Ahearne, Alan G.; Fernald, John G.; Loungani, Prakash; … - Federal Reserve Board (Board of Governors of the … - 2003
the relationship, which
we do not explore here, relates to inflows of foreign direct investment (FDI). Emerging Asian … economies
increasingly use China as an export platform through direct investment in China. On the other hand, China and … labor-
intensive industries. Taiwan, for example, is attracting more investment in high-tech research
facilities as …