Publication: Major Trade Trends in East Asia : What are their Implications for Regional Cooperation and Growth?
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2003-06
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2014-05-05
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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.
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“Ng, Francis; Yeats, Alexander. 2003. Major Trade Trends in East Asia : What are their Implications for Regional Cooperation and Growth?. Policy Research Working Paper;No. 3084. © http://hdl.handle.net/10986/18171 License: CC BY 3.0 IGO.”
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