The impact of a US-China technological decoupling on trade, foreign direct investment, and welfare is quantified using a simple dynamic quantitative trade model that includes FDI as a channel of technology diffusion. By evaluating the impacts of restrictions on technology diffusion and export controls separately, this column suggests that the potential negative impact of a […]
Natural resource dependence presents significant macroeconomic and structural challenges, often referred to as the “resource curse.” While much of the literature has focused on the export side, particularly the Dutch disease—where resource booms lead to a loss of competitiveness in other sectors—less attention has been paid to the import side. Yet, the economic significance of imports […]
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