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China's Growing Economic Activity in Africa

Besada, Hany - 2008

Trade between the whole of Africa and China (imports and exports summed) grew from $10.6 billion to $73.3 billion … between 2000 and 2007, and between Sub-Saharan Africa and China from $7 billion to $59 billion over the same period. China is … million in 1990 to $2.6 billion in 2006. On the basis of these data, one frequently hears the claim that China is now a …

Persistent link: https://www.econbiz.de/10012771826

Trade and Foreign Direct Investment in China : a Political Economy Approach

Branstetter, Lee; Feenstra, Robert C. - 2021

We view the political process in China as trading off the social benefits of increased trade and foreign direct … of this model are estimated using province-level data on foreign direct investment and trade flows in China, over the … China may find it politically difficult to follow through with liberalizing its trade and investment regimes, such as under …

Persistent link: https://www.econbiz.de/10013226168

The Two Crises of International Economics

Dooley, Michael P. - 2010

In this essay, we argue that key assumptions in international macroeconomic theory, though useful for understanding the economic relationships among developed countries, have been pushed beyond their competence to include relationships between developed economies and emerging markets. The...

Persistent link: https://www.econbiz.de/10012759976

Trade and Structural Interdependence between the U.S. And the Nics

Branson, William H. - 2022

During the decade since 1973, the U.S. economy has become increasingly interdependent with the newly industrializing countries (NICs) among the developing countries. These countries have had high investment ratios to GNP, financed mainly by domestic saving, but also partly by foreign borrowing....

Persistent link: https://www.econbiz.de/10014112639

The Rise of Middle Kingdoms : Emerging Economies in Global Trade

Hanson, Gordon H. - 2012

-income countries into the global economy. Led by China and India, the share of developing economies in global exports more than doubled … between 1994 and 2008. One feature of new trade patterns is greater South-South trade. China and India have booming demand for …-South commerce overtakes North-North flows. China's export specialization evolves rapidly over time, revealing a capacity to speed up …

Persistent link: https://www.econbiz.de/10013108243

Transmission of the U.S. Subprime Crisis to Emerging Markets : Evidence on the Decoupling-Recoupling Hypothesis

Dooley, Michael P. - 2010

We find that emerging markets appeared to be somewhat insulated from developments in U.S. financial markets from early 2007 to summer 2008. From that point on, however, emerging markets responded very strongly to the deteriorating situation in the U.S. financial system and real economy. Policy...

Persistent link: https://www.econbiz.de/10013152377

Exchange Market Pressure and Absorption by International Reserves : Emerging Markets and Fear of Reserve Loss During the 2008-09 Crisis

Aizenman, Joshua - 2010

This paper evaluates how the global financial crisis emanating from the U.S. was transmitted to emerging markets. Our focus is on the extent that the crisis caused external market pressures (EMP), and whether the absorption of the shock was mainly through exchange rate depreciation or the loss...

Persistent link: https://www.econbiz.de/10013138399

Globalization and Multiproduct Firms

Nocke, Volker - 2013

We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the...

Persistent link: https://www.econbiz.de/10013076573

Intra-Industry Foreign Direct Investment

Alfaro, Laura - 2010

We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries -- close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich...

Persistent link: https://www.econbiz.de/10012759786

Trade and Investment in the Global Economy

Anderson, James E. - 2017

We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology capital. The model nests structural gravity sub-systems for FDI and trade, with accumulation/decumulation of phyisical and technology capital in transition to the steady state....

Persistent link: https://www.econbiz.de/10012948432