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Shifting Patterns of Comparative Advantage: Manfactured Exports of Developing Countries

Shifting Patterns of Comparative Advantage: Manfactured Exports of Developing Countries PDF Author: Alexander J. Yeats
Publisher: World Bank Publications
ISBN:
Category : Comparative advantage (International trade)
Languages : en
Pages : 60

Book Description
Labor -intensive goods are the developing countries' strongest export items -- and the United States is the chief import market for these goods. What's more, the industrial countries can expect increasing competition in the 1990s in clothing, footwear, leather products, wood manufactures, and some primary metal manufactures.

Shifting Patterns of Comparative Advantage: Manfactured Exports of Developing Countries

Shifting Patterns of Comparative Advantage: Manfactured Exports of Developing Countries PDF Author: Alexander J. Yeats
Publisher: World Bank Publications
ISBN:
Category : Comparative advantage (International trade)
Languages : en
Pages : 60

Book Description
Labor -intensive goods are the developing countries' strongest export items -- and the United States is the chief import market for these goods. What's more, the industrial countries can expect increasing competition in the 1990s in clothing, footwear, leather products, wood manufactures, and some primary metal manufactures.

Changing Patterns of Global Trade

Changing Patterns of Global Trade PDF Author: Nagwa Riad
Publisher: International Monetary Fund
ISBN: 1463973101
Category : Business & Economics
Languages : en
Pages : 87

Book Description
Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.

International Trade, Competitive Advantage and Developing Economies

International Trade, Competitive Advantage and Developing Economies PDF Author: Caf Dowlah
Publisher: Routledge
ISBN: 1317447921
Category : Business & Economics
Languages : en
Pages : 320

Book Description
Available research suggests that less developed countries have significant competitive advantage over developed countries in three major areas of international trade: agriculture, textiles and clothing (T&C), and cross-border labor mobility. Incidentally, these are also the trade sectors which experienced widespread protectionist measures, especially in developed world, for decade after decade. Under the World Trade Organization (WTO), which replaced the General Agreement on Tariff and Trade (GATT) in 1995, much of the restrictions in T&C trade has been phased out, but still this sector faces much higher tariff and non-tariff barriers than any other manufacturing sector in world economy. The agricultural sector also experienced significant dismantling of deeply entrenched trade barriers under the WTO over the course of last two decades, but the sector still remains plagued with quite extensive domestic supports, export subsidies, and tariff barriers. At the same time, despite both theoretical expositions and empirical trends point to significant potential gains from cross-border labor mobility, the sector remains mired in a complex quagmire of economic and political restrictions around the world. Thus, all three sectors in which less developed countries have exports interests still remain less liberalized than the sectors in which developed countries have exports interests. This book provides an in-depth and up-to-date scholarly analysis of all three trade sectors—agriculture, T&C and cross-border labor mobility—with a penetrating scrutiny of historical backgrounds and developments, crosscurrents of interests and perspectives of both developed and developing countries, and evolving trade patterns and potentials in a more liberalized and globalized world economy. The book also identifies critical economic issues and options for less developed countries in the WTO negotiations for further liberalization of agriculture, T&C, and cross-border labor mobility. This volume will be an important point of reference for students, scholars, and practitioners of international trade, economic development, development economics, and WTO-related issues.

Globalisation, Comparative Advantage and the Changing Dynamics of Trade

Globalisation, Comparative Advantage and the Changing Dynamics of Trade PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264113088
Category :
Languages : en
Pages : 351

Book Description
This book collects OECD work that builds on recent contributions to the theory and empirics of comparative advantage, putting particular emphasis on the role policy can play in shaping trade.

Does What You Export Matter?

Does What You Export Matter? PDF Author: Daniel Lederman
Publisher: World Bank Publications
ISBN: 0821384910
Category : Business & Economics
Languages : en
Pages : 153

Book Description
Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.

On the Principles of Political Economy, and Taxation

On the Principles of Political Economy, and Taxation PDF Author: David Ricardo
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 566

Book Description


China's Growing Role in World Trade

China's Growing Role in World Trade PDF Author: Robert C. Feenstra
Publisher: University of Chicago Press
ISBN: 0226239721
Category : Business & Economics
Languages : en
Pages : 603

Book Description
In less than three decades, China has grown from playing a negligible role in international trade to being one of the world's largest exporters, a substantial importer of raw materials, intermediate outputs, and other goods, and both a recipient and source of foreign investment. Not surprisingly, China's economic dynamism has generated considerable attention and concern in the United States and beyond. While some analysts have warned of the potential pitfalls of China's rise—the loss of jobs, for example—others have highlighted the benefits of new market and investment opportunities for US firms. Bringing together an expert group of contributors, China's Growing Role in World Trade undertakes an empirical investigation of the effects of China's new status. The essays collected here provide detailed analyses of the microstructure of trade, the macroeconomic implications, sector-level issues, and foreign direct investment. This volume's careful examination of micro data in light of established economic theories clarifies a number of misconceptions, disproves some conventional wisdom, and documents data patterns that enhance our understanding of China's trade and what it may mean to the rest of the world.

EMENA Manufactured Exports and EEC Trade Policy

EMENA Manufactured Exports and EEC Trade Policy PDF Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 42

Book Description


Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter?

Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? PDF Author: Dongyeol Lee
Publisher: International Monetary Fund
ISBN: 1498315658
Category : Business & Economics
Languages : en
Pages : 24

Book Description
Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and its volatility in LICs and small states, using a range of indices of export concentration differing in the coverage of industries. The empirical analysis finds that export diversification may promote economic growth and reduce economic volatility in these countries. Furthermore, the analysis demonstrates that the economic benefits of export diversification differ by country size and income level—there are bigger benefits for relatively larger and poorer countries within the group of LICs and small states.

How Conflicting Definitions of "manufactures" Distort Output and Trade Statistics

How Conflicting Definitions of Author: Alexander J. Yeats
Publisher: World Bank Publications
ISBN:
Category : Developing countries
Languages : en
Pages : 27

Book Description
Inconsistencies in definitions of "manufactures" used to compile output and trade statistics produce a discrepancy of $60 billion in estimates of developing country exports. Clearly, international organizations must resolve these discrepancies.