02147cas a2200265 a 4500 AALejournalIMF011748 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475502312 1018-5941 BD-DhAAL BD-DhAAL Di Giovanni, Julian. The Global Welfare Impact of China : Trade Integration and Technological Change / Julian Di Giovanni, Jing Zhang, Andrei Levchenko. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (62 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper evaluates the global welfare impact of China's trade integration and technological change in a quantitative Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a "balanced" one in which China's productivity grows at the same rate in each sector, and an "unbalanced" one in which China's comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well-known conjecture (Samuelson, 2004), the large majority of countries in the sample, including the developed ones, experience an order of magnitude larger welfare gains when China's productivity growth is biased towards its comparative disadvantage sectors. We demonstrate both analytically and quantitatively that this finding is driven by the inherently multilateral nature of world trade. As a separate but related exercise we quantify the worldwide welfare gains from China's trade integration. Mode of access: Internet Levchenko, Andrei. Zhang, Jing. IMF Working Papers; Working Paper ; No. 2012/079 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/079/001.2012.issue-079-en.xml IMF e-Library