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

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

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, an...

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Bibliographic Details
Main Authors:	Ng, Francis, Yeats, Alexander
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	REGIONAL TRADE REGIONAL COOPERATION REGIONAL INTEGRATION INTERDEPENDENCE ECONOMIC LINKAGES INTRAREGIONAL TRADE ADVERSE EFFECTS AGRICULTURAL PRODUCTS ANDEAN PACT CAPACITY BUILDING COAL COMPARATIVE ADVANTAGE COMPETITIVENESS CURRENCY CYCLICAL POLICIES DEVALUATION DEVELOPMENT DUTY DRAWBACK SCHEMES ECONOMIC CONDITIONS ECONOMIC EFFECTS ECONOMIC GROWTH ECONOMIC IMPLICATIONS ECONOMIC SIZE EROSION EXCHANGE RATE EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT SHARE EXPORT SHARES EXPORT VALUE EXPORTERS EXPORTS FINANCIAL CRISIS FISCAL POLICIES FREE TRADE FREE TRADE AREA FUELS GDP GEOGRAPHIC MARKETS GLOBAL EXPORTS GLOBAL IMPORTS GLOBAL MARKETS GLOBAL TRADE GROSS DOMESTIC PRODUCT GROWTH RATE INDUSTRY TRADE INTERNATIONAL PRODUCTION INTERNATIONAL TRADE MARKET SIZE MONETARY POLICIES MUTUAL TRADE NON-TARIFF BARRIERS NORTH AFRICA NORTH AMERICA OIL OPEC PETROLEUM POINT PREFERENTIAL TARIFFS PREFERENTIAL TRADE PREFERENTIAL TRADE ARRANGEMENTS PRICE INCREASES PRODUCTION PROCESSES REGIONAL TRADE ARRANGEMENTS SCALE EFFECTS SHARE OF WORLD EXPORTS TARIFF BARRIERS TRADE TRADE AGREEMENT TRADE CLASSIFICATION TRADE DATA TRADE DIVERSIFICATION TRADE FLOWS TRADE INTENSITY TRADE ISSUES URUGUAY ROUND WESTERN EUROPE WORLD TRADE INTRAREGIONAL TRADE ADVERSE EFFECTS
Online Access:	http://documents.worldbank.org/curated/en/2003/06/2438509/major-trade-trends-east-asia-implications-regional-cooperation-growth http://hdl.handle.net/10986/18171

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Summary:	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.