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East Asian Supply Chains and Relative Prices: A survey of the evidence

Author

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  • Willem THORBECKE

Abstract

This paper provides an analytical description of East Asian supply chains. The data indicate that they have become more and more centered on China. In a value-added sense, though, East Asia as a whole is running surpluses against the West. The paper then surveys evidence from a variety of sources indicating that an appreciation throughout East Asian supply chain countries would help to rebalance trade within regional production networks.

Suggested Citation

  • Willem THORBECKE, 2012. "East Asian Supply Chains and Relative Prices: A survey of the evidence," Policy Discussion Papers 12006, Research Institute of Economy, Trade and Industry (RIETI).
    • Handle: RePEc:eti:polidp:12006
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    File URL: https://www.rieti.go.jp/jp/publications/pdp/12p006.pdf
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    References listed on IDEAS

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    1. Cheung, Yin-Wong & Chinn, Menzie D. & Qian, XingWang, 2012. "Are Chinese trade flows different?," Journal of International Money and Finance, Elsevier, vol. 31(8), pages 2127-2146.
    2. Ma, Guonan & McCauley, Robert N., 2011. "The evolving renminbi regime and implications for Asian currency stability," Journal of the Japanese and International Economies, Elsevier, vol. 25(1), pages 23-38, March.
    3. Willem Thorbecke & Atsuyuki Kato, 2011. "The Effect of Exchange Rate Changes on Japanese Consumption Exports," ADBI Working Papers 298, Asian Development Bank Institute.
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    13. Daisuke Hiratsuka, 2011. "Production Networks in Asia : A Case Study from the Hard Disk Drive Industry," Microeconomics Working Papers 23235, East Asian Bureau of Economic Research.
    14. Thorbecke, Willem, 2011. "Investigating the effect of exchange rate changes on china's processed exports," Journal of the Japanese and International Economies, Elsevier, vol. 25(2), pages 33-46, June.
    15. Guillaume Gaulier & Françoise Lemoine & Deniz Ünal-Kesenci, 2005. "China’s Integration in East Asia: Production Sharing, FDI & High-Tech Trade," Working Papers 2005-09, CEPII research center.
    16. Xing, Yuqing, 2012. "Processing trade, exchange rates and China's bilateral trade balances," Journal of Asian Economics, Elsevier, vol. 23(5), pages 540-547.
    17. Cheung, Yin-Wong & Chinn, Menzie D. & Qian, XingWang, 2012. "Are Chinese trade flows different?," Journal of International Money and Finance, Elsevier, vol. 31(8), pages 2127-2146.
    18. Nobuaki Yamashita, 2011. "The Currency of the People’s Republic of China and Production Fragmentation," Macroeconomics Working Papers 23209, East Asian Bureau of Economic Research.
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    Cited by:

    1. Pontines, Victor, 2015. "How useful is an Asian Currency Unit (ACU) index for surveillance in East Asia?," Economic Systems, Elsevier, vol. 39(2), pages 269-287.

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