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articles: Intra-Asia trade and foreign direct investment

Author

Listed:
  • Akira Kiminami

    (Department of Agricultural and Resource Economics, University of Tokyo, 1-1-1 Yayoi, Bunkyo-ku, Tokyo 113-8657, Japan)

  • Lily Y. Kiminami

    (Faculty of Intercultural Communication, Ryukoku University, 1-5 Yokotani, Seta-Oe-cho, Otsu, Shiga 520-2194, Japan)

Abstract

This article reconsiders the patterns of intra-Asia trade and the linkages with foreign direct investment (FDI) in this region. The following conclusions are drawn. Firstly, by 1985 intra-Asia trade exhibited both distinct patterns of inter-industry trade on the one hand, and intra-industry trade on the other. Secondly, the patterns of trade in this region have not changed since 1985 from vertical to horizontal, but from a "flying-geese" to an "acrobatic" type, due to the sharp increase in FDI within the region. Thirdly, since the early 1990s, FDI began to shift to China due to the wage differentials between China and other East Asian countries. This made the countries of East Asia compete with one another, rushing to obtain capital and financial resources from all over the world - ultimately contributing to recent financial and economic turbulence in the region. The article concludes with some brief policy recommendations on how to avoid a recurrence of the Asian crisis in the 21 century.

Suggested Citation

  • Akira Kiminami & Lily Y. Kiminami, 1999. "articles: Intra-Asia trade and foreign direct investment," Papers in Regional Science, Springer;Regional Science Association International, vol. 78(3), pages 229-242.
    • Handle: RePEc:spr:presci:v:78:y:1999:i:3:p:229-242
    Note: Received: 18 August 1997
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    Citations

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    Cited by:

    1. Kiminami, Lily Y. & Kiminami, Akira, 2000. "International Specialization of Food Industry in East Asia," Japanese Journal of Agricultural Economics (formerly Japanese Journal of Rural Economics), Agricultural Economics Society of Japan (AESJ), vol. 2.

    More about this item

    Keywords

    Intra-industry trade; foreign direct investment; Asia; sectoral analysis;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • N65 - Economic History - - Manufacturing and Construction - - - Asia including Middle East

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