Asian regionalism: threat or progress?

Richard Pomfret, 22 June 2007

Since 2000, East Asian countries have signed over 70 trade agreements. Is this ‘noodle bowl’ of regional agreements in the world’s most dynamic economic region a threat to the multilateral global trading system and to other regions’ economic prosperity?

Is China Investing too much?

Shang-Jin Wei, 16 June 2007

Data on 12,400 firms in 120 Chinese cities show that state-owned firms have lower marginal returns to capital than private or foreign firms. This inefficiency costs China 5% of its GDP and suggests there would be big gains to further financial and corporate-governance reforms.

Signs of modest but steady increase in flexibility in Chinese exchange rate regime

Jeffrey Frankel, Shang-Jin Wei, 23 April 2007

The authors of CEPR DP6264 analyse the precise nature of China's exchange rate regime from July 2005 to early 2007 and make some surprising discoveries.

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