How will growth in China and India affect the world economy?
| Autor: | Betina Dimaranan, Will Martin, Elena Ianchovichina |
|---|---|
| Rok vydání: | 2009 |
| Předmět: |
Aggregate Productivity
General equilibrium theory media_common.quotation_subject International trade Measurement of Economic Growth Competition (economics) World economy Economics International Linkages to Development Production (economics) Quality (business) Role of International Organizations O190 China Macroeconomic Analyses of Economic Development O110 International Trade Finance Investment and Aid P330 [Socialist Institutions and Their Transitions] media_common National Income Product and Expenditure [Socialist Systems and Transitional Economies] business.industry Money Terms of trade Cross-Country Output Convergence O470 Country and Industry Studies of Trade F140 business General Economics Econometrics and Finance Welfare Inflation P240 |
| Zdroj: | Review of World Economics. 145:551-571 |
| ISSN: | 1610-2886 1610-2878 |
| DOI: | 10.1007/s10290-009-0029-y |
| Popis: | China and India are rapidly growing, labor-abundant economies with very different export mixes. China is more integrated into global production sharing for manufactures, while services exports are more important for India. Even assuming India integrates more comprehensively into global production chains, there will be opportunities for rapid growth in both countries. Improvement in the range and quality of their exports can create substantial welfare benefits for the world, and for China and India, and can offset the terms-of-trade losses otherwise associated with rapid export growth. Most countries will need to respond to increased competition in some sectors, and to greater opportunities in others. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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