The purpose of this paper is to show, through two case studies, that the transmision of growth impulses from the export sector to the rest of the economy might be weakened by a number of factors stemming from the initial resource endowment of the economy and the relative elasticities of supply of these resources. The consequences might be described as arrested or abortive growth. The case studies pertain to two countries in Southeast Asia, Thailand and former (French) Indo-China, covering the period of their entrance into world commerce in the second half of the nineteenth century to the Second World War.
Explains process of importing goods into the U.S., including informed compliance, invoices, duty assessments, classification and value, marking requirements, etc.
In this paper, alternative capital asset pricing models (CAPM) are first reviewed and criticized. Then a new simultaneous equation CAPM is derived to take the essences of the existing capital asset pricing models into account. Some data are also used to show the usefulness of the new CAPM derived in this study.
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.
In Interpreting ChinaOCOs Development, leading experts on China provide an overview of this growing superpower, highlighting key issues in the country''s political, economic and social development. Underpinned by up-to-date scholarly research yet written in a readable and concise style, this volume of over 40 short chapters offers a very accessible way to understanding the major events and dominant issues that had emerged in China over the last few decades. The essays are grouped under four thematic sections OCo challenges of governance, growth and structural changes, coping with rising social problems and relations with major powers and neighbours OCo covering salient topics such as the emerging mode of leadership succession, sustainability of ChinaOCOs high growth, widening inequalities, environmental crisis and the external impact of ChinaOCOs rise. Non-specialists in particular, should find this volume useful in keeping up with ChinaOCOs fast changing developments."
Thirty years of Ä?ổi Má»›i (economic renovation) reforms have catapulted Vietnam from the ranks of the world’s poorest countries to one of its great development success stories. Critical ingredients have been visionary leaders, a sense of shared societal purpose, and a focus on the future. Starting in the late 1980s, these elements were successfully fused with the embrace of markets and the global economy. Economic growth since then has been rapid, stable, and inclusive, translating into strong welfare gains for the vast majority of the population. But three decades of success from reforms raises expectations for the future, as aptly captured in the Vietnamese constitution, which sets the goal of “a prosperous people and a strong, democratic, equitable, and civilized country.†? There is a firm aspiration that by 2035, Vietnam will be a modern and industrialized nation moving toward becoming a prosperous, creative, equitable, and democratic society. The Vietnam 2035 report, a joint undertaking of the Government of Vietnam and the World Bank Group, seeks to better comprehend the challenges and opportunities that lie ahead. It shows that the country’s aspirations and the supporting policy and institutional agenda stand on three pillars: balancing economic prosperity with environmental sustainability; promoting equity and social inclusion to develop a harmonious middle- class society; and enhancing the capacity and accountability of the state to establish a rule of law state and a democratic society. Vietnam 2035 further argues that the rapid growth needed to achieve the bold aspirations will be sustained only if it stands on faster productivity growth and reflects the costs of environmental degradation. Productivity growth, in turn, will benefit from measures to enhance the competitiveness of domestic enterprises, scale up the benefits of urban agglomeration, and build national technological and innovative capacity. Maintaining the record on equity and social inclusion will require lifting marginalized groups and delivering services to an aging and urbanizing middle-class society. And to fulfill the country’s aspirations, the institutions of governance will need to become modern, transparent, and fully rooted in the rule of law.
This handbook provides a comprehensive survey of US foreign policy throughout the Indo-Pacific. Home to around 60 percent of the world’s population; most of the world’s largest and fastest-growing economies; around half of the world’s states with full nuclear capabilities; and a complicated web of unresolved tensions, disputes, and conflicts, the Indo-Pacific is arguably the most diverse, dynamic, and contested region on Earth. US strategy there has evolved over centuries, with its physical presence going broadly unchallenged since at least the middle of the last century. However, the rapid development and expanding influence of China – alongside the growth of India, Indonesia, Vietnam, the Philippines, and others – as well as political and economic crises and disruptions within the United States itself, mean that in recent times the US has come to occupy a newly uncertain position and perceive a range of highly unfamiliar challenges. To explore how the US has managed, and continues to manage, its regional history, and how it approaches the modern-day landscape of an Indo-Pacific only recently normalised within international political discourse, the book contains 33 newly commissioned chapters from leading experts in the field. It does so partly with help from the more traditional realms of International Relations theory as well as more critical realms. It also unpacks US policy and strategy as it pertains to regional governments, states, and multilateral institutions, as well as to pressing issues including inter-state security, human rights, trade, artificial intelligence, and cyber strategy. It does so in four parts: History of the US in the Indo-Pacific Theorising US Policy and Presence in the Indo-Pacific The US and Indo-Pacific States and Institutions The US and Indo-Pacific Issues The book is designed to be of interest to students and scholars of the US in the Indo-/Asia Pacific; the international relations of the Indo-/Asia Pacific; and US foreign policy.
