International Business

China's Growing Role in World Trade (National Bureau of by Robert C. Feenstra, Shang-Jin Wei

By Robert C. Feenstra, Shang-Jin Wei

In under 3 a long time, China has grown from enjoying a negligible function in global exchange to being one of many world's greatest exporters, a considerable importer of uncooked fabrics, intermediate outputs, and different items, and either a recipient and resource of overseas funding. no longer strangely, China's monetary dynamism has generated massive cognizance and obstacle within the usa and past. whereas a few analysts have warned of the aptitude pitfalls of China's rise—the lack of jobs, for example—others have highlighted some great benefits of less costly items and providers bought by means of U.S. shoppers in addition to new industry and funding possibilities for U.S. companies. Bringing jointly knowledgeable team of members, China's transforming into position in global exchange undertakes an empirical research of the consequences of China's new prestige. The essays amassed the following supply distinctive analyses of the microstructure of exchange, the macroeconomic implications, sector-level matters, and overseas direct funding. This volume's cautious exam of micro information in mild of demonstrated monetary theories clarifies a few misconceptions, overturns a few traditional knowledge, and files information styles that improve our figuring out of concerns regarding China's exchange.

Show description

Read or Download China's Growing Role in World Trade (National Bureau of Economic Research Conference Report) PDF

Best international business books

Economic Liberalism and Its Rivals: The Formation of International Institutions among the Post-Soviet States

This booklet examines the serious function that the commercial rules of nation leaders play within the construction and upkeep of the foreign fiscal order. Drawing on an in depth research of the fifteen post-Soviet states of their first decade of independence, interviews with key decision-makers and using closed ministerial information, the e-book explores how the altering rules of kingdom officers led nations to persist with considered one of 3 institutional paths: quick access into the realm exchange Organizaiton, participation in a nearby Customs Union according to their past Soviet ties, or autarky and fiscal closure.

International Accounting Standards: from UK standards to IAS, an accelerated route to understanding the key principles of international accounting rules

This instruction manual is aquick connection with overseas Accounting criteria and is designed for all those that have interaction with monetary details, and wish an sped up path to knowing the foremost ideas of foreign accounting principles. it's crucial interpreting for all contributors of the administration workforce.

A Global Ethic for Global Politics and Economics

Because the 20th century attracts to a detailed and the frenzy to globalization gathers momentum, political and fiscal concerns are crowding out very important moral questions about the form of our destiny. Now, Hans okay? ng, one of many world's preeminent Christian theologians, explores those matters in a visionary and cautionary examine the arrival worldwide society.

The Global Economy and International Financing

Government choice makers are coming to appreciate that strategic administration, nationwide executive regulations, and the overseas public zone are all similar, frequently in refined methods. overseas markets now have much more effect on company functionality. Dr. Beenhakker familiarizes readers with a multifaceted method of determination making in a global context, concentrating on the interactions among the personal and public sectors.

Extra resources for China's Growing Role in World Trade (National Bureau of Economic Research Conference Report)

Sample text

The smuggling of art, and the art of smuggling: Uncovering illicit trade in cultural property and antiques. American Economic Journal: Applied Economics. Harrigan, James. 2006. Airplanes and comparative advantage. NBER Working Paper no. 11688. Cambridge, MA: National Bureau of Economic Research. Koopman, Robert, Zhi Wang, and Shang-Jin Wei. 2008. How much of Chinese exports is really made in China? Assessing domestic value added when processing trade is prevalent. NBER working paper no. 14109. Cambridge, MA: National Bureau of Economic Research.

The skill intensity is measured as the ratio of nonproduction workers to total employment from the Indonesian manufacturing census at the five-digit ISIC level for 1992. 5, we see that there is hardly any shift in the curve indicating no change in the skill content of China’s nonprocessing exports. 1). Although imported inputs account for a large share of the value of processing exports, there still remains a significant amount of value added in China in processing exports, and there could be a shift in the skill content within that portion.

When China was negotiating its entry into the GATT/WTO during 1991 24 Robert C. Feenstra and Shang-Jin Wei to 2001, one might hypothesize that China’s trading partners may strategically target antidumping cases in sectors in which China had higher tariffs, as a way to pressure China to increase the scope of its own trade liberalization. If this is true, it could give a relatively benign interpretation. Bown formally tests this hypothesis but finds no support in the data. In other words, it is unlikely that China’s trading partners employed antidumping investigations systematically as a tool to encourage China to undertake bigger trade liberalizations in the corresponding sectors.

Download PDF sample

Rated 4.85 of 5 – based on 7 votes