debt: major default risks for dc banks, shortage of cash for the lowest-income developing countries (LICs), and uncertainty and high cost of credit for middleincome developing countries (MICs), all require attention; recycling: if OPEC surpluses are not placed in Ides to permit extra imports from des (tn-cycling) Ides will cut their purchases of such imports, and will be driven towards costly b...

We used a gravity model to investigate determinants of China’s pulp and paper products trade from 1995 to 2005. The results show that an importing country’s economy size, forest endowment, distance to China, exchange rate, and membership in Asia Pacific Economic Cooperation (APEC), plus China’s accession to the World Trade Organization (WTO) and its forest products policy change implemented in ...

Using firm-level tax administrative data from 2010 to 2017, we study the extent which Chinese import penetration has affected growth performances of manufacturing firms registered in South Africa. By instrumenting imports Africa with exports other developing countries, this paper analyses both systemic and heterogeneous impact on Africa-based firms. First, whether China's competition been assoc...

Already, the formation of the WTO did not halt the proliferation of new RTAs. There has been an enormous increase in Preferential Trade Agreements (PTAs) in the last twenty years. In fact, RTAs legitimacy is well recognised under GATT/WTO. By their very nature, such arrangements favour imports from members of the grouping and discriminate against imports from other countries. This departure fro...