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Major trade trends in East Asia : what are their implications for regional cooperation and growth

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  • Ng, Francis
  • Yeats, Alexander

Abstract

This study's empirical findings have positive implications for further efforts to expand East Asian regional trade and cooperation initiatives. Since the mid-1980s regional intra-trade has grown at a rate roughly double that of world trade, and at a rate far higher than the intra-trade of the North America Free Trade Agreement (NAFTA) member countries or the European Union. Evidence based on intra-industry trade ratios or statistics on international production sharing show economic linkages and the interdependence of East Asian economies have considerably strengthened over the past two decades. On a global scale, East Asia (excluding Japan) now originates 19 percent of world trade, which is approximately the same share as the NAFTA member countries.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 3084.

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Date of creation: 30 Jun 2003
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Handle: RePEc:wbk:wbrwps:3084

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Keywords: Trade Policy; Economic Theory&Research; Payment Systems&Infrastructure; Environmental Economics&Policies; Earth Sciences&GIS; Environmental Economics&Policies; Earth Sciences&GIS; TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT; Economic Theory&Research; Trade Policy;

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  1. Ng, Francis & Yeats, Alexander, 1999. "Production sharing in East Asia : who does what for whom, and why?," Policy Research Working Paper Series 2197, The World Bank.
  2. Pravin Krishna, 2003. "Are Regional Trading Partners "Natural"?," Journal of Political Economy, University of Chicago Press, vol. 111(1), pages 202-231, February.
  3. Kym Anderson, 1983. "Intensity Of Trade Between Pacific Basin Countries," Economic Papers, The Economic Society of Australia, vol. 2(1), pages 58-67, 05.
  4. Schiff, Maurice, 2001. "Will the Real “Natural Trading Partner” Please Stand Up?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 16, pages 245-261.
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