Reisen, Helmut (contributor); Grandes, Martín (contributor) - 2005
commodity markets, with important repercussions for developing countries. Variations
in China’s output gap will have important repercussions on key global interest and exchange rates.
Second … capital, and by a limited domestic consumer base and low skills, whence the need to
stimulate growth through foreign trade. Those were the days of the two‐gap approach,
pioneered by Chenery and … by the beneficial impact of lower prices for raw materials of which Turkey is a net
importer. Likewise, the impact of a slowdown in China’s output growth will be ambiguous for
the …