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EU15 Trade with Emerging Economies and Rentier States: Leveraging Geography

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Author Info

  • Guillaume Gaulier
  • Françoise Lemoine
  • Deniz Ünal

Abstract

During the past ten years, the emerging economies, exporters of manufactured products or services, and the rentier states, exporters of primary products, have eroded the dominant position of the developed countries in world markets. The EU15 has lost less ground than the US or Japan. The EU15 has taken advantage of its geographical location to enhance its exports to the emerging and rentier countries located in Europe & Periphery. Regional integration has also favoured the upgrading of the EU15 imports from its emerging neighbours. The EU15 trade with emerging markets in Asia have strengthened the latter’s specialisation in high-technology products at low price, and the EU15 specialisation in hightechnology and high-quality products.

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Bibliographic Info

Paper provided by CEPII research center in its series Working Papers with number 2009-25.

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Date of creation: Oct 2009
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Handle: RePEc:cii:cepidt:2009-25

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Keywords: TRADE; EMERGING ECONOMIES; RENTIER STATES; EUROPEAN UNION; EXPORT PRICES;

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References

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  1. Lionel Fontagné & Guillaume Gaulier & Soledad Zignago, 2007. "Specialisation across Varieties within Products and North-South Competition," Working Papers 2007-06, CEPII research center.
  2. Lionel Fontagné & Michael Freudenberg & Guillaume Gaulier, 2006. "A Systematic Decomposition of World Trade into Horizontal and Vertical IIT," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 142(3), pages 459-475, October.
  3. Lionel Fontagné & Michaël Freudenberg, 1997. "Intra-Industry Trade: Methodological Issues Reconsidered," Working Papers 1997-01, CEPII research center.
  4. Françoise Lemoine & Deniz Ünal-Kesenci, 2008. "Rise of China and India in International Trade: From Textiles to New Technology," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 16(5), pages 16-34.
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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.
  2. Guillaume Gaulier & Françoise Lemoine & Deniz Ünal, 2012. "The rise of emerging economies in the EU15 trade," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 9(1), pages 133-175, April.
  3. Robert Kappel, 2010. "On the Economics of Regional Powers: Comparing China, India, Brazil, and South Africa," GIGA Working Paper Series 145, GIGA German Institute of Global and Area Studies.

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