Dimaranan, BetinaIanchovichina, ElenaMartin, Will2012-06-062012-06-062007-08https://hdl.handle.net/10986/7297Although both China and India are labor-abundant and dependant on manufactures, their export mixes are very different. Only one product-refined petroleum-appears in the top 25 products for both countries, and services exports are roughly twice as important for India as for China, which is much better integrated into global production networks. Even assuming India also begins to integrate into global production chains and expands exports of manufactures, there seems to be opportunity for rapid growth in both countries. Accelerated growth through efficiency improvements in China and India, especially in their high-tech industries, will intensify competition in global markets leading to contraction of the manufacturing sectors in many countries. Improvement in the range and quality of exports from China and India has the potential to create substantial welfare benefits for the world, and for China and India, and to act as a powerful offset to the terms-of-trade losses otherwise associated with rapid export growth. However, without efforts to keep up with China and India, some countries may see further erosion of their export shares and high-tech manufacturing sectors.CC BY 3.0 IGOABSOLUTE VALUEACCESSION COMMITMENTSACCUMULATION OF CAPITALADJUSTMENT COSTSAGRICULTUREANNUAL GROWTHAPPARELAPPAREL INDUSTRIESAPPAREL INDUSTRYAPPAREL QUOTASBANK OFFICEBILATERAL TRADECAPITAL ACCUMULATIONCOMMODITYCOMMODITY EXPORTSCOMPARATIVE ADVANTAGECOMPETITIVENESSCONSTANT RETURNS TO SCALECONSUMER DEMANDCOUNTRY FORECASTSDEBTDEMAND ELASTICITIESDEMAND FOR GOODSDEVALUATIONDEVELOPED COUNTRIESDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPING ECONOMIESDEVELOPMENT ECONOMICSDIRECT INVESTMENTDIVIDENDSDOMESTIC GOODSDOMESTIC MARKETDUTY DRAWBACKDUTY DRAWBACKSECONOMIC DEVELOPMENTECONOMIC EXPANSIONECONOMIC GEOGRAPHYECONOMIC PERFORMANCEECONOMIC POLICYECONOMIC POWERSECONOMIC RESEARCHELASTICITYELASTICITY OF SUBSTITUTIONELECTRONICS INDUSTRYEXCHANGE RATEEXPANSION OF EXPORTSEXPORT BASKETSEXPORT GROWTHEXPORT MARKETEXPORT PRICESEXPORT PROCESSINGEXPORT SECTORSEXPORT SHAREEXPORT SHARESEXPORT VOLUMEEXPORT VOLUMESEXPORTEREXPORTERSEXPORTSFACTOR ENDOWMENTSFINAL GOODSFORECASTSFOREIGN TRADEFREE ACCESSGDPGENERAL EQUILIBRIUMGENERAL EQUILIBRIUM MODELGLOBAL COMPETITIONGLOBAL ECONOMIC PROSPECTSGLOBAL ECONOMYGLOBAL INTEGRATIONGLOBAL INVESTMENTGLOBAL MARKETSGLOBAL TRADEGLOBAL TRADE ANALYSISGROWTH RATESHUMAN CAPITALIDIOSYNCRATIC FACTORSIMBALANCESIMPERFECT SUBSTITUTESIMPORTIMPORT DATAIMPORT DEMANDIMPORT SUBSTITUTIONIMPORTSINCOMEINCOME LEVELSINCOMESINCREASING RETURNSINCREASING RETURNS TO SCALEINDUSTRIAL COUNTRIESINDUSTRY TRADEINTERMEDIATE IMPORTSINTERMEDIATE INPUTSINTERNATIONAL PRODUCTIONINTERNATIONAL TRADEINTERNATIONAL TRANSPORTLABOR MARKETLABOR MARKET POLICIESLABOR-ABUNDANT COUNTRIESLATIN AMERICANLOW-INCOME COUNTRIESMANUFACTURING INDUSTRIESMANUFACTURING INDUSTRYMARKET ENTRYMIDDLE EASTMIDDLE INCOME COUNTRIESNATURAL RESOURCENEW MARKETSNEW PRODUCTSNORTH AFRICAOUTPUTOUTPUT DECLINESOUTPUTSPACIFIC REGIONPARTIAL EQUILIBRIUM ANALYSESPARTICULAR COUNTRIESPOSITIVE SPILLOVERPOSITIVE SPILLOVER EFFECTSPRICE DECLINESPRICE OF EXPORTSPRICE OF IMPORTSPRODUCT DIFFERENTIATIONPRODUCT MARKETSPRODUCTION COSTSPRODUCTIVITY GROWTHRAPID ECONOMIC GROWTHRAPID EXPANSIONRAPID EXPORT GROWTHRAPID GROWTHRAPID LIBERALIZATIONREAL GDPREAL INCOMEREGIONAL TRADEREGIONAL TRADE AGREEMENTSSAVINGSSHARE OF CAPITALSKILLED WORKERSSTRUCTURAL CHANGESUB-SAHARAN AFRICATARIFF DATATARIFF REDUCTIONTAXTAX CONCESSIONSTERMS OF TRADETERMS-OF-TRADE EFFECTTOTAL EXPORTSTOTAL FACTOR PRODUCTIVITYTOTAL IMPORTSTOURISMTRADE DATATRADE DISTORTIONSTRADE EFFECTSTRADE FACILITATIONTRADE FLOWSTRADE LIBERALIZATIONTRADE LOSSTRADE LOSSESTRADE MODELSTRADE PATTERNSTRADE POLICIESTRADE POLICYTRADE POLICY ANALYSISTRADE POLICY REVIEWTRADE REFORMTRADE REGIMESTRADE VOLUMETRADING PARTNERTRADING PARTNERSTRANSPORT COSTSUNCERTAINTYUNSKILLED LABORURUGUAY ROUNDVALUE ADDEDVOLUME OF TRADEWELFARE LOSSWORLD DEVELOPMENT INDICATORSWORLD ECONOMYWORLD TRADEWORLD TRADE ORGANIZATIONWTOWorld Bank10.1596/1813-9450-4304