简介
Summary:
Publisher Summary 1
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鈥攖he loss of jobs, for example鈥攐thers 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.
目录
Table Of Contents:
Introduction 1
Robert C. Feenstra and Shang-Jin Wei
I. MICROSTRUCTURE OF INTERNATIONAL TRADE
1. The Anatomy of China's Export Growth 35
Mary Amiti and Caroline Freund
Comment: Bin Xu
2. What Accounts for the Rising Sophistication of China's Exports? 63
Zhi Wang and Shang-J in Wei
Comment: Galina Hale
3. China's Local Comparative Advantage 109
James Harrigan and Haiyan Deng
Comment: Chong Xiang
4. China and the Manufacturing Exports of Other Developing Countries 137
Gordon H. Hanson and Raymond Robertson
Comment: Irene Brambilla
II. MACROECONOMIC ISSUES
5. China's Exports and Employment 167
Robert C. Feenstra and Chang Hong
Comment: Michael Dooley
6. Exporting Deflation? Chinese Exports and Japanese Prices 203
Christian Broda and David E. Weinstein
Comment: Joshua Aizenman
7. China's Current Account and Exchange Rate 231
Yin-Wong Cheung, Menzie D. Chinn, and Eiji Fujii
Comment: Jeffrey Frankel
III. SECTORAL ISSUES AND TRADE POLICIES
8. China's WTO Entry: Antidumping, Safeguards, and Dispute Settlement 281
Chad P. Bown
Comment: Thomas J. Prusa
9. China's Experience under the Multi-Fiber Arrangement (MFA) and the Agreement on Textiles and Clothing (ATC) 345
Irene Brambilla, Amit K. Khandelwal, and Peter K. Schott
Comment: Joseph Francois
10. Agricultural Trade Reform and Rural Prosperity: Lessons from China 397
Jikun Huang, Yu Liu, Will Martin, and Scott Rozelle
Comment: Kym Anderson
11. Trade Growth, Production Fragmentation, and China's Environment 429
Judith M. Dean and Mary E. Lovely
Comment: Arik Levinson
IV. FOREIGN INVESTMENT AND TRADE
12. Please Pass the Catch-Up: The Relative Performance of Chinese and Foreign Firms in Chinese Exports 475
Bruce A. Blonigen and Alyson C. Ma
Comment: Raymond Robertson
13. Facts and Fallacies about U.S. FDI in China 513
Lee Branstetter and C. Fritz Foley
Comment: Stephen Yeaple
14. China's Outward Foreign Direct Investment 545
Leonard K. Cheng and Zihui Ma
Comment: Nicholas Lardy
Contributors 581
Author Index 585
Subject Index 589
Introduction 1
Robert C. Feenstra and Shang-Jin Wei
I. MICROSTRUCTURE OF INTERNATIONAL TRADE
1. The Anatomy of China's Export Growth 35
Mary Amiti and Caroline Freund
Comment: Bin Xu
2. What Accounts for the Rising Sophistication of China's Exports? 63
Zhi Wang and Shang-J in Wei
Comment: Galina Hale
3. China's Local Comparative Advantage 109
James Harrigan and Haiyan Deng
Comment: Chong Xiang
4. China and the Manufacturing Exports of Other Developing Countries 137
Gordon H. Hanson and Raymond Robertson
Comment: Irene Brambilla
II. MACROECONOMIC ISSUES
5. China's Exports and Employment 167
Robert C. Feenstra and Chang Hong
Comment: Michael Dooley
6. Exporting Deflation? Chinese Exports and Japanese Prices 203
Christian Broda and David E. Weinstein
Comment: Joshua Aizenman
7. China's Current Account and Exchange Rate 231
Yin-Wong Cheung, Menzie D. Chinn, and Eiji Fujii
Comment: Jeffrey Frankel
III. SECTORAL ISSUES AND TRADE POLICIES
8. China's WTO Entry: Antidumping, Safeguards, and Dispute Settlement 281
Chad P. Bown
Comment: Thomas J. Prusa
9. China's Experience under the Multi-Fiber Arrangement (MFA) and the Agreement on Textiles and Clothing (ATC) 345
Irene Brambilla, Amit K. Khandelwal, and Peter K. Schott
Comment: Joseph Francois
10. Agricultural Trade Reform and Rural Prosperity: Lessons from China 397
Jikun Huang, Yu Liu, Will Martin, and Scott Rozelle
Comment: Kym Anderson
11. Trade Growth, Production Fragmentation, and China's Environment 429
Judith M. Dean and Mary E. Lovely
Comment: Arik Levinson
IV. FOREIGN INVESTMENT AND TRADE
12. Please Pass the Catch-Up: The Relative Performance of Chinese and Foreign Firms in Chinese Exports 475
Bruce A. Blonigen and Alyson C. Ma
Comment: Raymond Robertson
13. Facts and Fallacies about U.S. FDI in China 513
Lee Branstetter and C. Fritz Foley
Comment: Stephen Yeaple
14. China's Outward Foreign Direct Investment 545
Leonard K. Cheng and Zihui Ma
Comment: Nicholas Lardy
Contributors 581
Author Index 585
Subject Index 589
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