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The Triangular Trade: The Shock Transmission Mechanism in the Asia-Pacific Region

In: Asia Beyond the Global Economic Crisis

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  • Ikuo Kuroiwa
  • Hiroshi Kuwamori
  • Hajime Sato

Abstract

The characteristic feature of the recent global economic crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one region can be swiftly and extensively transmitted to the rest of the globe. The sudden contraction of world trade and output was a negative outcome of this intertwined global economic system. Based on the method known as international input–output analyses, this book provides a detailed examination of the mechanics of shock transmission by probing the labyrinth of complex supply networks among nations.

Suggested Citation

  • Ikuo Kuroiwa & Hiroshi Kuwamori & Hajime Sato, 2011. "The Triangular Trade: The Shock Transmission Mechanism in the Asia-Pacific Region," Chapters, in: Satoshi Inomata (ed.), Asia Beyond the Global Economic Crisis, chapter 1, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14205_1
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    References listed on IDEAS

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    1. Ikuo KUROIWA, 2009. "Value Content And Production Networks In Southeast Asia: Application Of Afta And Asean‐Plus‐One Fta Formulas," The Developing Economies, Institute of Developing Economies, vol. 47(2), pages 147-176, June.
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    Cited by:

    1. Françoise Lemoine, 2010. "Past Successes and New Challenges: China's Foreign Trade at a Turning Point," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 18(3), pages 1-23, May.

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    Keywords

    Asian Studies; Economics and Finance;

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