Asian trade flows: Trends, patterns and prospects

Prema-chandra Athukorala

Japan and the World Economy, 2012, vol. 24, issue 2, 150-162

Abstract: Over the past four decades merchandise trade of developing Asian economies (DAEs) has grown at a much faster rate than growth in world trade, with a distinct intra-regional bias. Global production sharing has become a unique feature of the region's economic landscape, with China playing a pivotal complementary role as the premier assembly centre within regional production networks. According to the projections made using the standard gravity model of international trade, total real non-oil trade of DAEs would increase at an annual rate of 8.2 percent during the next three decades, with a notable convergence of individual countries’ rates to the regional average. The share of intra-regional trade in total nonoil trade would increase steadily from 53 percent in 2010 to 58 percent in 2030. The trade-to-GDP ratio would increase from 39.4 percent and 74.4 percent between these two years.

Keywords: Trade patterns; Developing Asian countries; Global production networks (search for similar items in EconPapers)
JEL-codes: F14 F15 F17 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:japwor:v:24:y:2012:i:2:p:150-162

DOI: 10.1016/j.japwor.2012.01.003

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