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Bus Econ (2018) 53:1–2 https://doi.org/10.1057/s11369-018-0071-7 EDITORIAL Charles Steindel Published online: 1 February 2018 National Association for Business Economics 2018 In a sign of the growing importance of world-wide devel- In his paper, John O’Trakoun discusses China’s Belt and opments to business economics, every article and review in Road initiative—the nation’s highly ambitious investments this issue centers on topics of international concern, not in infrastructure across a wide scope of nations in Asia and those parochial to the United States. Europe. Do the program’s investments in a nation improve The first piece is a speech given at NABE’s annual local perceptions of China? Do any improvement in views meeting last September, by Tao Zhang, Deputy Manager of of China result in lower perceptions of the U.S.? O’Trak- the IMF. Zhang discussed global developments, noting the oun addresses these questions using detailed survey infor- pickup in growth. However, this improvement is also mation. Perhaps unsurprisingly, Chinese investment is occurring in a low-productivity growth environment, and associated with better perceptions of China. Interestingly, one in which income polarization appears to be ongoing. higher Chinese investment does not appear to be associated Tight labor markets do not appear to be generating robust with
Business Economics – Springer Journals
Published: Jan 1, 2018
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