Major Trade Trends in East Asia: What are Their Implications for Regional Cooperation and Growth?

By F. Ng, A. Yeats. 2003

290 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/97fc2221873a111b745acac9686a86f6dcc97f7b

Citations in the corpus

• A New Resource Curse? Impacts of China’s Boom on Comparative Advantage and Resource Dependence in Southeast Asia (2007, unknown): “…global and regional trade will cause SE Asia’s resource-abundant economies to become less specialized in laborintensive manufacturing such as garments, and more specialized in resource-based exports (Ianchovichina & Martin, 2004; Ianchovichina & Walmsley, 2005; Ng & Yeats, 2003; Weiss & Gao, 2002).”
• Managing the Noodle Bowl: The Fragility of East Asian Regionalism (2008, unknown): “This division of East Asia into headquarter (HQ) economies and factory economies strengthened as Hong Kong, China; 4 The best papers on Factory Asia are Ando (2004), Ando and Kimura (2004, 2005), Kimura and Ando (2003, 2005), Ng and Yeats (2003), and Fukao, Ishito, and Ito (2003).”
• Mapping fragmentation: Electronics and automobiles in East Asia and Latin America (2004, unknown): “Analysts measure fragmentation by comparing trade in parts and components (P&C) with that in final products (Yeats, 2001; Ng & Yeats, 1999, 2003).15 Table 1 shows P&C and finished products at the four-digit SITC level16 for electronics and automotives.17 In line with conventional usage, only items…”
• China’s Integration in East Asia:Production Sharing, FDI & High-Tech Trade (2007, unknown): “…up production processes into two or more steps depends on the technique of production, the forces driving to vertical specialisation have been stronger in some industries, such as machinery and electrical machinery (Ando and Kimura, 2003; Ng and Yeats, 2003; Masuyama, 2004; Fukao et alii, 2003).”
• Why is China so Competitive? Measuring and Explaining China's Competitiveness (2006, unknown): “(Ng and Yeats, 2003) Many of the foreign investment projects take the form of joint ventures with Chinese partners.”
• Production fragmentation and trade integration: East Asia in a global context (2006, unknown): “capital intensive) while low wage countries have a comparative advantage in assembly activities (which are labour intensive) (Ng and Yeats 2003).”
• The Impact of China's WTO Accession on East Asia (2003, unknown): “The high intensity of trade between individual East Asian developing countries and China in 2001 (Ng and Yeats, 2002) suggests that the planned reductions in the protection of China’s markets offer some good opportunities for exporters in developing economies.”
• Who Produces for Whom in the World Economy (2011, unknown): “Fontagné, Freudenberg, and Ünal-Kesenci (1996), Ng and Yeats (1999), Yeats (2001) (this paper also use data coming from special favourable treatment for re-imported domestically produced components), Ng and Yeats (2003), Egger and Egger (2005). 18 Athukorala and Yamashita (2006). 19 E.”