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Major trade trends in East Asia : what are their implications for regional cooperation and growth, Volume 1
 
Author:Ng, Francis; Yeats, Alexander; Collection Title:Policy, Research working paper series ; no. WPS 3084
Country:Hong Kong SAR, China; East Asia and Pacific; Korea, Republic of; Brunei Darussalam; Cambodia; Lao People's Democratic Republic; Indonesia; China; Date Stored:2003/07/26
Document Date:2003/06/30Document Type:Policy Research Working Paper
SubTopics:Environmental Economics & Policies; Earth Sciences & GIS; Economic Theory & Research; Payment Systems & Infrastructure; Trade Policy; Free TradeLanguage:English
Major Sector:Industry and tradeRegion:East Asia and Pacific
Report Number:WPS3084Sub Sectors:Other domestic and international trade
Volume No:1  

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.

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