Production Networks and Trade Patterns:East Asia in a Global Context
AbstractThis paper examines the implications of global production sharing for regional and global trade patterns in East Asia using a new data set culled from the UN trade database. It is found that, while ‘network trade’ has generally grown faster than total world trade in manufacturing, the degree of dependence of East Asia on this new form of international specialisation is proportionately larger than elsewhere in the world. Trade within production networks has certainly strengthened economic interdependence among countries in the region, with China playing a pivotal role as the premier centre of final assembly. However, this, contrary to the popular belief, has not lessened the dependence of export dynamism of these countries on the global economy. The rise of global production sharing has strengthened the case for a global, rather than a regional, approach to trade and investment policymaking.
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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 2009-15.
Length: 79 pages
Date of creation: 2009
Date of revision:
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More information through EDIRC
production sharing; trade patterns; East Asia; China;
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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- Prema-chandra Athukorala & Nobuaki Yamashita, 2009. "Global Production Sharing and Sino-US Trade Relations," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 17(3), pages 39-56.
- Prema-chandra Athukorala & Archanun Kohpaiboon, 2010.
"East Asia in World Trade: The Decoupling Fallacy, Crisis and Policy Challenges,"
Departmental Working Papers
2010-05, The Australian National University, Arndt-Corden Department of Economics.
- Prema-chandra Athukorala & Archanun Kohpaiboon, 2010. "East Asia in World Trade: The Decoupling Fallacy, Crisis, and Policy Challenges," FIW Working Paper series 052, FIW.
- Prema-chandra Athukorala, 2007.
"The Rise of China and East Asian Export Performance: Is the Crowding-out Fear Warranted?,"
Departmental Working Papers
2007-10, The Australian National University, Arndt-Corden Department of Economics.
- Prema-chandra Athukorala, 2009. "The Rise of China and East Asian Export Performance: Is the Crowding-Out Fear Warranted?," The World Economy, Wiley Blackwell, vol. 32(2), pages 234-266, 02.
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