Global Production Networks in Electronics and Intra-Asian Trade

Byron Gangnes () and Ari Van Assche

LICOS Discussion Papers from LICOS - Centre for Institutions and Economic Performance, KU Leuven

Abstract: The growth of East Asia’s intra-regional trade is driven largely by increased component trade within global electronics production networks. Data on both electronics trade and production elucidate a pattern of specialization in which upper- and middle-income countries produce sophisticated components and lower-income countries assemble lowervalue- added final goods. There is evidence of increasing sophistication within the electronics sector by the Newly Industrialized Economies and to a lesser extent by ASEAN countries. Despite the marked increase in intra-regional trade, developing East Asian countries remain heavily dependent on developed-country markets. When Western export demand rapidly contracted during the 2008-2009 economic crisis, these specialization patterns led the rapid diffusion of the business cycle shock throughout the East Asian region.

Keywords: Global production networks; electronics; Asian trade; business cycle transmission; global economic crisis (search for similar items in EconPapers)
JEL-codes: F14 F23 F40 L63 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-int and nep-sea
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Citations: View citations in EconPapers (1)

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http://www.econ.kuleuven.be/licos/publications/dp/dp257.pdf

Related works:
Working Paper: Global Production Networks in Electronics and Intra-Asian Trade (2010)
Working Paper: Global Production Networks in Electronics and Intra-Asian Trade (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:lic:licosd:25710

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