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NBER WORKING PAPER SERIES INTRODUCTION TO “CHINA’S GROWING ROLE IN WORLD TRADE”
Robert C. Feenstra
NATIONAL BUREAU OF ECONOMIC RESEARCH
1050 Massachusetts Avenue
Cambridge, MA 02138
February 2009
This is an introductory chapter to the volume, "China's Growing Role in 代写留学生硕士论文World Trade." A table of content with information on the contributing authors to each chapter and the discussants appears at the end of this paper. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.
© 2009 by Robert C. Feenstra and Shang-Jin Wei. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source.
Introduction to “China’s Growing Role in World Trade” Robert C. Feenstra and Shang-Jin Wei NBER Working Paper No. 14716 February 2009 JEL No. F1
ABSTRACT
Over the last three decades, the value of Chinese trade has approximately doubled every four years. This rapid growth has transformed the country from a negligible player in world trade to the world's second largest exporter, as well as a substantial importer of raw materials, intermediate inputs, and other goods. This paper provides an overview of the microstructure of Chinese trade, its macroeconomic implications, trade disputes with other WTO member countries, and the role of foreign firms.
Robert C. Feenstra Department of Economics University of California, Davis One Shields Avenue Davis, CA 95616 and NBER rcfeenstra@ucdavis.edu
Shang-Jin Wei Graduate School of Business, and School of International and Public Affairs Columbia University Uris Hall 619 3022 Broadway New York, NY 10027-6902 and NBER shangjin.wei@columbia.edu
In less than three decades, China has grown from having a negligible role in world trade to being one of the world’s largest exporters, as well as a substantial importer of raw materials, intermediate inputs, and other goods. This tremendous growth is seen by some observers as posing a threat to China’s trading partners.1 But since trade is a positive-sum rather than a zero-sum game, this growth must bring opportunities as well. For industrial countries, China presents the opportunity of a low-cost labor force. Whether the goods are simple toys sold by Mattel, or personal computers sold by Lenovo (the Chinese owner of what used to be IBM’s PC division) or sophisticated components for the European Airbus, a large part of Chinese exports involves contracting manufacturing in China for goods that are designed elsewhere. This phenomenon is known as “processing trade,” and involved importing inputs into China, which are assembled there and then exported again. This role that China plays in contract manufacturing means that its own success is intricately tied to the fortunes of its trading partners.
Even while China acts as a manufacturing base for firms worldwide, its sheer size and rapid growth also creates challenges for many countries. On the export side, China is a formidable competitor in many markets, overlapping in its export composition with other countries such as India, Malaysia, Mexico, Pakistan, the Philippines and Thailand. These countries often attribute declines in their own export demand to https://www.51lunwen.org/Ghostwrite/dissertation.htmlcompetition from China. And on the import side, too, China’s impact is felt worldwid本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。