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

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  • Alyson C. Ma
  • Ari Van Assche

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.

Suggested Citation

  • Alyson C. Ma & Ari Van Assche, 2012. "Is East Asia's Economic Fate Chained to the West?," CIRANO Working Papers 2012s-11, CIRANO.
    • Handle: RePEc:cir:cirwor:2012s-11
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    File URL: https://cirano.qc.ca/files/publications/2012s-11.pdf
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    Cited by:

    1. World Bank, 2014. "Trading Up to High Income : Turkey Country Economic Memorandum," World Bank Publications - Reports 19320, The World Bank Group.

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    Keywords

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