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

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Author Info
Ng, Francis
Yeats, Alexander

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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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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. Willenbockel, Dirk & Robinson, Sherman, 2009. "The Global Financial Crisis, LDC Exports and Welfare: Analysis with a World Trade Model," MPRA Paper 15376, University Library of Munich, Germany. [Downloadable!]
  2. Nathalie Aminian & K. Fung & Francis Ng, 2009. "A comparative analysis of trade and economic integration in East Asia and Latin America," Economic Change and Restructuring, Springer, vol. 42(1), pages 105-137, May. [Downloadable!] (restricted)
  3. Guariglia, Alessandra & Santos-Paulino, Amelia U., 2008. "Export Productivity, Finance, and Economic Growth: Are the Southern Engines of Growth Different?," Working Papers RP2008/27, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  4. Prema-chandra Athukorala, 2006. "Singapore and ASEAN in the New Regional Division of Labour," Departmental Working Papers 2006-11, Australian National University, Economics RSPAS. [Downloadable!]
    Other versions:
  5. Tubagus Feridhanusetyawan, 2005. "Preferential Trade Agreements in the Asia-Pacific Region," IMF Working Papers 05/149, International Monetary Fund. [Downloadable!]
  6. Richard E. Baldwin & Frédéric Robert-Nicoud, 2007. "Offshoring: General Equilibrium Effects on Wages, Production and Trade," CEP Discussion Papers dp0794, Centre for Economic Performance, LSE. [Downloadable!]
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  7. Baldwin, Richard, 2006. "Managing the Noodle Bowl: The Fragility of East Asian Regionalism," CEPR Discussion Papers 5561, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  8. Amita Batra, 2006. "Asian Economic Integration: ASEAN+3+1 or ASEAN+1s?," Indian Council for Research on International Economic Relations, New Delhi Working Papers 186, Indian Council for Research on International Economic Relations, New Delhi, India. [Downloadable!]
  9. Prema-chandra Athukorala, 2006. "Multinational Production Networks and the New Geo-economic Division of Labour in the Pacific Rim," Departmental Working Papers 2006-09, Australian National University, Economics RSPAS. [Downloadable!]
  10. Sanjaya Lall, Manuel Albaladejo and Jinkang Zhang (QEH), . "Mapping Fragmentation: Electronics and Automobiles in East Asia and Latin America," QEH Working Papers qehwps115, Queen Elizabeth House, University of Oxford. [Downloadable!]
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  11. Christopher Edmonds & Sumner J. La Croix & Yao Li, 2006. "The China's Rise as an International Trading Power," Economics Study Area Working Papers 88, East-West Center, Economics Study Area. [Downloadable!]
  12. Santos-Paulino, Amelia U., 2008. "Export Productivity and Specialization in China, Brazil, India and South Africa," Working Papers RP2008/28, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  13. Gary Clyde Hufbauer & Yee Wong, 2005. "Prospects for Regional Free Trade in Asia," Peterson Institute Working Paper Series WP05-12, Peterson Institute for International Economics. [Downloadable!]
  14. Prema-chandra Athukorala & Nobuaki Yamashita, 2005. "Production Fragmentation and Trade Integration: East Asia in a Global Context," Departmental Working Papers 2005-07, Australian National University, Economics RSPAS. [Downloadable!]
    Other versions:
  15. Tri Widodo, 2007. "European presence in Indonesia," Asia Europe Journal, Springer, vol. 5(3), pages 381-399, September. [Downloadable!] (restricted)
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