Africa's earliest bananas?

The recent discovery of banana phytoliths dating to the first millennium BC in Cameroon has ignited debate about the timing of the introduction of this important food crop to Africa. This paper presents new phytolith evidence obtained from one of three sediment cores from a swamp at Munsa, Uganda, that appears to indicate the presence of bananas (Musa) at this site during the fourth millennium BC. This discovery is evaluated in the light of existing knowledge of phytolith taphonomy, the history of Musa, ancient Indian Ocean trade and African prehistory.     

The Impact of Global Financial Crisis on the Mechanism of Economic Growth in Russia

A noted specialist on the Russian economy presents an assessment of the impact of the global financial crisis on the mechanism of the country's economic growth. Focusing on the demand side of the economic ledger, the author explores the question of whether Russia will be able to re-attain the high economic growth rates of the period from 2000 to 2007 after recovering from the crisis. The paper analyzes the sharp drop in production in 2008 and the first quarter of 2009, attributing most of the damage to liquidity problems and declines in the price of oil. Empirical evidence is based primarily on data collected by the author from the Central Bank of Russia and the country's federal bureau of statistics (Rosstat). Journal of Economic Literature, Classification Numbers: E010, E200, E660, F210, G010. 11 figures, 3 tables, 29 references.     

China's Emergence and Impact on Technology in East Asia: The Case of Machinebuilding

Two Taiwan-based economists estimate the technology content of exports by the machinebuilding industry of the East Asia region during 2004-2008, using comparative analysis to clarify changes in the relative competitiveness of four East Asian nations (China, Japan, South Korea, and Taiwan) accompanying the formation of a regional trading bloc and production networks. In particular, they examine the technology content of these countries' machinebuilding sub-industries' exports within the Southeast Asian market (documenting the rise of the machinebuilding industry in China) as well as the penetration of Japanese, South Korean, and Taiwanese sub-industries into China's market. The results point to areas of emerging competition among China, South Korea, Japan, and Taiwan for East Asian markets, which can only be expected to intensify in the future. Journal of Economic Literature, Classification Numbers: F14, F15, F36, O14, P23. 7 tables, 36 references.     

Russia's Accession to the World Trade Organization

A prominent specialist on the Russian economy presents a timely assessment of Russia's accession to the World Trade Organization. The author discusses the reasons that prompted Russia to seek membership and scrutinizes the major obstacles, such as complexities of the accession process and the country's institutional malaise. An analysis of the effects of possible membership on the Russian economy is followed by a focus on Putin's first term (2000-2003) when he supported entry, and the second (2004-2007) when he lost interest. Also presented are two scenarios projecting reinvigorated pursuit of Russian membership, or abandonment of the goal. Journal of Economic Literature, Classification Numbers: F13, F40, O19. 1 table, 46 references.     

Russian Accession to the WTO: An Assessment

A senior World Bank economist presents a study focusing on issues controlling Russia's accession to the WTO in 2007. The paper discusses the principal reform commitments that Russia has made in an effort to become a member of the organization and addresses the question of whether the country faces excessive demands due to political considerations. While exploring such issues as potential relations with foreign exporters and investors, the author summarizes the relevant parts of his recent joint study of Russian import tariffs that casts a new light on a complex aspect of international trade. Among other problems relating to Russia's entry, he discusses in some detail branch banking and the tradedistorting subsidies in agriculture. Journal of Economic Literature, Classification Numbers: F13, F40, O19. 3 tables, 26 references.     

China's Exchange Rate Controversy: A Balanced Analysis

A noted American authority on China's economy and monetary policy presents a statistical as well as theoretical analysis of a variety of perspectives on the controversy surrounding China's currency, basing his paper on both. The author provides the historical background and comprehensive summaries, focusing on different viewpoints about whether China's currency is undervalued, and thus may contribute to global imbalances. In the paper, he divides observers involved in the controversy into two main camps, namely the ones who find China's trade balances to be sensitive to price effects through exchange rate adjustments and those who emphasize other factors as bearing the responsibility for China's large surpluses, including the U.S. credit bubble emerging before the global financial crisis, as well as a version of Dutch disease.     

论洋务知识分子的对外贸易思想

洋务知识分子在对外贸易上主张：以中国的优势产品推行出口型贸易战略;发展本国机器工业以实现“进口替代”;组织公司以发挥对外贸易的团队优势;强化政府的宏观管理以改善贸易的内外环境;采取保商政策等。这些主张的提出,适应了时代的发展要求,从而把传统的国内贸易思想和对外无足轻重的贸易意识提高到了立国强国的现代贸易的思想高度。这对当时及此后重商、重工思想的发展以及社会经济的进步都产生了积极影响。     

大米换橡胶：20世纪50年代的中锡贸易

1952年9月和12月,中国与锡兰从各自的需要出发,签订了以大米换橡胶为主要内容的政府贸易协定,不仅开创了新中国同尚未建交、又是不同社会制度国家签订政府贸易协定的先河,而且建立了新中国与锡兰间的贸易关系,促进了两国贸易额的迅速增长。1957年8月,中锡在签订第二个五年贸易协定时,面对超价难题,周恩来提出了将贸易和援助分开来谈,即橡胶贸易按照公平的市场价格,但中国同时给予锡兰经济援助的设想,使谈判进入了比较顺利的阶段。中锡贸易协定的执行和续订,从南亚和东南亚方向打开了美国对华封锁、禁运的缺口,促进了中锡友好关系的发展。     

20世纪90年代的中日纤维产品贸易

20世纪90年代中日两国贸易结构发生较大变化,即中国对日本出口的食品及矿产等初级产品在对日出口总额中降到不足一成,而纤维产品贸易以几乎每年占中日贸易额的20～30％的速度强劲发展,推动了两国贸易总额的迅速增长,但同时也引起贸易摩擦。尽管纤维产品贸易由垂直贸易分工向初级水平贸易分工发展,以及密切的依存关系两大特征,使中日两国避免了在该领域的贸易战,但是,如何在互补性贸易结构中寻求更多的合作领域以减少贸易摩擦甚至避免贸易战争,是20世纪90年代中日纤维产品贸易带来的重要启示。     

Seventeenth-Century Vehicle of the Middle Passage: Archaeological and Historical Investigations on the Henrietta Marie Shipwreck Site

This study describes the archaeological investigations that have taken place at the wreck site of the English slave ship Henrietta Marie (1700) since its location in 1972. Information is provided on the methodology utilized during on-site archaeological data recovery, and the artifacts retrieved from the wreck site are described in detail. An account of complimentary documentary research on this wrecked slaver is also presented. Contemporary historical data gleaned from shipping lists, slaver’s logs, seamen’s wills and other sources are utilized to place Henrietta Marie within her proper context as a vehicle involved in the notorious transatlantic slave trade.