Has China Lost Its Edge? Todd C. Lee Managing Director, Greater China Country Intelligence Global Insight
|
|
|
- Mary Arnold
- 5 years ago
- Views:
Transcription
1 Has China Lost Its Edge? Todd C. Lee Managing Director, Greater China Country Intelligence Global Insight
2 China s Export Powerhouse Guangdong Province Reported Large Scale Factory Shutdowns More than 1,000 factories in the shoemaking industry folded in 2007 (1/5 of provincial total) Mostly small and medium-sized firms (SMEs) Between 10 15% of Guangdong s shoemaking capacity Employed between 150, ,000 workers Shutdowns also reported apparel, textiles, plastics, and electronics By official reports, only 224 FIEs left Guangdong in 2007 Mostly SMEs in such labor intensive sectors as toys and apparel More then 90% are Hong Kong firms A survey by Federation of Hong Kong Industries showed 37% of the 80,000 HK firms in Guangdong plan to move at least part of their operations out of Guangdong Source: Global Insight China Regional Service Copyright 2008 Global Insight, Inc. 2
3 Competitiveness Challenges for China Cost Productivity Demographics Human capital Political and social stability Infrastructure/energy Intellectual property Financial system Environment Our Focus Copyright 2008 Global Insight, Inc. 3
4 Renminbi Appreciation Since Depegging in July 2005 (RMB appreciation against major currencies between Sep 2008 & June 2005, percent) Indian Rupee Russian Ruble Brazilian Real Indonesia Rupiah Thai Baht Taiwan Dollar Korean Won Yen Euro US$ Source: Global Insight Country Intelligence Group Copyright 2008 Global Insight, Inc. 4
5 RMB Not Quite Back to the Level around China s WTO Entry (Index, increase reflects appreciation, 1995=1) Asian Crisis China Enters WTO RMB depegged Effective Exchange Rate Real Effective Exchange Rate Source: Global Insight calculations Total goods trade with China s top 20 trading partners in 2005 (excluding Hong Kong) were used as weights; real exchange rates deflated by producer price indices. Copyright 2008 Global Insight, Inc. 5
6 China s Wage Rose Sharply Across All Industries Since Entering WTO 2002 Wage (US$/Hour) Total Manufacturing Wage (US$/Hour) % Change Food Processing Textiles Apparel & Footwear Chemicals Ferrous Metals Non-ferrous Metals Transport Equipment Electrical Machinery & Equipment Electronics, Telecommunications, Computers Source: National Bureau of Statistics, Banister (2006), Global Insight calculations Copyright 2008 Global Insight, Inc. 6
7 But China s Productivity Growth Has Outpaced Wage Growth 1,000 (1980 = 100) Manufacturing Wage Rate (in US$) Manufacturing Value Added per Worker Source: China National Bureau of Statistics, Global Insight Copyright 2008 Global Insight, Inc. 7
8 Combination of Decent Productivity & Low Wage Makes China Competitive 100 (2002, U.S.=100) Mexico Poland Czech Republic Hungary Turkey China India Unit Labor Cost Wage Per Worker Value Added Per Worker Source: van Ark, Banister, Guillemineau (2006) Copyright 2008 Global Insight, Inc. 8
9 Grouping of China s Regions Bohai South East North East Central South West North West Tibet Copyright 2008 Global Insight, Inc. 9
10 Labor Competitiveness Was Dominated by Coastal Regions More than 10 Years Ago (1995 data) Lowest Avg Labor Cost Region (national=100) Highest Avg Labor Prod. Region (national=100) Lowest Unit Labor Cost Region (national=100) Food Products Central (82) South West (178) South West (63) Textile & Clothing North East (61) South East (141) Bohai (91) Wood & Paper North East (65) South East (143) Bohai (84) Chemicals Central (76) South East (132) Bohai (82) Metal Products Central (87) South East (138) Bohai (80) Machinery N.E. & Central (79) South East (152) Bohai (88) Transport Equip. North West (78) South East (167) South East (79) Electronics North East (59) Bohai (153) Bohai (74) Total Manufacturing Central (80) South East (132) Bohai (85) Source: Chen, Wu, van Ark (2008) Copyright 2008 Global Insight, Inc. 10
11 Labor Competitiveness Still Dominated by the Coast, But Other Regions Are Gaining (2004 data) Lowest Avg Labor Cost Region (national=100) Highest Avg Labor Prod. Region (national=100) Lowest Unit Labor Cost Region (national=100) Food Products Bohai/Central (84) South East (164) South West (73) Textile & Clothing Central (71) South East (108) Bohai (82) Wood & Paper North East (75) Bohai (120) Central (76) Chemicals Central (76) South East (121) Bohai (93) Metal Products South West (90) North East (116) South East (96) Machinery Central (78) South East (113) Bohai (90) Transport Equip. North West (87) South East (135) South East (84) Electronics North West (79) Bohai (171) Bohai (76) Total Manufacturing Central (84) South West (110) South West (90) Source: Chen, Wu, van Ark (2008) Copyright 2008 Global Insight, Inc. 11
12 China s Output Composition Is Shifting Away from Light Industry 50 (Value added, percent of national total) Mining Light Industry Heavy Industry High Tech Utilities Other Source: China National Bureau of Statistics Copyright 2008 Global Insight, Inc. 12
13 One-Child Policy Hurts China s Future Demographics (Age population, percent of total population) 75 Peaks at Source: United Nations, Global Insight Copyright 2008 Global Insight, Inc. 13
14 China s Education Enrollment Is Fast Improving (Education gross enrollment rates, percent) Secondary Education 120 Tertiary Education N/A Brazil* Russia India China Brazil Russia India China * Brazil s 2003 secondary net enrollment rate = Source: Carnoy (2006) Copyright 2008 Global Insight, Inc. 14
15 China s Labor Force Is Expected to Become Increasingly Well-Educated 500 (Million laborers) College = mil. Grad Sch. = 11.1 mil College = 51.9 mil Grad Sch. = 1.7 mil. College = 3.9 mil. Grad Sch. = mil Source: Holz (2005) Primary Middle School College and Grad School Copyright 2008 Global Insight, Inc. 15
16 Taking Stock of China s Competitiveness STRENGTHS Fast productivity growth Large domestic market Agglomeration economies Improving human capital Political stability Low security risk WEAKNESSES Fast rising wage in light industries State controlled energy sector Inefficient financial intermediation Environmental degradation Insufficient intellectual property protection Corruption Copyright 2008 Global Insight, Inc. 16
17 Download a copy of this presentation at Thank You Todd C. Lee Managing Director, Greater China Country Intelligence todd.lee@globalinsight.com
Push and Pull Factors for Japanese Manufacturing Companies Moving Production Overseas
Push and Pull Factors for Japanese Manufacturing Companies Moving Production Overseas February 20, 2013 Tsunehiko Yanagihara Mitsubishi International Corporation/Washington Office OUTLINE 1. Hollowing-Out
SEPTEMBER TRADE UPDATE ASIA TAKES THE LEAD
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized SEPTEMBER TRADE WATCH SEPTEMBER TRADE UPDATE ASIA TAKES THE LEAD All regions show an
Lecture III South Korean Economy today
Lecture III South Korean Economy today Lecture 3: South Korean Economy - Current Status and Issues in the future South Korean Economy: Current Status 1 Korean Economy with Numbers GDP (PPP based) S. Korea
China and India:Convergence and Divergence
China and India:Convergence and Divergence I. "What China is good at, India is not and vice versa. The countries are inverted mirror of each other».. «very real possibility that China and India will in
Calculations based on updated figures up to 1 March 2011
SWJMC/2011/2 Joint Maritime Commission Subcommittee on Wages of Seafarers Seafarer s Wages and Hours of Work and the Manning of Ships Recommendation, 1996 (Nr. 187): The updating of the basic Wage of able
INTERNATIONAL LABOUR ORGANIZATION. Subcommittee on Wages of Seafarers of the Joint Maritime Commission
INTERNATIONAL LABOUR ORGANIZATION Subcommittee on Wages of Seafarers of the Joint Maritime Commission SWJMC/2018/1 Geneva 19 20 November 2018 Updating of the minimum monthly basic pay or wage figure for
Survey on International Operations of Japanese Firms (FY2007)
on International Operations of Japanese Firms () March 26 (JETRO) Contents I. outline; profile of respondent firms 3 China now the top site for overseas R&D bases 4 5 (1) More plan overseas than domestic
Dirk Pilat:
Note: This presentation reflects my personal views and not necessarily those of the OECD or its member countries. Research Institute for Economy Trade and Industry, 28 March 2006 The Globalisation of Value
GDP Per Capita. Constant 2000 US$
GDP Per Capita Constant 2000 US$ Country US$ Japan 38,609 United States 36,655 United Kingdom 26,363 Canada 24,688 Germany 23,705 France 23,432 Mexico 5,968 Russian Federation 2,286 China 1,323 India 538
EXECUTIVE SUMMARY. Shuji Uchikawa
EXECUTIVE SUMMARY Shuji Uchikawa ASEAN member countries agreed to establish the ASEAN Economic Community by 2015 and transform ASEAN into a region with free movement of goods, services, investment, skilled
English - Or. English DIRECTORATE FOR SCIENCE, TECHNOLOGY AND INDUSTRY THE CHANGING NATURE OF MANUFACTURING IN OECD ECONOMIES
Unclassified DSTI/DOC(26)9 Organisation de Coopération et de Développement Economiques Organisation for Economic Co-operation and Development 27-Oct-26 English - Or. English DIRECTORATE FOR SCIENCE, TECHNOLOGY
Market Briefing: Trade-Weighted Dollar
Market Briefing: Trade-Weighted Dollar February 12, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 4-664-1333 djohnson@ Mali Quintana 4-664-1333 aquintana@ Please visit our sites at blog.
Recent trade liberalization efforts, including the North American Free Trade Agreement
Industries important in nonmetro areas, such as agriculture, food processing, and tobacco products, have benefited from increasingly open markets and increased exports. However, the textile and apparel
CHINA INTERNATIONAL INBOUND TRAVEL MARKET PROFILE (2015) 2015 U.S. Travel Association. All Rights Reserved.
CHINA INTERNATIONAL INBOUND TRAVEL PROFILE (2015) 2015 U.S. Travel Association. All Rights Reserved. SUMMARY China is one of the fastest-growing inbound travel markets to the United States; it is consistently
FY2014 Survey on the International Operations of Japanese Firms JETRO Overseas Business Survey
Japan External Trade Organization FY2014 Survey on the International Operations of Japanese Firms JETRO Overseas Business Survey March 11, 2015 Japan External Trade Organization (JETRO) Table of contents
An Overview of the Chinese Economy Foundation Part: Macro-economy of the Mainland
Core Module 15 An Overview of the Chinese Economy Foundation Part: Macro-economy of the Mainland The Chinese economy has been growing rapidly for years. Has it reached the level of the developed countries?
Chapter Two WORLD TRADE DEVELOPMENTS
Chapter Two WORLD TRADE DEVELOPMENTS World trade developments Main features The year 2000 witnessed the strongest global trade and output growth in more than a decade. This outstanding expansion of the
Mark Allen. The Financial Crisis and Emerging Europe: What Happened and What s Next? Senior IMF Resident Representative for Central and Eastern Europe
The Financial Crisis and Emerging Europe: What Happened and What s Next? Seminar with Romanian Trade Unions Bucharest, November 2, 21 Mark Allen Senior IMF Resident Representative for Central and Eastern
Ignacio Molina and Iliana Olivié May 2011
Ignacio Molina and Iliana Olivié May 2011 What is the IEPG? The Elcano Global Presence Index (IEPG after its initials in Spanish) is a synthetic index that orders, quantifies and aggregates the external
Cambridge International Examinations Cambridge International General Certificate of Secondary Education
Cambridge International Examinations Cambridge International General Certificate of Secondary Education *9508904847* ECONOMICS 0455/21 Paper 2 Structured Questions October/November 2015 No Additional Materials
UNION COLLEGE DEPARTMENT OF ECONOMICS, FALL 2004 ECO 146 SEMINAR IN GLOBAL ECONOMIC ISSUES GLOBALIZATION AND LABOR MARKETS
UNION COLLEGE DEPARTMENT OF ECONOMICS, FALL 2004 ECO 146 SEMINAR IN GLOBAL ECONOMIC ISSUES GLOBALIZATION AND LABOR MARKETS The Issues wage inequality between skilled and unskilled labor the effects of
Italian Firms, Global Markets 22 May 2012 CCIAA Parma
Italian Firms, Global Markets 22 May 2012 CCIAA Parma Fabio Sdogati fabio.sdogati@polimi.it 1 Table of Contents 1. The Global Scenario 1.1. The Great Recession 1.2. Great Divergences 2. Internationalization
Manufacturing in Mexico
Manufacturing in Mexico Picture: Flickr: José Luis Ruiz Emilio Cervantes Pacheco, MSc Student February 23 rd, 2016. e.cervantes@cranfield.ac.uk Why Mexico? High-productivity and low-cost center. Productivity
Quarterly Survey of Overseas Subsidiaries (Survey from July to September 2016) ~ Summary of the Results ~
Quarterly Survey of Overseas Subsidiaries (Survey from July to September 2016) ~ Summary of the Results ~ December 27, 2016 Research and Statistics Department Ministry of Economy, Trade and Industry 1
Summary. November JBIC Institute Japan Bank for International Cooperation. Copyright 2005 JBIC Institute. All Rights Reserved.
Summary Survey Report on Overseas Business Operations by Japanese Manufacturing Companies Results of JBIC FY 25 Survey: Outlook for Japanese Foreign Direct Investment (7th Annual Survey) November 25 JBIC
Quarterly Survey of Overseas Subsidiaries (Survey from January to March 2016) ~ Summary of the Results ~
Quarterly Survey of Overseas Subsidiaries (Survey from January to March 2016) ~ Summary of the Results ~ June 24, 2016 Research and Statistics Department Ministry of Economy, Trade and Industry 1 About
Quarterly Survey of Overseas Subsidiaries (Survey from April to June 2016) ~ Summary of the Results ~
Quarterly Survey of Overseas Subsidiaries (Survey from April to June 2016) ~ Summary of the Results ~ September 27, 2016 Research and Statistics Department Ministry of Economy, Trade and Industry 1 About
Trade Creates Jobs for Colorado
Trade Creates Jobs for Colorado Creating and preserving quality U.S. jobs is a goal shared by all Americans. With 95 percent of the world s consumers living outside of the United States, it makes sense
Measures of Development HDI
Measures of Development HDI Big Mac Index and Purchasing Power Parity A method of measuring the relative purchasing power of different countries' currencies over the same types of goods and services. Because
Game on Germany! Accessing New Markets in Europe
Chris Schmidt - istockphoto Game on Germany! Accessing New Markets in Europe Peter Alltschekow Managing Director Marketing & Communications Director Eastern Germany I. The Company s Profile: About Germany
Charting Singapore s Economy, 1Q 2016 Publication Date: December 8 th, 2015 Number of pages: 58
Charting Singapore s Economy, 1Q 2016 Publication Date: December 8 th, 2015 Number of pages: 58 Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) You are free to: Share copy and
The Chinese Economy. Elliott Parker, Ph.D. Professor of Economics University of Nevada, Reno
The Chinese Economy Elliott Parker, Ph.D. Professor of Economics University of Nevada, Reno The People s s Republic of China is currently the sixth (or possibly even the second) largest economy in the
The term developing countries does not have a precise definition, but it is a name given to many low and middle income countries.
Trade Policy in Developing Countries KOM, Chap 11 Introduction Import substituting industrialization Trade liberalization since 1985 Export oriented industrialization Industrial policies in East Asia The
The United States Trade Deficit Issue with China and its Economic Effects in 2016
The United States Trade Deficit Issue with China and its Economic Effects in 2016 Item Type text; Electronic Thesis Authors Jiang, Yuanzhi Publisher The University of Arizona. Rights Copyright is held
Charting Singapore s Economy, 1H 2017
Charting Singapore s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published
October 2006 APB Globalization: Benefits and Costs
October 2006 APB 06-04 Globalization: Benefits and Costs Put simply, globalization involves increasing integration of economies around the world from the national to the most local levels, involving trade
Chart Collection for Morning Briefing
Chart Collection for Morning Briefing November 1, 1 Dr. Edward Yardeni 1-97-73 eyardeni@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking outside the box 1 1 Figure 1. US TREASURY
2 EU exports to Indonesia Malaysia and Thailand across
1 EU exports to Indonesia Malaysia and In 2017, the EU exported goods to Indonesia Malaysia and worth EUR 39.5 billion. This is equivalent to 2.1 per cent of total EU exports of goods to non-eu countries.
Summary of the Results
Summary of the Results CHAPTER I: SIZE AND GEOGRAPHICAL DISTRIBUTION OF THE POPULATION 1. Trends in the Population of Japan The population of Japan is 127.77 million. It increased by 0.7% over the five-year
Can Russia Compete? Enhancing Productivity and Innovation in a Globalizing World. Raj M. Desai The Brookings Institution
Can Russia Compete? Enhancing Productivity and Innovation in a Globalizing World Raj M. Desai The Brookings Institution Itzhak Goldberg The World Bank October 15, 2008, The World Bank Outline Introduction
Volume Title: Trade and Protectionism, NBER-EASE Volume 2. Volume Author/Editor: Takatoshi Ito and Anne O. Krueger, editors
This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Trade and Protectionism, NBER-EASE Volume 2 Volume Author/Editor: Takatoshi Ito and Anne
~ Summary of the Results ~
Quarterly Survey of Overseas Subsidiaries (Survey from October to December 2015) ~ Summary of the Results ~ March 25, 2016 Research and Statistics Department Ministry of Economy, Trade and Industry 1 About
China in the Global Economy
China in the Global Economy Lawrence J. Lau, Ph. D., D. Soc. Sc. (hon.) Kwoh-Ting Li Professor of Economic Development Department of Economics Stanford University Stanford, CA 94305-6072, U.S.A. May 28,
Charting South Korea s Economy, 1H 2017
Charting South Korea s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published
Trade, Growth and Poverty in the context of Lao PDR
Trade, Growth and Poverty in the context of Lao PDR Dr. Yan Wang Senior Economist The World Bank Ywang2@worldbank.Org Prepared for the joint workshop on Lao PDR: Trade and The Integrated Framework Vientiane
Migration (IMMI 17/002: Places and Currencies for Paying of Fees) Instrument 2017
Migration (IMMI 17/002: Places and Currencies for Paying of Fees) Instrument 2017 I, Steven Groves, Delegate of the Minister for Immigration and Border Protection, make the following instrument. Dated:
Higher education global trends and emerging opportunities to Kevin Van-Cauter Higher Education Adviser The British Council
Higher education global trends and emerging opportunities to 2020 Kevin Van-Cauter Higher Education Adviser The British Council Outline Where are international students coming from? Trends in Engineering
THE CRACKS IN THE BRICS
Annals of the University of Petroşani, Economics, 9(4), 2009, 273-282 273 THE CRACKS IN THE BRICS SARIKA TANDON, SWAHA SHOME * ABSTRACT: The emerging economies Brazil, Russia, India and China have been
Trade And Inequality With Limited Labor Mobility: Theory And Evidence From China Muqun Li and Ian Coxhead APPENDIX
A-1 Trade And Inequality With Limited Labor Mobility: Theory And Evidence From China Muqun Li Ian Coxhead Contents: APPENDIX A.1. Proof of lemma 1... 1 A.2. Relative labor dem... 2 A.3. Trade balance conditions...
The Global Economic Crisis Sectoral coverage
Working Paper No. 271 The Global Economic Crisis Sectoral coverage Trends in Employment and Working Conditions by Economic Activity Statistical Update Third quarter 2009 Sectoral Activities Department
Charting Indonesia s Economy, 1H 2017
Charting Indonesia s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published
Exchange rate and competitiveness of the economy
Exchange rate and competitiveness of the economy Analytical Note Research and Forecasting Department The Bank of Russia No. 6 May 2017 2 Серия до кла до в Central Bank of the Russian Federation, 2017 Address
Charting Australia s Economy
Charting Australia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June
The Israeli Economy: Current Trends, Strength and Challenges
The Israeli Economy: Current Trends, Strength and Challenges Dr. Karnit Flug Governor of the Bank of Israel 30.06.2017 1 GDP per capita Growth Rates 8 GDP per capita annual % change (2000-2018F) 6 4 2
CRS Report for Congress
Order Code RS21478 Updated February 23, 2004 CRS Report for Congress Received through the CRS Web Thailand-U.S. Economic Relations: An Overview Wayne M. Morrison Specialist in International Trade and Finance
Global Trends in Location Selection Final results for 2005
Global Business Services Plant Location International Global Trends in Location Selection Final results for 2005 September, 2006 Global Business Services Plant Location International 1. Global Overview
Speech on East Asia Conference
Speech on East Asia Conference FENG, Subao Director, Center for International Strategic Studies, CDI I will mainly talk about the relationship of the economy of South China respectively with that of China
Issues in Education and Lifelong Learning: Spending, Learning Recognition, Immigrants and Visible Minorities
Issues in Education and Lifelong Learning: Spending, Learning Recognition, Immigrants and Visible Minorities Dr. Michael Bloom Executive Director, Strategic Projects, & Director, Education and Learning
WHITHER THE PHILIPPINE MANUFACTURING SECTOR: LOOKING BACK, WAY FORWARD
WHITHER THE PHILIPPINE MANUFACTURING SECTOR: LOOKING BACK, WAY FORWARD Ponciano S. Intal Jr. and Edward See I. INTRODUCTION The Philippine manufacturing sector is at the crossroads. On the one hand, the
Inclusion and Gender Equality in China
Inclusion and Gender Equality in China 12 June 2017 Disclaimer: The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development
The Impact of the Global Economic Crisis on Central and Eastern Europe. Mark Allen
The Impact of the Global Economic Crisis on Central and Eastern Europe Fourth Central European CEMS Conference Warsaw, February 25, 211 Mark Allen Senior IMF Resident Representative for Central and Eastern
Chapter 11. Trade Policy in Developing Countries
Chapter 11 Trade Policy in Developing Countries Preview Import-substituting industrialization Trade liberalization since 1985 Trade and growth: Takeoff in Asia Copyright 2015 Pearson Education, Inc. All
Charting Philippines Economy, 1H 2017
Charting Philippines Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published
Charting Cambodia s Economy
Charting Cambodia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June
Belgium s foreign trade
Belgium s FIRST 9 months Belgium s BELGIAN FOREIGN TRADE AFTER THE FIRST 9 MONTHS OF Analysis of the figures for (first 9 months) (Source: eurostat - community concept*) After the first nine months of,
INTERNATIONAL COMPARISON
Chapter 7 INTERNATIONAL COMPARISON OF GENDER INDICATORS Women & Men in India -2017 125 126 International Comparison of Gender Indicators International Comparison of Gender Indicators India is part of many
The End of Textiles Quotas: A case study of the impact on Bangladesh
The End of Textiles Quotas: A case study of the impact on Bangladesh Montie Mlachila and Yongzheng Yang International Monetary Fund June 19, 2004 1 Objective To analyze Bangladesh s vulnerabilities to
Regional benefits from international trade
Regional benefits from international trade Impacts of Trade, Supply Chains and Domestic Policies on Inter-regional trade flows in Canadian and U.S. regions March 22, 2017 Economic Development Trade Toby
2014 BELGIAN FOREIGN TRADE
2014 BELGIAN FOREIGN TRADE 2 3 01 \\ EXPORTS 6 1.1 Geographical developments 1.2 Sectoral developments 02 \\ IMPORTS 14 2.1 Geographical developments 2.2 Sectoral developments 03 \\ GEOGRAPHICAL TRADE
Globalization: It Doesn t Just Happen
Conference Presentation November 2007 Globalization: It Doesn t Just Happen BY DEAN BAKER* Progressives will not be able to tackle the problems associated with globalization until they first understand
The Potential Trade Triangle among. "Greater China", Japan and the United States. The World Bank
The Potential Trade Triangle among "Greater China", Japan and the United States Zhi Wang 1 The World Bank ABSTRACT This paper analyzes the effects of economic integration among Taiwan, Hong Kong and China,
Trade Creates Jobs for Alabama
Trade Creates Jobs for Alabama Creating and preserving quality U.S. jobs is a goal shared by all Americans. With 95 percent of the world s consumers living outside of the United States, it makes sense
Economic Growth and Convergence in the Baltic States: Caught in a Middle Income Trap?
DG ECFIN Seminar Joining the euro and then? How to ensure economic success after entering the common currency 16 June 215, Vilnius, Lithuania Economic Growth and Convergence in the Baltic States: Caught
Trade Basics. January 2019 Why Trade? Globalization and the benefits of trade By Dr. Robert L. Thompson
Trade Basics January 2019 Why Trade? Globalization and the benefits of trade By Dr. Robert L. Thompson Since the conclusion of World War II in 1945, international trade has been greatly facilitated by
Parliamentary Research Branch FREE TRADE IN NORTH AMERICA: THE MAQUILADORA FACTOR. Guy Beaumier Economics Division. December 1990
Background Paper BP-247E FREE TRADE IN NORTH AMERICA: THE MAQUILADORA FACTOR Guy Beaumier Economics Division December 1990 Library of Parliament Bibliothèque du Parlement Parliamentary Research Branch
Policy Challenges for Armenia in the context of Recent Global and Regional Shocks
Policy Challenges for Armenia in the context of Recent Global and Regional Shocks Teresa Daban Sanchez IMF Resident Representative to Armenia November, 215 Outline Global Environment Outlook of the CCA
Benefits and costs of free trade for less developed countries
Benefits and costs of free trade for less developed countries Nina PAVCNIK Trade liberalization seems to have increased growth and income in developing countries over the past thirty years, through lower
Proliferation of FTAs in East Asia
Proliferation of FTAs in East Asia Shujiro URATA Waseda University and RIETI April 8, 2005 Contents I. Introduction II. Regionalization in East Asia III. Recent Surge of FTAs in East Asia IV. The Factors
Gains from Trade. Is Comparative Advantage the Ideology of the Comparatively Advantaged?
Gains from Trade. Is Comparative Advantage the Ideology of the Comparatively Advantaged? Nadia Garbellini 1 Abstract. The topic of gains from trade is central in mainstream international trade theory,
A Regional Manufacturing Platform
Growing Together: Economic Ties between the United States and Mexico A Regional Manufacturing Platform By Christopher Wilson #USMXEcon October 2016 Growing Together: Economic Ties between the United States
China and the Dutch economy
Wim Suyker CPB Netherlands Bureau for Economic Policy Analysis Henri L.F. de Groot CPB, Vrije Universiteit Amsterdam and Tinbergen Institute Presentations at the European Commission (DG Trade) and at the
International Trade in Services: Evolving Issues for Developing Countries
International Trade in Services: Evolving Issues for Developing Countries WTO/ESCAP/ARTNeT Advanced Regional Seminar on Multilateral Negotiations in Services for Asian and Pacific Economies Kolkata, 19-21
ASEAN Emerging Growth, Opportunities & Challenges
ASEAN Emerging Growth, Opportunities & Challenges Carl Lukach President DuPont East Asia Taiwan Innovation Centre Opening June 29, 2011 Inclusive Innovation in Action The Vision of DuPont WE ARE A MARKET-DRIVEN
Has Globalization Helped or Hindered Economic Development? (EA)
Has Globalization Helped or Hindered Economic Development? (EA) Most economists believe that globalization contributes to economic development by increasing trade and investment across borders. Economic
Index. Brazil debt 16, 17, 29 education 21, 22 employment and unemployment 19
Index African developing 25, 26,27 : Hong Kong 38, 39; 157; Philippines 173, 174, 175; Singapore 88, 89; Taiwan 111, 112, 113;, 196 Aquino, C. 164 Argentina debt 16, 17, 29 education 21, 22, 24 exports
March 2016 Potential and Outlook for the
March 2016 Potential and Outlook for the Pacific Alliance Outline 1 Pacific Alliance: aiming for integration into the global economy 2 Pacific Alliance: outlook and challenges Page 2 China United States
Foreign Trade of China
Foreign Trade of China K.C. Fung University of California, Santa Cruz Hitomi Iizaka University of California, Santa Cruz Sarah Tong University of Hong Kong June 2002 Paper prepared for an international
INTERNATIONAL GENDER PERSPECTIVE
Chapter 7 INTERNATIONAL GENDER PERSPECTIVE OF DEVELOPMENT INDICATORS Women & Men In India 2016 115 116 International Gender Perspective International Gender Perspective of Development Indicators India
How the East Grew Rich
China Development Bank Financial Research Centre How the East Grew Rich by Lawrence J. Lau Working Paper No. 11 December 213 Institute of Global Economics and Finance The Chinese University of Hong Kong
GLOBALIZATION S CHALLENGES FOR THE DEVELOPED COUNTRIES
GLOBALIZATION S CHALLENGES FOR THE DEVELOPED COUNTRIES Shreekant G. Joag St. John s University New York INTRODUCTION By the end of the World War II, US and Europe, having experienced the disastrous consequences
CRS Issue Brief for Congress
Order Code IB98014 CRS Issue Brief for Congress Received through the CRS Web China s Economic Conditions Updated May 15, 2006 Wayne M. Morrison Foreign Affairs, Defense, and Trade Division Congressional
Classification of Non-tariff Measures in Cambodia
Chapter 4 Classification of Non-tariff Measures in Cambodia Chap Sotharith Cambodian Institute for Cooperation and Peace C. Ruth Elisabeth L. Tobing Center for Inclusive and Sustainable Development Prasetiya
The Comparative Advantage of Nations: Shifting Trends and Policy Implications
The Comparative Advantage of Nations: Shifting Trends and Policy Implications The Nobel Prize-winning economist Paul Samuelson once famously argued that comparative advantage was the clearest example of
EU exports to Indonesia, Malaysia and Thailand
EU exports to Indonesia, Malaysia and Note prepared for the Malaysian Palm Oil Council May 2018 EU exports of goods to Indonesia, Malaysia and amounted to EUR 39.5 billion in 2017 and supported at least
Vietnam s Current Development Policies: An Overview
Vietnam s Current Development Policies: An Overview Still early days Still predominantly rural 90 80 70 60 50 40 30 20 10 0 Rural population (%) Agricultural labor force (%) 1989 1991 1993 1995 1997 1999
Outlook on the Chinese Economy
Outlook on the Chinese Economy Lawrence J. Lau, Ph. D., D. Soc. Sc. (hon.) Kwoh-Ting Li Professor of Economic Development Department of Economics Stanford University Stanford, CA 94305-6072, U.S.A. July
Emerging Market Consumers: A comparative study of Latin America and Asia-Pacific
Emerging Market Consumers: A comparative study of Latin America and Asia-Pacific Euromonitor International ESOMAR Latin America 2010 Table of Contents Emerging markets and the global recession Demographic
Trade Costs and Export Decisions
Chapter 8 Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises Trade Costs and Export Decisions Most U.S. firms do not report any exporting activity at all sell only
Appendix B A WTO Description of the Trade Policy Review Mechanism
Appendix B A WTO Description of the Trade Policy Review Mechanism Introduction and Objectives Introduction The Trade Policy Review Mechanism (TPRM) was introduced into GATT in 1989 following the Mid-Term
Benefits and Challenges of Trade under NAFTA: The Case of Texas
Benefits and Challenges of Trade under NAFTA: The Case of Texas AUBER Fall Conference Albuquerque New Mexico October 2017 Jesus Cañas Federal Reserve Bank of Dallas The views expressed in this presentation