Singapore and ASEAN in the New Regional Division of Labour
AbstractThis paper examines the implications of international fragmentation of production for trade patterns of Singapore and the other ASEAN economies, with emphasis on their regional and global economic integration. The analysis reveals that the degree of dependence of these countries on this new global division labour is much larger compared to the other countries East Asia, Europe and North America. Network-related trade in parts and components has certainly strengthened economic interdependence among ASEAN countries and between ASEAN and other major economies in East Asia, but this has not lessoned the dependence of growth dynamism of these countries on the global economy. The operation of cross-border production networks depends inexorably on trade in final goods with North America and the European Union.
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Bibliographic InfoPaper provided by The Australian National University, Arndt-Corden Department of Economics in its series Departmental Working Papers with number 2006-11.
Length: 40 pages
Date of creation: 2006
Date of revision:
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production fragmentation; multinational enterprises; trade patterns; ASEAN;
Other versions of this item:
- Prema-Chandra Athukorala, 2008. "Singapore And Asean In The New Regional Division Of Labor," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 53(03), pages 479-508.
- F15 - International Economics - - Trade - - - Economic Integration
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-10-21 (All new papers)
- NEP-INT-2006-10-21 (International Trade)
- NEP-SEA-2006-10-21 (South East Asia)
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