Publication: China and India Go to Africa : New Deals in the Developing World
Abstract
Economic activity between Africa and Asia, especially China and India, is booming like never before. If the problems and imbalances this sometimes creates are managed well, this expanding engagement could be an unprecedented opportunity for Africa's growth and for its integration into the global economy.
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Publication How Will Growth in China and India Affect the World Economy?(2009)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.Publication Economic Development in Emerging Asian Markets : Implications for Europe(2008)The impacts of faster growth in China and India for Europe are analysed taking into account terms-of-trade effects, second-best welfare impacts and improvements in product quality and variety. More rapid growth in these giants could improve Europe's terms of trade, but second-best effects on energy markets could lower welfare unless these taxes are Pigovian. Whether growth arises from productivity or capital accumulation has important implications, with capital-driven growth involving higher energy and agricultural prices. When quality and variety growth are taken into account, the benefits to Europe are substantially greater. If agricultural protection in emerging Asia increases with growth, the impacts on Europe appear to be adverse but small.Publication Reranking and Pro-poor Growth: Decompositions for China and Vietnam(2009)Reranking in the move from one income distribution to another makes it impossible to infer from changes in Lorenz and generalised Lorenz curves how income growth among those toward the bottom of the initial income distribution compares to that among those toward the top, and whether there has been income growth among those who were initially poor. Decompositions allowing for reranking indicate that economic growth in China and Vietnam has been better for households who were initially poor than changes in the Lorenz and generalised Lorenz curve and poverty growth curve would suggest.Publication Income Growth, Inequality and Poverty Reduction : A Case Study of Eight Provinces in China(2009)This paper examines the growth performance and income inequality in eight Chinese provinces during the period of 1989-2004 using the China Health and Nutrition Survey data. It shows that income grew for all segments of the population, and as a result, poverty incidence has fallen. However, income growth has been uneven, most rapidly in coastal areas, and among the educated. A decomposition analysis based on household income determination suggests that income growth can largely be attributed to the increase in returns to education and to the shift of employment into secondary and tertiary sectors.Publication Inclusive Growth toward a Harmonious Society in the People's Republic of China: An Overview(2008)This overview introduces the background of the study "Inclusive Growth toward a Harmonious Society in the People's Republic of China (PRC)", under which all the papers in this special volume were prepared. It summarizes key findings of these papers as grouped into three parts: (i) Inclusive Growth and Policy Options; (ii) Balancing Efficiency and Equity Objectives: International Experiences; and (iii) Empirical Analysis of Income Inequalities in the PRC. In concluding, this overview argues that building a harmonious society is the most important development challenge that the PRC faces, and that a development strategy anchored on inclusive growth provides an effective approach to addressing this issue.
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