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From Global Factory to Global Mall : East Asia’s Changing Trade Composition

Author

Listed:
  • Matthias Helble

    (Asian Development Bank Institute (ADBI))

  • Boon-Loong Ngiang

Abstract

This paper studies how East Asia’s trade composition and orientation have changed over the past decade and analyzes the implications for the region and beyond. Over the last 2 decades we have witnessed the emergence of regional and global supply chains, in which production is divided into production stages or tasks across the most competitive locations. East Asia has been the most successful region in the world in building up or joining regional and global supply chains and has been described as “Factory Asia†(Baldwin 2008). Introducing a new and simple analytical tool, we show that over the past decade East Asia has successfully consolidated its role as the “Global Factory.†Furthermore, studying East Asia’s recent trade patterns in primary, intermediate, capital, and consumption goods, our results indicate that East Asia is on track to becoming one of the biggest “malls†in the world. Whereas in 1999–2000 around half of all consumption goods exported by East Asia went to the United States and the European Union-27, in 2011–2012 half stayed in the region or were traded with the rest of the world.

Suggested Citation

  • Matthias Helble & Boon-Loong Ngiang, 2014. "From Global Factory to Global Mall : East Asia’s Changing Trade Composition," Trade Working Papers 24515, East Asian Bureau of Economic Research.
  • Handle: RePEc:eab:tradew:24515
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    File URL: http://www.eaber.org/node/24515
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    More about this item

    Keywords

    trade composition; East Asia; Factory Asia; global factory; trade pattern;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East

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