ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Geethanjali NatarajSubscribe to Geethanjali Nataraj

China's One Belt One Road

The One Belt One Road initiative is the centrepiece of China's foreign policy and domestic economic strategy. It aims to rejuvenate ancient trade routes--Silk Routes--which will open up markets within and beyond the region. India has so far been suspicious of the strategic implications of this initiative. If India sheds its inhibitions and participates actively in its implementation, it stands to gain substantially in terms of trade.

China's Changing Export Structure: A Factor-Based Analysis

While China's stellar export performance is a well-established fact, the issue of diversification of China's exports continues to be debated. There are differing opinions on the factor proportions in its exports. Some argue that exports continue to be labour-intensive, while others have found a reallocation in favour of more skill-based and sophisticated exports. This paper is an attempt to address the ongoing debate. The study finds that post-2001 China's exports have diversified. The major finding is that, based on the competitiveness analysis, the share of hi-tech manufactures has increased, while the share of unskilled labour-intensive products has gone down during 2001-06. Post-2001 hi-tech products command a share of 32% in China's total exports and 43% in China's total imports. This is indicative of the fact that imports of hi-tech parts and components are assembled in China to be exported as finished hi-tech goods.

Japanese Investment in India: Trends and Prospects

Though Japan had been one of the top five investors in India for long, its share in India's total foreign direct investment inflows has been dwindling since 2000. In this context, the article attempts to analyse trends in Japanese investments in India. Major constraints faced by Japanese investors in India include poor infrastructure, a complex taxation system, procedural hassles in customs clearance and red tape. Further, many Japanese companies have lost out to stiff competition from South Korean companies.

Issues for Negotiation under the Doha Work Programme on RTAs

Regional trading agreements have become an important factor driving global trade. Though the literature on RTAs has grown, there are very few studies which highlight the development dimensions of RTAs envisaged in the Doha round of the World Trade Organisation. The objective of this paper is to analyse the issues in the Doha round with regard to RTAs and to come up with possible suggestions that further India's interests. The paper emphasises stricter rules governing RTAs in the WTO regime as the key to growth for developing economies like India.

Enlargement of EU

The latest expansion of the European Union (EU) has significant implications, particularly in terms of market access, for developing countries like India. There is a general apprehension that intraregional trade among the EU countries is likely to increase making the EU more protectionist. A study finds that the net impact on India is likely to be positive as the level of common external tariffs of the EU are lower than the average nominal tariffs prevailing in the acceding countries, except for few products like textiles, organic chemicals, leather products, etc.

Argentina's Crisis: Causes and Consequences

During the east Asian crisis of 1997, Argentina was being referred to as a model state because of its fixed exchange rate regime. However, by 2001, due to several macroeconomic reasons the economy had collapsed. It is now clear that Argentina will reverse at least some of the economic reforms introduced by president Carlos Mennen in the early 1990s to survive the crisis it is currently experiencing. That small and open economies are far more susceptible to large external shocks, such as changes in foreign interest rates, terms of trade, regional contagion effects, etc, is among the many lessons of the Argentine crisis.
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