Will India overtake China in the next decade?

Ganeshan Wignaraja , 29 September 2011

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There is renewed interest in the Asian giants in the wake of sluggish growth in advanced industrial economies. Over the past decades China and India have become super-exporters and surpassed all other developing countries (Winters and Yusuf 2007; Bardhan 2010). Some are predicting that India’s trade and growth performance will soon outpace China’s.

Topics: Development, International trade
Tags: China, emerging markets, India

Special economic zones: What have we learned?

Thomas Farole, 28 September 2011

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It is more than 50 years since the establishment of the first modern special economic zones. But it is only relatively recently, particularly since the 1990s, that their popularity as a policy instrument has taken off.

Topics: Development, International trade
Tags: China, developing countries, Special economic zones

Is the dragon learning to fly? An analysis of the Chinese patent explosion

Zhihong Yu , Markus Eberhardt, Christian Helmers, 27 September 2011

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China’s economic success over the past three decades has been widely regarded as the result of its ability to produce manufactured goods at low cost, building on the availability of cheap labour and scale economies, while relying on existing (albeit in part advanced) technologies of production.

Topics: International trade, Productivity and Innovation
Tags: China, intellectual property rights, patents

Legal origin: A Chinese perspective

Debin Ma, 14 September 2011

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Recent scholarship stresses the key role of a nation’s 'legal origin' – eg common law versus civil law regimes – in accounting for growth performance, and current financial institutions (La Porta et al 1998). This work, however, has a big hole in it – non-Western legal traditions are nowhere mentioned.

Topics: Development, Economic history, Frontiers of economic research, Institutions and economics
Tags: China, legal origin

China: Temporary trade barriers and recent trends

Piyush Chandra, 4 September 2011

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As tariffs have decreased around the world, many countries have started using other contingent measures of protection, such as antidumping duties, countervailing duties, and safeguards. China too had a period of dramatic tariff liberalisation, with its average tariff decreasing substantially from roughly 40% in 1993 to about 17% in 2000.

Topics: International trade
Tags: China, protectionism

The global saving glut will hold bond yields down

Heleen Mees, 8 August 2011

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The saving glut theory has gone out of fashion – unjustly so. In spite of twin financial crises looming on either side of the Atlantic, US Treasury and German Bund yields have declined in recent weeks. This can be explained by not only the dismal economic growth of the US economy in the first semester of 2011, but also the unrelenting build-up in total debt securities outstanding.

Topics: Global crisis
Tags: China, Eurozone crisis, fiscal crises, global crisis, global imbalances, US

On the Chinese house-price bubble

Christian Dreger, Yanqun Zhang, 15 July 2011

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For many observers, the Chinese economy has been spurred by a bubble in the real-estate market, probably driven by the fiscal stimulus package and massive credit expansion (Nicolas 2009). For example, the stock of loans increased by more than 50% since the end of 2008.

Topics: Macroeconomic policy
Tags: China, house prices, Property market

Emerging partners create policy space for Africa

Helmut Reisen, Jean-Philippe Stijns, 12 July 2011

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Western politicians have watched the increased presence of emerging countries in Africa with much suspicion. Insinuations run from emerging countries – above all China – bringing down governance standards in Africa to them re-indebting, de-industrialising, and cornering African countries into the production of commodities while only enriching the elites.

Topics: Development, International trade
Tags: Africa, Brazil, China, emerging markets, India, South Korea, Turkey

Asia’s supply chain: Implications for rebalancing

Olaf Unteroberdoerster, Jade Vichyanond, Adil Mohommad, 12 June 2011

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Persistent global imbalances are raising concerns about the sustainability of the global recovery and longer-term growth. Global imbalances owe in part to the pattern of exchange rates and demand across major countries.

Topics: International trade
Tags: Asia, China, global imbalances, supply chain, vertical integration

The elephant in the "green room": China and the Doha Round

Aaditya Mattoo, Francis Ng, Arvind Subramanian, 21 May 2011

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The puzzle about the Doha Round of multilateral trade negotiations is not why it is on life support now but how it has survived as a viable multilateral initiative for so long (Schwab 2011). From the very beginning, it was clear that the Round suffered from a lack of private-sector interest, the engine that had driven previous rounds of successful trade negotiations.

Topics: International trade
Tags: China, Doha Round

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