Technology intensity of Indian merchandise exports

In the light of substantive improvement in the India’s export performance, this paper examines whether our exports have diversified to more technology intensive products. The analysis is focused mainly on merchandise export of India in the post liberalised period. The classification of merchandise export according to their technology intensity is based on OECD classification for the same. The analysis is done at 2-digit level for all commodities and at 3-digit level for some selected commodities. The study reveals that, India’s Export is dominated by medium-low technology intensive commodities. Export of low technology intensive is still prominent, while medium-high technology is showing signs of improvement, especially in recent periods. India has still to go long way, before making a mark in export of high technology intensive commodities.Technology exports; Merchandise Exports; Trends in Indian Exports; Technology Intensity

Estimating the cost of a new technology intensive automotive product: A case study approach.

Estimating cost of new technology intensive products is very ad hoc within the automotive industry. There is a need to develop a systematic approach to the cost estimating, which will make the estimates more realistic. This research proposes a methodology that uses parametric, analogy and detailed estimating techniques to enable a cost to be built for an automotive powertrain product with a high content of new technology. The research defines a process for segregating new or emerging technologies from current technologies to enable the various costing techniques to be utilised. The cost drivers from an internal combustion engine's characteristics to facilitate a cost estimate for high- volume production are also presented. A process to enable a costing expert to either build an estimate for the new technology under analysis or use a comparator and then develop a variant for the new system is also discussed. Due to the open nature of the statement ‘new technology’, research is also conducted to provide a meaningful definition applicable to the automotive industry and this pro

The biophysical perspective of a middle income economy: Material Flows in Mexico

We analyse natural resource use dynamics in the Mexican economy during the last three decades. Despite low and uneven economic growth, the extraction and use of materials in the Mexican economy has continuously increased during the last 30 years. In this period, population growth rather than economic growth was the main driving force for biophysical growth. In addition, fundamental changes have taken place in the primary sectors, in manufacturing, and in household consumption and these are reflected in an increasing emphasis on the use of fossil fuels and construction materials. Mexico’s economy has been strongly influenced by international trade since the country commenced competing in international markets. In the 1970s, Mexico mainly exported primary resources. This pattern has changed and manufactured goods now have a much greater importance due to a boom in assembling industries. In contrast with other Latin American countries, Mexico has achieved a diversification of production, moving towards technology-intensive products and a better mix in its export portfolio. However, crude oil exports still represent the single most important export good. Mexico’s material consumption is still well below the OECD average but is growing fast and the current resource use patterns may well present serious social and environmental problems to the medium and long term sustainability of Mexico’s economy and community. Information on natural resource use and resource productivity could provide valuable guidance for economic policy planning in Mexico.Natural resources, resource use patterns and dynamics, physical accounting, material flows, resource use efficiency, Mexico

The Biophysical Perspective of a Middle Income Economy: Material Flows in Mexico

In this paper we analyse natural resource use dynamics in the Mexican economy during the last three decades. Despite low and uneven economic growth, the extraction and use of materials in the Mexican economy has continuously increased over the last 30 years. During this time, population growth, rather than economic growth, has been the main driving force for biophysical growth. In addition, a fundamental change in the primary sectors, in manufacturing as well as in household consumption, has taken place and is reflected in an increasing importance of fossil fuel and construction materials use. Mexico’s economy is strongly influenced by international trade since the country has opened up for competition on international markets. In the 1970s, Mexico’s main export was primary resources. This has changed and manufactured goods now have much greater importance due to a boom in assembling industries. Mexico, unlike other Latin American countries, has achieved a diversification of production moving towards technology intensive products and now has a better mix in its export portfolio. However, crude oil exports still represent the single most important export commodity. Mexico’s material consumption is still well bellow the OECD average but is growing fast and the current resource use patterns may well present serious social and environmental problems for the medium and long term sustainability of Mexico’s economy and communities. Information on natural resource use and resource productivity could provide valuable information to guide economic policy planning for Mexico’s future.physical accounting, material flows, resource productivity, Mexico

Hungary's integration into European Union markets - production and trade restructuring

Hungary has achieved impressive results in reorienting both its production and trade. Between 1989 and 1992, as the former CMEA marketscollapsed and Hungary liberalized imports and the exchange rate regime, exports to the European Union (EU) expanded, with manufactured exports redirected largely to Western (mostly EU) markets. During this first phase of expansion, characterized by a dramatic reorientation and explosion of trade, the value of Hungary's exports increased 84 percent. In 1993 export expansion lost steam and EU-oriented exports fell 12 percent. In a second phase of expansion (in 1994-97), driven by restructured and rapidly changing export offers, exports again registered strong performance, their value increasing 132 percent. There was a dramatic shift from an export basket dominated by resource-intensive, low-value-added products to one driven by manufacturers, with a rapidly accelerating growth of engineering products. Machinery and transport equipment rose from 12 percent of exports to the EU in 1989 to more that 50 percent in 1997. The shift from natural resource and unskilled-labor-intensive products to technology - and capital-intensive products in EU-oriented exports - suggests the potential for integration higher in the value-added spectrum. More stringent EU environmental regulations will affect a relatively low, and falling, share of Hungary's exports. The Hungarian share of environmentally"dirty"products imported by the EU has increased, but these products have not been trendsetters among Hungarian exports, their share in exports falling from 26 percent in 1989 to 16 percent in 1996. The rapid pace of Hungary's turnaround seems to reflect the emergence of second-generation firms, mostly foreign-owned. Foreign-owned firms tend to be more export-oriented. Hungary has been on of the more successful transition economies because its economy was receptive to foreign direct investment from the outset. Between 1990 and 1997, Hungary absorbed roughly half of all foreign capital invested in Central Europe.TradePolicy,Economic Theory&Research,Agribusiness&Markets,Environmental Economics&Policies,Markets and Market Access,Environmental Economics&Policies,Trade Policy,Economic Theory&Research,Agribusiness&Markets,TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT

From Export Promotion To Import Substitution; Comparative Experience of China and Mexico

Abstract Both Mexico and China have started export orientation in some industries, through assembly operations, based on imported inputs a couple of decades ago. The literature on industrialization, has discussed the questions of import substitutions and outward-orientation mainly as alternative routes to industrialization. In both cases, it is argued that “learning” would contribute to industrial development. Proponent of import substitution argued that import substitution contributes to industrial development through “learning by doing”. Those in favour of free trade and outward orientation argue that trade contributes to the transfer of knowledge and technology. This study is the first part of a twin study in which the authors attempt to shed some light on the comparative experience of the two countries in the light of the above-mentioned literature. The present study is devoted to the establishment of facts, while in the second study an attempt will be made to provide an explanation for differences in the performance of the two countries and the role played by their government in order to see whether the process, if successful, is replicable elsewhere. China and Mexico the process of trade liberalization and development of export oriented industries started, following a period of pursuing import substitution strategy , more or less, at the same time-if not earlier in the case of Mexico. It will be shown in this study that both countries have managed to develop comparative advantage in many industries initiated through import substitution; but China has been more successful than Mexico in gradually increasing value added in export oriented industries by substituting domestic production for imported inputs in these industries. The first section is devoted to a brief survey of the literature. In the second section, we will shed some light on the general trends in development of export promotion industries and general performance of the manufacturing sector in exports and production. The third section is devoted to the analysis of processing trade and value added in assembly operations through production of domestic components. In section four we will investigate the evolution of revealed comparative advantage in exports, production and assembly operation of traded finished goods and parts and components in order to shed some light on their future export prospects. The final section will conclude the study. . 2Mexico, China, Industrialization, Value added, Trade policy, Import substitution, export expansion

Real Exchange Rate in China : A Long-run Perspective

This paper investigates the RMB exchange rate from a long-run viewpoint. Whether Chinas rapid economic growth brought about real exchange rate appreciation between 1975 and 2002 is empirically examined, based on a supply-side model, the BalassaSemuelson Hypothesis (BSH). The same test is conducted on Japan, Hong Kong, Korea, Malaysia, Singapore, Thailand, the Philippines, Indonesia and India. Our result indicates that the BSH only exists where the industrial structure has been upgraded and the economy has been successfully transformed from an agricultural economy to a manufacturing economy. Interestingly, China, among those where the BSH does not present, appears to be upgrading its industrial and trade structure. We then try to answer the question of why past rapid growth has no significant relationship with the RMB real exchange rate and what factors are underlying the trend of the RMB real exchange rate. We expect an appreciating trend of RMB real exchange rate in the foreseeable future, presuming that Chinas industrial upgrading process continues and the factors pertaining to the BSHs prediction, such as rise of wage rates in both tradables and nontradables, become more significant.RMB real exchange rate, economic growth