People's Republic of China and Its Neighbors: Partners or Competitors for Trade and Investment?
How has the recent dramatic growth of PRC's exports affected its neighbors? Have they lost export markets and seen foreign investment diverted to PRC? This paper surveys the empirical evidence on these important questions generated by recent ADBI research.
In general this finds that while neighbors have lost shares in third country markets, like the United States and Japan, this has been more than compensated by the rapid growth of their exports to PRC. Furthermore, the flow of foreign investment to the region does not appear to be fixed, so that higher flows to PRC do not seem to be at the expense of its neighbors. Macro economic models project that these trends will continue, but for neighboring economies to benefit fully from this process it is critical that enterprises and governments adapt quickly to changing circumstances, so that all can benefit from changing regional specialization.
This online discussion paper was published in January 2005 as an online and hard copy Policy Brief without altering the original text.
Download this Discussion Paper [ PDF 161.8KB| 19 pages ].
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The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.
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