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How will growth in China and India affect the world economy?
- Source :
- Review of World Economics; Oct2009, Vol. 145 Issue 3, p551-571, 21p, 3 Charts, 3 Graphs
- Publication Year :
- 2009
-
Abstract
- 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. [ABSTRACT FROM AUTHOR]
- Subjects :
- INTERNATIONAL economic relations
PRODUCTION (Economic theory)
EXPORT duties
Subjects
Details
- Language :
- English
- ISSN :
- 16102878
- Volume :
- 145
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Review of World Economics
- Publication Type :
- Academic Journal
- Accession number :
- 44709317
- Full Text :
- https://doi.org/10.1007/s10290-009-0029-y