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The Economic Impact of Globalization in Asia-Pacific - The Case of The Flying Geese

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  • Christer Ljungwall

    (China Center for Economic Research)

  • Örjan Sjöberg
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    Abstract

    In Pacific Asia, globalization has resulted in rapidly growing international flows of goods, portfolio capital, and direct investments. At the same time, several countries shift from a command to market economy. Against this background, we analyze the perhaps most popular model used to depict the process of economic integration and development in Pacific Asia, the flying geese pattern of shifting comparative advantage. Our point of departure is that economic and other social processes are best understood in relation to one another. We confine ourselves to intraregional patterns of trade and investment but locate them within the broader framework of global trends.

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    Bibliographic Info

    Paper provided by East Asian Bureau of Economic Research in its series Development Economics Working Papers with number 22711.

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    Date of creation: Jan 2005
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    Handle: RePEc:eab:develo:22711

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    Related research

    Keywords: Asia; globalization; Flying Geese Model; Comparative Advantage;

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    1. Greenaway, David & Morgan, Wyn & Wright, Peter, 2002. "Trade liberalisation and growth in developing countries," Journal of Development Economics, Elsevier, vol. 67(1), pages 229-244, February.
    2. Wen, Mei, 2004. "Relocation and agglomeration of Chinese industry," Journal of Development Economics, Elsevier, vol. 73(1), pages 329-347, February.
    3. Kevin H. O'Rourke & Jeffrey G. Williamson, 2001. "Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650592, December.
    4. C. Fred Bergsten, 1997. "Open Regionalism," Working Paper Series WP97-3, Peterson Institute for International Economics.
    5. Nicholas Crafts & Tony Venables, 2002. "Globalization in history: a geographical perspective," LSE Research Online Documents on Economics 2135, London School of Economics and Political Science, LSE Library.
    6. Cumings, Bruce, 1984. "The origins and development of the Northeast Asian political economy: industrial sectors, product cycles, and political consequences," International Organization, Cambridge University Press, vol. 38(01), pages 1-40, December.
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