gathering momentum and are just entering their second decade with evidently high growth rates, the dynamic post-war growth of world trade itself has at least temporarily come to a...