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

• Tác giả: Francis Ng
• Ngôn ngữ: eng
• Ký hiệu phân loại: 342.25 Constitutional and administrative law
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 292976
• Chủ đề: 1. ECONOMIC LINKAGES; 2. INTERDEPENDENCE; 3. REGIONAL COOPERATION; 4. REGIONAL INTEGRATION; 5. REGIONAL TRADE

Tóm tắt

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.