Download or read book Substitution between foreign capital in china india the rest of the world and latin america much ado about nothing written by Marcelo Olarreaga and published by World Bank Publications. This book was released on 2012 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the impact of the emergence of China and India on foreign capital stocks in other economies. Using bilateral data from 1990-2003 and drawing from the knowledge-capital model of the multinational enterprises to control for fundamental determinants of foreign capital stocks across countries, the evidence suggests that the impact of foreign capital in China and India on other countries' foreign capital stocks has been positive. This finding is robust to the use of ordinary least squares, Poisson, and negative binomial estimators; to the inclusion of time and country-pair fixed effects; to the inclusion of natural-resource endowments; and to the use of the sum of foreign capital stocks in Hong Kong (China) and mainland China instead of using only the latter's foreign capital stocks. There is surprisingly weak evidence of substitution in manufacturing foreign capital stocks away from Central America and Mexico in favor of China, and from the Southern Cone countries to India, but these findings are not robust to the use of alternative estimation techniques.
Download or read book China s and India s Challenge to Latin America written by Daniel Lederman and published by World Bank Publications. This book was released on 2008-10-31 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic successes of China and India are viewed with admiration but also with concern because of the effects that the growth of these Asian economies may have on the Latin American and Caribbean (LAC) region. The evidence in 'China's and India's Challenge to Latin America' indicates that certain manufacturing and service industries in some countries have been negatively affected by Chinese and Indian competition in third markets and that LAC imports from China and India have been associated with modest unemployment and adjustment costs in manufacturing industries. The book also provides substantial evidence of positive aggregate effects for LAC economies associated with China's and India's greater presence in world exports, financial flows, and innovation. Chinese and Indian growth is creating new production possibilities for LAC economies, particularly in sectors that rely on natural resources and scientific knowledge.
Download or read book Routledge Handbook of Industry and Development written by John Weiss and published by Routledge. This book was released on 2015-09-16 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Industry and Development is a global overview of industrialisation. Each chapter will provide readers with contemporary insights into this this essential aspect of economic development. Industrialisation has been at the forefront of discussion on economic development since the earliest days of development economics. But over the last fifty years, the manufacturing sectors of different countries and regions have grown at strikingly different rates. In 1960 developing countries took a very small share of global manufacturing production. Today the position had changed radically with fast growth of manufacturing in many parts of what was originally the developing world, particularly in China and the rest of East Asia. On the other hand, countries in Africa and parts of Latin America have been largely left behind by this process of industrialisation. This volume aims to illuminate this uneven development and takes stock of the current issues that hinder and support industrialisation in low and middle income economies. This Handbook is a collection of chapters on different aspects of industrialisation experience in a range of countries. Key themes include, the role of manufacturing in growth, the nature of structural change at different stages of development, the role of manufacturing in employment creation, alternative options for trade and industrial policy, the key role of technology and technical change, and the impact of globalisation and the spread of global value chains and foreign direct investment on prospects for industrialisation. Several chapters discuss individual country experiences with examples from India, Mexico, South Africa and Tanzania, as well as an overview of African industrialisation. This authoritative Handbook will be a key reference source for those studying or wishing to understand contemporary economic development. Offering inspiration and direction for future research, this landmark volume will be of crucial importance to all development economics scholars and researchers.
Download or read book China in Latin America Political and Economic Implications of Beijing s Involvement in the Region written by Niccolo Locatelli and published by Universal-Publishers. This book was released on 2011-02-15 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Relations with Latin America have never been and will probably never be a priority for the People's Republic of China (PRC), as they will be a dependent variable of domestic economic needs and other more important foreign policy goals among all, the ties with the United States. During the first forty years of existence, geopolitical and economic considerations (Latin America was considered to be Washington's backyard and the economies of the region were not complementary with that of China) were keeping the PRC away from the area; nevertheless, things have changed ever since the end of the Cold War, and more so since the new millenium. The PRC finds in Latin America a market of 500 million people and an almost infinite source of commodities: it currently gets from here around 17% of its overall agricultural products imports, and 11% of its fuel and mining ones. It is a big buyer of three of the four Latin American commodities (soy, copper and oil) and it's increasing its purchases of the fourth, coffee. The region is also a valuable partner in the struggle for a new world order, more democratic and more concerned with the stakes of the developing countries; it is a 33-wide voting block whose consensus is useful whenever the human rights policy of the PRC comes under the scrutiny of the United Nations or any of its agencies. Finally, Latin America is a pawn in the battle for the sovereignty over Taiwan, since 12 of the 23 countries that recognize the Republic of China (ROC) are in the area, mainly in Central America and the Caribbean, plus Paraguay alone in South America. For Latin America, the PRC is a huge 1.3 billion people market and a potential source of much-needed Foreign Direct Investment, which in actuality turns out to be smaller than expected and mostly concentrated in the fiscal heavens of the Caribbean. Politically, besides the partnership in the struggle for a new world order, the mere existence of a China-option is itself a source of leverage when Latin American countries have to deal with the United States, who now have to face a competitor on trade and politic issues in what used to be their backyard. Apparently, deepening ties with Latin America is a winning solution for the PRC. The same is not completely true for Latin America, whose relationship with Beijing can be beneficial, but with some caveats. As far as bilateral trade is concerned, the problem is that of export concentration: in 2006, 62.5% of the region's exports to China were in the commodity sector - it was just 35% in 1995. This leaves Latin America, especially South America, exposed to the price volatility of its resources, which is historically more elevated than that of the manufactured goods and breeds macroeconomic uncertainty in a region that has always struggled with that issue. Furthermore, export concentration in the commodity sector, as far as the terms of trade are favorable as in the years before the ongoing global crisis, might hinder the upgrading of the industrial structure of those countries who find in it an easy and quick source of revenues. A positive effect on the welfare of the people and the fight against poverty and inequality is not automatically related to the blossoming of exports of natural resources, but depends on economic policy choices. A more recent, less studied aspect of Sino-Latin American trade is the increasing penetration of Chinese manufactured goods in the domestic markets of the region: while initially outplacing foreign competitors, the flow is becoming a source of concern for businesses in the textile sector of countries like Argentina, Brazil, and Mexico, who find it hard to compete with the minimum cost of labor that makes Chinese goods so cheap. That explains why the region has tariffs on imports from the Middle Kingdom that are 10% above world average (20% in the case of South America). Competition with Chinese manufactures in the third markets is also Central America's main problem in its re
Download or read book 17th International ITF OECD Symposium on Transport Economics and Policy Benefiting from Globalisation Transport Sector Contribution and Policy Challenges written by International Transport Forum and published by OECD Publishing. This book was released on 2008-10-03 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: Opportunities for individuals and businesses to benefit from globalisation are increased by efficient, cost-effective transport networks. A competitive, responsive, well-organised transport sector facilitates trade and creating the conditions for this poses policy challenges that must be tackled.
Download or read book INDIA S GDP LOW WHY written by Dr. V.V.L.N. Sastry and published by Idea Publishing. This book was released on 2020-04-06 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: India is the second most populous country in the world. India’s economy is characterized by marginalization and exclusion due to social inequalities. Low rates of female participation in the labor force has also hampered the growth of the Indian economy. The majority of businesses in India are small-scale enterprises (SSEs). It does not have adequate skilled workers given that its system of offering vocational training is not tailor-made to address the specific needs of the informal or casual labor force which makes up for at least 90% of the total workers in India. State governments play a major role in the allocation of resources as they account for approximately 57% of total expenditure in India. Most Indian firms depend on politicians and public officials for resources supplied by the government to facilitate various aspects of their operations. Agriculture, manufacturing, and services are the main economic sectors in India. Therefore, they would provide a good indication of the economic health of the country. India has one of the largest service sectors in the world and is the export hub of software services. Its market share in the total global outsourcing market is approximately 55%. India’s middle class is expected to grow economically to account for 17% of the global consumption, which would be second largest in the world. Increase in the young working population is also expected to contribute towards the future growth of the manufacturing sector in India. India is the 7th largest country in the world in terms of national nominal GDPs. But, the GDP does not commensurate with the population it boasts of as the per capita income is very low and lesser than per capita income of Argentina, Malaysia,Mexico, and Nigeria. It is also the third largest economy in the world in terms of national purchasing power parity (PPP). However, India is striving to achieve economic development to match the economies of developed nations. India has a long way to go to match these economies. This book deals with the finer aspects of India’s GDP and introspects the reasons for its low GDP.
Download or read book Strengthening China s and India s Trade and Investment Ties to the Middle East and North Africa written by and published by World Bank Publications. This book was released on 2009 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: China and India's spectacular economic rise over the last two decades has accelerated their trade and investment flows with the Middle East and North Africa (MENA), particularly with the oil-producing countries. And while these flows are still small, China and India's presence in the region is on the rise. This report focuses on the following questions: what have been evolution and the impact of MENA's trade and investment relations with China and India? what actions can be taken to maximize the benefits from these relations and to enhance MENA's international integration? The main findings indicate that the region as a whole has benefited from the rise of China and India in terms of better terms of trade, significant increases in oil and gas exports, and cheaper imports. However, producers of industrial goods have been negatively-and in a few cases severely-affected by competition with the two Asian countries in both third and domestic markets. While China and India are investing more in MENA, they are contributing very little to job creation or to the transfer and diffusion of technology. Faster growth in the two Asian countries-and the associated higher demand for energy-will increase revenues from oil and the difficult choices associated with their management. For the labor-abundant, non oil-producing countries, competition with China and India will increase. But the lack of competitive manufacturing industries and services, the insufficient attention given in the past to building technological capabilities and promoting openness and entrepreneurship are constraining their ability to respond to competition. They need to accelerate productivity to tackle unemployment, especially among youth. This may require the broader institutional changes seen in China and India-suggesting the importance of a pragmatic reform agenda that can accelerate productivity, trade, and investment in the region.
Download or read book Global Economic Prospects 2007 written by World Bank and published by World Bank Publications. This book was released on 2006 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the next 25 years developing countries will move to center stage in the global economy. Global Economic Prospects 2007 analyzes the opportunities - and stresses - this will create. While rich and poor countries alike stand to benefit, the integration process will make more acute stresses already apparent today - in income inequality, in labor markets, and in the environment. Over the next 25 years, rapid technological progress, burgeoning trade in goods and services, and integration of financial markets create the opportunity for faster long-term growth. However, some regions, notably Africa, are at risk of being left behind. The coming globalization will also see intensified stresses on the "global commons." Addressing global warming, preserving marine fisheries, and containing infectious diseases will require effective multilateral collaboration to ensure that economic growth and poverty reduction proceed without causing irreparable harm to future generations."
Download or read book It s Nothing Seriously written by John McGreal and published by Troubador Publishing Ltd. This book was released on 2016-04-21 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: It’s Silence, Soundly, It’s Nothing, Seriously and It’s Absence, Presently, continue The ‘It’ Series published by Matador since The Book of It (2010). They constitute another stage in an artistic journey exploring the visual and audial dialectic of mark, word and image that began over 25 years ago. In their aesthetic form the books are a decentred trilogy united together in a new concept of The Bibliograph. All three present this new aesthetic object, which transcends the narrow limits of the academic bibliography. The alphabetical works also share a tripartite structure and identical length. The Bibliograph itself is characterised by its strategic place within each book as a whole as well as by the complex variations in meaning of the dominant motifs – nothing/ness, absence and silence – which recur throughout the alphabetical entries that constitute the elements of each text. It’s Nothing, Seriously, for example, addresses the amusing paradox that so much continues to be written today about – nothing! The aleatory character of the entries in the texts encourage the modern reader to reflect on each theme and to read them in a new way. The reader is invited as well to examine their various inter-textual relations across given conventional boundaries in the arts and sciences at several levels of physical, psychical & social reproduction.
Download or read book World Economic Outlook April 2008 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2008-04-09 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global expansion is losing speed in the face of a major financial crisis. The slowdown has been greatest in the advanced economies, particularly in the United States, where the housing market correction continues to exacerbate financial stress. The emerging and developing economies have so far been less affected by fi nancial market developments and have continued to grow at a rapid pace, led by China and India, although activity is beginning to slow in some countries. At the same time, headline infl ation has increased around the world, boosted by the continuing buoyancy of food and energy prices. Policymakers around the world are facing a diverse and fast-moving set of challenges, and although each country's circumstances differ, in an increasingly multipolar world it will be essential to meet these challenges broadly, taking full account of cross-border interactions. The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.
Download or read book Journal of Economic Integration written by and published by . This book was released on 2008 with total page 1098 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book China in Latin America written by Robert Evan Ellis and published by . This book was released on 2009 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Through exhaustive field research and interviews, Ellis inventories, country by country, China's rapidly expanding commercial and diplomatic presence in Latin America and the Caribbean. The irresistible allure of trade with the Chinese is a mixed blessing for the region: to transport raw materials and agricultural goods, a new East-West infrastructure is expanding Pacific coast ports from Mexico to Chile, once again leaving Latin America overly dependent on the export of low-value-added commodities. And although China's motives may be primarily commercial, the implications of its incursions are geopolitical: visiting Chinese leaders have declared Argentina, Brazil, Mexico, and Venezuela to be "strategic partners." As Ellis documents, China is investing heavily in Venezuelan crude oil, despite worries over Hugo Chávez's volatility and fears of embroiling itself in disputes between Caracas and Washington. China - together with illiberal petrostates - is a vital backstop for Chávez's authoritarian populist project and unrelenting drive to undercut U.S. interests and influence in the region. Inexplicably, Foggy Bottom has seemed largely oblivious to this concerted geopolitical challenge so close to home." -- www.foreignaffairs.com (Oct.15, 2010).
Download or read book Economic Transitions with Chinese Characteristics written by Arthur Sweetman and published by Queen's School of Policy Studies. This book was released on 2009 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Transitions with Chinese Characteristics: Social Change During Thirty Years of Reform explores a broad set of issues from an economic perspective. It addresses issues ranging from land tenure and housing to migration, labour markets, healthcare, demographics, and more. After 30 years of incredibly rapid economic growth, standards of living in China have increased appreciably and many families have been raised from poverty. New concerns, such as economic inequality and environmental degradation, are, however, arising. Economic issues related to China's reforms are explored in an accessible manner by a wide array of Chinese and international scholars who use this anniversary to take stock of, and provide insight into, the remarkable transitions underway. Contributors include Bruce Anderson (Queen's University), Gordon Betcherman (World Bank), John Cai (Fudan University), Jie Chen (Fudan University), Zhao Chen (Fudan University), Weili Ding (Queen's University), Julan Du (Chinese University of Hong Kong), Peilei Fan (Michigan State University), Emily M. Hill (Queen's University), Gary H. Jefferson (Brandeis University), Stever F. Lehrer (Queen's University), Shuzhuo Li (Xi'an Jiaotong University), Xiaofeng Liu (Fudan University), Ming Lu (Fudan University), Changyuan Luo (Fudan University), Warren Mabee (Queen's University), John Meligrana (Queen's University), Stephen Morgan (University of Nottingham), Naoki Murakami (Nihon University), Wenwei Ren (Fudan University), Ana Revenga (World Bank), Yucheng Sang (Fudan University), Christoph M. Schimmele (University of Victoria), Arthur Sweetman (Queen's University), Minna Hahn Tong (World Bank), Guanghua Wan (Yunnan University), Yongqin Wang (Fudan University), Kailei Wei (Hainan University), Guanzhong James Wen (Trinity College), Sonia M.L. Wong (Lingnan University), Zheng Wu (University of Victoria), Rudai Yand (Peking University), Shujie Yao (University of Nottingham), Yang Yao (Peking University), Linda C.W. Yung (Chinese University of Hong Kong), Jun Zhang (Fudan University), Yan Zhang (Fudan University), Ye Zhang (Nanjing University), Yuan Zhang (Fudan University), and Zhiyao Zhang (Fudan University)
Download or read book Global Economic Prospects written by World Bank and published by World Bank Publications. This book was released on 2007 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Economic Prospects 2007 explores the short-, medium-, and long-term outlook for the global economy and the implications for developing countries and poverty reduction. This year's edition examines how the international community, in managing the process of integration, will shape the world of 2030.
Download or read book Global Economic Prospects written by and published by . This book was released on 2005 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Substitution between Foreign Capital in China India the Rest of the World and Latin America written by Marcelo Olarreaga and published by . This book was released on 2016 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the impact of the emergence of China and India on foreign capital stocks in other economies. Using bilateral data from 1990-2003 and drawing from the knowledge-capital model of the multinational enterprises to control for fundamental determinants of foreign capital stocks across countries, the evidence suggests that the impact of foreign capital in China and India on other countries' foreign capital stocks has been positive. This finding is robust to the use of ordinary least squares, Poisson, and negative binomial estimators; to the inclusion of time and country-pair fixed effects; to the inclusion of natural-resource endowments; and to the use of the sum of foreign capital stocks in Hong Kong (China) and mainland China instead of using only the latter's foreign capital stocks. There is surprisingly weak evidence of substitution in manufacturing foreign capital stocks away from Central America and Mexico in favor of China, and from the Southern Cone countries to India, but these findings are not robust to the use of alternative estimation techniques.
Download or read book Empirical Investigations on FDI in the Transition Economies written by Ke Li and published by . This book was released on 2007 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
