Based on the basic trade gravity model and Xinjiang's practical situation, new explanatory variables (GDP, GDPpc and SCO) are introduced to build an extended trade gravity model fitting for Xinjiang's bilatera...Based on the basic trade gravity model and Xinjiang's practical situation, new explanatory variables (GDP, GDPpc and SCO) are introduced to build an extended trade gravity model fitting for Xinjiang's bilateral trade. From the empirical analysis of this model, it is proposed that those three variables affect the Xinjiang's bilateral trade posi- tively. Whereas, geographic distance is found to be a significant factor influencing Xinjiang’s bilateral trade negatively. Then, by the extended trade gravity model, this article analyzes the present trade situation between Xinjiang and its main trade partners quantitatively in 2004. The results indicate that Xinjiang cooperates with its most trade partners successfully in terms of present economic scale and developing level. Xinjiang has established successfully trade part- nership with Central Asia, Central Europe and Eastern Europe, Western Europe, East Asia and South Asia. However, the foreign trade development with West Asia is much slower. Finally, some suggestions on developing Xinjiang's for- eign trade are put forward.展开更多
＂Global economic imbalance＂ and ＂global economic rebalancing＂ have aroused great interest among international economic and.financial research circles. As the global financial crisis begins to abate, some Western c...＂Global economic imbalance＂ and ＂global economic rebalancing＂ have aroused great interest among international economic and.financial research circles. As the global financial crisis begins to abate, some Western countries have used ＂global economic rebalancing＂ as an excuse for trade protectionism and restricting the foreign economic development of developing nations. As the basic theoretical justification for the ＂global economic imbalance,＂ the theory of international trade equilibrium is wrong both in theory and in practice, because it has never been proven in the 200 years of history since the Industrial Revolution. ＂Global economic rebalancing＂ contains serious policy traps and does not generate any winners. The exchange rate is only one of the）actors which affect international trade;furthermore, it is not the fundamental mechanism. With the U.S. dollar retaining its status as the key currency of the international monetary system, it is impossible for the United States to achieve long-term foreign economic and trade equilibrium. The United States＇ trade deficit is an inevitable result of the dollar＇s status as an international currency.展开更多
Based on the statistical data of Shanghai, the paper makes empirical research on the relationship between foreign trade and economic growth. The research results indicate that there is long-term dynamic and equilibriu...Based on the statistical data of Shanghai, the paper makes empirical research on the relationship between foreign trade and economic growth. The research results indicate that there is long-term dynamic and equilibrium relationship between foreign trade and economic growth, and the economic growth is the Granger cause of trade import. Since 1979, rapid growth of economy motivates the expansion of trade import, but the pulling effect of import on economic growth is not evident. In addition, trade import promotes economic growth in the long run. But we can see that from the economic data in Shanghai that the promotion has not become the source motivate force of growth for trade expert.展开更多
This paper divides the history of global trade since 1000AD into three periods using Rahl Prebisch＇s center-periphery pattern and summarizes the effects of resource trade on periphery economies during each period. Ho...This paper divides the history of global trade since 1000AD into three periods using Rahl Prebisch＇s center-periphery pattern and summarizes the effects of resource trade on periphery economies during each period. However, this paper argues that the resource curse paradox does not justify isolation between developing and developed countries. On the contrary, developing countries should be encouraged to integrate into the existing center-periphery pattern and achieve economic growth through resource trade. This paper supplements the existing literature＇s analysis of resource endowment＇s role in global trade and offers recommendations for resource-rich developing countries to avoid the resource curse, identify a viable path to development, and achieve sustainable development by harnessing natural resources more productively.展开更多
This article presents the problem of the competitiveness of the economy in relation to foreign trade, with particular emphasis on the current crisis. The research results are presented here, relate to the exchange bet...This article presents the problem of the competitiveness of the economy in relation to foreign trade, with particular emphasis on the current crisis. The research results are presented here, relate to the exchange between Poland and the EU countries in the field of industrial goods during the time of the association and membership in this group. They show that Polish competitiveness is improving slowly, but the structure of our exports is still unfavorable, since it is dominated by products with a low degree of processing. However, recent years have seen some improvements as evidenced by the results from the period of recession. Researches were done by using the most popular indicates like revealed comparative advantage （RCA） and intra-industry trade （IIT）. Also the influence of some other factors, apart from the association, on the competitiveness of exports was discussed and the conclusions from the research were presented.展开更多
The purpose of this paper is to create a comprehensive analysis of the development of foreign trade in the global world, the process of divergence of exports and imports under the influence political and economic chan...The purpose of this paper is to create a comprehensive analysis of the development of foreign trade in the global world, the process of divergence of exports and imports under the influence political and economic changes in Europe and the economic crisis in the world. Data from world public databases are summarized to a clear and understandable form. We analyzed the share of imports and exports （due to the global trade is presented） and its potential impact on the development of current account balance （CAB） for the United States of America （USA）, the European Union （EU）, and China. Correlation coefficient timeline for the last decade of CAB and world trade is also presented to show the influence of trade flow in the world and the EU with respect to current account. The work emphasizes the clear and understandable processing of the required data, which are then formulated to make arguments and then used to make predictions of further development of world trade. From summarized data, future crisis can be predicted and impacts can be evaluated.展开更多
Since the mercantilism era, economists have built up trade theories to explain the rationale and patterns of world trade.In this paper, the explanatory power of the international product life cycle (IPLC) theory for d...Since the mercantilism era, economists have built up trade theories to explain the rationale and patterns of world trade.In this paper, the explanatory power of the international product life cycle (IPLC) theory for describing the trends and patterns of the global textile trade, one of the most geographically dispersed export items in both developed and developing countries/regions, is discussed. Data at SITC two-digit level (SITC 65 ) were collected and time series regressions were performed to analyze the value trends and world shares of textile exports from 1990 to 2000 for selected developed economies. It was found that some developed economies have increased their world shares in textile exports, which indicated that global trade shift in the textile industry may not follow what the IPLC has suggested.展开更多
On the afternoon of July 3,CCPIT Vice Chairman Dong Songgen met with Mr.Gutierrez,the visiting Peruvian Vice Foreign Minister,both of whom attended the Seminar on Economic and Trade Opportunities in Peru.The seminar w...On the afternoon of July 3,CCPIT Vice Chairman Dong Songgen met with Mr.Gutierrez,the visiting Peruvian Vice Foreign Minister,both of whom attended the Seminar on Economic and Trade Opportunities in Peru.The seminar was organized by CCPIT and Peruvian Embassy in China,Peru- vian Vice Foreign Minister has briefed on macro economy as well as trade policies and investment opportunities in Peru.展开更多
Different positions of the member states of the World Trade Organization （WTO）, especially the developed and developing countries and also the United States of America （USA）, the European Union （EU）, and Japan r...Different positions of the member states of the World Trade Organization （WTO）, especially the developed and developing countries and also the United States of America （USA）, the European Union （EU）, and Japan representatives, were observed during the Doha Round of trade negotiations under the WTO. The problems of agriculture protection in the developed countries, for example in the EU and USA and also in the developing countries, were becoming serious obstacles during the negotiations. Despite the undeniable benefits of the multilateral WTO forum for trade liberalization, the rapid increase of North-South bilateral and multilateral free trade areas （FTAs） begs a systematic explanation for why some forums are prioritized relative to others. The main aim of the article is the presentation of some new aspects of the international business theory in the context of international economy. The article presents the mercantilist tendencies in the international trade policy, the theory of public choice in the foreign trade policy, protectionist pressures in different political systems, the level of protectionist pressures, food producers＇ pressure, and conflicts between the tendencies to sustainable international trade liberalization and environmental protection.展开更多
In commemoration of the 15th anniversary of China’s accession to the WTO,Beijing Review reporter Deng Yaqing interviewed Xue Rongjiu,Vice Chairman of China Society for WTO Studies,on China’s gains from and contribut...In commemoration of the 15th anniversary of China’s accession to the WTO,Beijing Review reporter Deng Yaqing interviewed Xue Rongjiu,Vice Chairman of China Society for WTO Studies,on China’s gains from and contributions to the multilateral trading system,market economy status,surrogate country issues and mounting anti-globalization and trade protection.Edited excerpts of the interview follow:展开更多
基金Under the auspices of Knowledge Innovation Program of Chinese Academy of Sciences (No. KZCS-SW-355)
文摘Based on the basic trade gravity model and Xinjiang's practical situation, new explanatory variables (GDP, GDPpc and SCO) are introduced to build an extended trade gravity model fitting for Xinjiang's bilateral trade. From the empirical analysis of this model, it is proposed that those three variables affect the Xinjiang's bilateral trade posi- tively. Whereas, geographic distance is found to be a significant factor influencing Xinjiang’s bilateral trade negatively. Then, by the extended trade gravity model, this article analyzes the present trade situation between Xinjiang and its main trade partners quantitatively in 2004. The results indicate that Xinjiang cooperates with its most trade partners successfully in terms of present economic scale and developing level. Xinjiang has established successfully trade part- nership with Central Asia, Central Europe and Eastern Europe, Western Europe, East Asia and South Asia. However, the foreign trade development with West Asia is much slower. Finally, some suggestions on developing Xinjiang's for- eign trade are put forward.
文摘＂Global economic imbalance＂ and ＂global economic rebalancing＂ have aroused great interest among international economic and.financial research circles. As the global financial crisis begins to abate, some Western countries have used ＂global economic rebalancing＂ as an excuse for trade protectionism and restricting the foreign economic development of developing nations. As the basic theoretical justification for the ＂global economic imbalance,＂ the theory of international trade equilibrium is wrong both in theory and in practice, because it has never been proven in the 200 years of history since the Industrial Revolution. ＂Global economic rebalancing＂ contains serious policy traps and does not generate any winners. The exchange rate is only one of the）actors which affect international trade;furthermore, it is not the fundamental mechanism. With the U.S. dollar retaining its status as the key currency of the international monetary system, it is impossible for the United States to achieve long-term foreign economic and trade equilibrium. The United States＇ trade deficit is an inevitable result of the dollar＇s status as an international currency.
文摘Based on the statistical data of Shanghai, the paper makes empirical research on the relationship between foreign trade and economic growth. The research results indicate that there is long-term dynamic and equilibrium relationship between foreign trade and economic growth, and the economic growth is the Granger cause of trade import. Since 1979, rapid growth of economy motivates the expansion of trade import, but the pulling effect of import on economic growth is not evident. In addition, trade import promotes economic growth in the long run. But we can see that from the economic data in Shanghai that the promotion has not become the source motivate force of growth for trade expert.
文摘This paper divides the history of global trade since 1000AD into three periods using Rahl Prebisch＇s center-periphery pattern and summarizes the effects of resource trade on periphery economies during each period. However, this paper argues that the resource curse paradox does not justify isolation between developing and developed countries. On the contrary, developing countries should be encouraged to integrate into the existing center-periphery pattern and achieve economic growth through resource trade. This paper supplements the existing literature＇s analysis of resource endowment＇s role in global trade and offers recommendations for resource-rich developing countries to avoid the resource curse, identify a viable path to development, and achieve sustainable development by harnessing natural resources more productively.
文摘This article presents the problem of the competitiveness of the economy in relation to foreign trade, with particular emphasis on the current crisis. The research results are presented here, relate to the exchange between Poland and the EU countries in the field of industrial goods during the time of the association and membership in this group. They show that Polish competitiveness is improving slowly, but the structure of our exports is still unfavorable, since it is dominated by products with a low degree of processing. However, recent years have seen some improvements as evidenced by the results from the period of recession. Researches were done by using the most popular indicates like revealed comparative advantage （RCA） and intra-industry trade （IIT）. Also the influence of some other factors, apart from the association, on the competitiveness of exports was discussed and the conclusions from the research were presented.
文摘The purpose of this paper is to create a comprehensive analysis of the development of foreign trade in the global world, the process of divergence of exports and imports under the influence political and economic changes in Europe and the economic crisis in the world. Data from world public databases are summarized to a clear and understandable form. We analyzed the share of imports and exports （due to the global trade is presented） and its potential impact on the development of current account balance （CAB） for the United States of America （USA）, the European Union （EU）, and China. Correlation coefficient timeline for the last decade of CAB and world trade is also presented to show the influence of trade flow in the world and the EU with respect to current account. The work emphasizes the clear and understandable processing of the required data, which are then formulated to make arguments and then used to make predictions of further development of world trade. From summarized data, future crisis can be predicted and impacts can be evaluated.
文摘Since the mercantilism era, economists have built up trade theories to explain the rationale and patterns of world trade.In this paper, the explanatory power of the international product life cycle (IPLC) theory for describing the trends and patterns of the global textile trade, one of the most geographically dispersed export items in both developed and developing countries/regions, is discussed. Data at SITC two-digit level (SITC 65 ) were collected and time series regressions were performed to analyze the value trends and world shares of textile exports from 1990 to 2000 for selected developed economies. It was found that some developed economies have increased their world shares in textile exports, which indicated that global trade shift in the textile industry may not follow what the IPLC has suggested.
文摘On the afternoon of July 3,CCPIT Vice Chairman Dong Songgen met with Mr.Gutierrez,the visiting Peruvian Vice Foreign Minister,both of whom attended the Seminar on Economic and Trade Opportunities in Peru.The seminar was organized by CCPIT and Peruvian Embassy in China,Peru- vian Vice Foreign Minister has briefed on macro economy as well as trade policies and investment opportunities in Peru.
文摘Different positions of the member states of the World Trade Organization （WTO）, especially the developed and developing countries and also the United States of America （USA）, the European Union （EU）, and Japan representatives, were observed during the Doha Round of trade negotiations under the WTO. The problems of agriculture protection in the developed countries, for example in the EU and USA and also in the developing countries, were becoming serious obstacles during the negotiations. Despite the undeniable benefits of the multilateral WTO forum for trade liberalization, the rapid increase of North-South bilateral and multilateral free trade areas （FTAs） begs a systematic explanation for why some forums are prioritized relative to others. The main aim of the article is the presentation of some new aspects of the international business theory in the context of international economy. The article presents the mercantilist tendencies in the international trade policy, the theory of public choice in the foreign trade policy, protectionist pressures in different political systems, the level of protectionist pressures, food producers＇ pressure, and conflicts between the tendencies to sustainable international trade liberalization and environmental protection.
文摘In commemoration of the 15th anniversary of China’s accession to the WTO,Beijing Review reporter Deng Yaqing interviewed Xue Rongjiu,Vice Chairman of China Society for WTO Studies,on China’s gains from and contributions to the multilateral trading system,market economy status,surrogate country issues and mounting anti-globalization and trade protection.Edited excerpts of the interview follow:
