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Economic Regionalisation and Intra-Industry Trade: Pacific-Asian Perspectives

  • Kiichiro Fukasaku

The present paper examines the trade development of Pacific-Asian economies during the past decade from the perspective of regional integration. Its main focus is on the development of intra-regional and intra-industry trade. It provides some statistical evidence for the often-heard argument that the remarkable development of Pacific-Asian trade in the 1980s should be seen as a case for the "flying-geese" pattern of trade development, which is basically of inter-industry type. It argues, however, that developments since the mid-1980s have provided a new dimension to the regional division of labour — increasing the opportunities for intra-industry trade (IIT) among the Pacific-Asian economies. The empirical analysis based on the Grubel-Lloyd index of IIT in manufactures suggests that large increases in the level of IIT in the developing economies of the region is a consequence of "globalisation" of corporate activities in the United States and, more recently, in Japan and the ... Cette étude examine le développement des échanges dans les économies du Pacifique asiatique, dans une perspective d'intégration régionale, au cours des dix dernières années. L'aspect intra-régional et intra-industriel du développement des échanges constitue le thème principal de l'étude. Elle fournit certaines preuves statistiques qui accréditent l'image souvent évoquée à propos du surprenant développement des échanges dans la région du Pacifique asiatique pendant les années 80, image d'un schéma de développement dit "vol d'oies sauvages" et qui est, en fait, un développement de type inter-industriel. L'étude soutient cependant que depuis la seconde moitié des années 80, ces développements ont apporté un nouveau regard sur la répartition de la main- d'oeuvre, augmentant ainsi les opportunités pour les échanges intra-industriels (EII) dans les économies du Pacifique asiatique. L'analyse empirique, basée sur l'indice de Grubel-Lloyd pour les produits manufacturés, indique que ...

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Paper provided by OECD Publishing in its series OECD Development Centre Working Papers with number 53.

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Date of creation: Feb 1992
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Handle: RePEc:oec:devaaa:53-en
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