讲座标题: How the iPhone widens the US Trade Deficit with China?
讲座人: 邢予青博士
地点: 8797威尼斯老品牌302会议室
时间: 2013年11月1日12:00-13:30
讲座人介绍:
邢予青博士,亚洲开发银行研究院能力建设和培训部长(东京 , 日本 ),日本国立政策研究大学 院经济终身教授 (东京 , 日本 ),白玫瑰东亚研究中心国际顾问委员会(英格兰,英国)
讲座内容摘要:
Global value chains have transformed international trade from trade in goods to trade in tasks, changed trade patterns between developing and developed countries, extended bilateral trade balances into multilateral, weakened the nexus between exchange rates and trade balances, and de-linked technology innovations and employment creation. Current trade statistics are inconsistent with GVCs based trade and greatly inflation China’s exports and surplus with the US.
In this seminar, the speaker will use the iconic American product—iPhone, to illustrate the fundamental changes of international trade due to the proliferation of GVCs, analyze how the iPhone added US$1.9 billion trade deficit to the US, explain why China exports iPhones to the US where the iPhone was invented, and demonstrate the ineffectiveness of the Yuan’s appreciation on the iPhone trade. Based on the case of iPhone, the speaker will introduce a new concept “trade in value added” and argue that value added should be used to measure bilateral trade balances and the actual contribution of exports to an economy. The generalize the conclusions, the speaker will extend the analysis into processing trade, accounted for 100% of China’s trade surplus and a task performed by Chinese firms in GVCs.
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