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Is East Asia’s Economic Fate Chained to the West?

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  • Alyson C. Ma
  • Ari Van Assche

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    Abstract

    In the past few decades, East Asia has become a key player in the global value chains of products that are consumed in Western markets. In this paper, we discuss how idiosyncratic shocks propagate through global value chains, and assess how this has affected East Asian countries’ vulnerability to demand shocks in the West.

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    File URL: http://www.cirano.qc.ca/pdf/publication/2012s-11.pdf
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    Bibliographic Info

    Paper provided by CIRANO in its series CIRANO Working Papers with number 2012s-11.

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    Date of creation: 01 May 2012
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    Handle: RePEc:cir:cirwor:2012s-11

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    Keywords: global value chains; international trade; East Asia; international transmission of business cycles;

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