OUTSOURCING AND TRADE IMBALANCES: THE UNITED STATES-CHINA CASE

Henryk Kierzkowski · Lurong Chen

19 citations0/0 files storedPacific Economic Review

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Global Financial Crisis and Policies Global trade and economics Economic Theory and Policy

Abstract

Trade imbalances between the United States and China have become a major concern of international macroeconomics. This paper shows that the existence of outsourcing hides the true scale of the problem.

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References

2003Can Vertical Specialization Explain the Growth of World Trade?2017The Role of Services in Production and International Trade: A Theoretical Framework 2001A Framework for Fragmentation 1966The Structure of a Tariff System and the Effective Protective Rate 1972The theory of protection 2005What does evidence tell us about fragmentation and outsourcing?2001Globalization and the consequences of international fragmentation 2004International fragmentation and the new economic geography

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2012Will RMB appreciation reduce trade deficit in the US?2014Offshoring and Firm Performance: Evidence from the Italian Manufacturing Industry

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