EU15 Trade with Emerging Economies and Rentier States: Leveraging Geography
AbstractDuring 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 InfoPaper provided by CEPII research center in its series Working Papers with number 2009-25.
Date of creation: Oct 2009
Date of revision:
TRADE; EMERGING ECONOMIES; RENTIER STATES; EUROPEAN UNION; EXPORT PRICES;
Find related papers by JEL classification:
- F1 - International Economics - - Trade
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- F5 - International Economics - - International Relations, National Security, and International Political Economy
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