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Implications of the Growth of China and India for the Other Asian Giant : Russia / Ianchovichina, Elena
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Ianchovichina, Elena
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Adverse impacts.
- Agricultural output.
- Competitiveness.
- Constant returns to scale.
- Consumers.
- Debt.
- Economic cooperation.
- Economic performance.
- Economic Theory and Research.
- Emerging Markets.
- Export growth.
- Exports.
- Financial crisis.
- Free Trade.
- GDP.
- Income.
- Income levels.
- International Economics & Trade.
- International trade.
- Macroeconomics and Economic Growth.
- Markets and Market Access.
- Natural resources.
- Newly industrialized countries.
- Private Sector Development.
- Product differentiation.
- Productivity growth.
- Public Sector Development.
- Taxation.
- Trade Policy.
- Local Subjects:
- Adverse impacts.
- Agricultural output.
- Competitiveness.
- Constant returns to scale.
- Consumers.
- Debt.
- Economic cooperation.
- Economic performance.
- Economic Theory and Research.
- Emerging Markets.
- Export growth.
- Exports.
- Financial crisis.
- Free Trade.
- GDP.
- Income.
- Income levels.
- International Economics & Trade.
- International trade.
- Macroeconomics and Economic Growth.
- Markets and Market Access.
- Natural resources.
- Newly industrialized countries.
- Private Sector Development.
- Product differentiation.
- Productivity growth.
- Public Sector Development.
- Taxation.
- Trade Policy.
- Physical Description:
- 1 online resource (32 pages)
- Other Title:
- Implications Of The Growth Of China And India For The Other Asian Giant
- Place of Publication:
- Washington, D.C., The World Bank, 2009
- System Details:
- data file
- Summary:
- Continuing rapid growth of China and India can be expected to raise incomes in Russia, but also to put adjustment pressure on Russian firms. The impacts of the rapid growth of China and India on the Russian economy are explored by examining a baseline projection using a global general equilibrium model, and then assessing the implications of higher-than-expected growth in China and India. The authors find that a major source of benefits to Russia is likely to be terms-of-trade improvements associated with higher energy prices - a quite different channel of effect from that for many developing countries that benefit primarily through expanded opportunities to trade directly with these emerging giants. Taking into account the likely improvements in the quality and variety of exports from China and India, the gains to Russia increase substantially. The expansion of the energy sector and the contraction of manufacturing and services are a sign of a Dutch disease effect that will increase the importance of policies to encourage adaptation to the changing world environment.
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