 From global factory to global mall? East Asia’s changing trade composition and orientationMatthias Helble and Boon-Loong Ngiang Japan and the World Economy, 2016, vol. 39, issue C, 37-47 Abstract: This paper examines East Asia’s changing trade composition and geographical orientation from 1999 to 2014 and draws implications for the region and beyond. Over the last two decades, East Asia has been one of the most successful regions in the world to build and connect cross-border supply chains. Introducing a new and simple analytical tool, we show that since 1999, East Asia has been successful in consolidating its role as a global manufacturing hub and is sourcing an increasing share of intermediate and capital goods directly from the region. Being a thriving manufacturing hub has also triggered rising demand for consumption goods. All East Asian countries, except the PRC, are selling an increasing share of their consumption goods within the region. Furthermore, more consumption goods from outside the region are also being attracted to East Asia. If these trends were to continue, East Asia has the potential to transform into one of the world’s largest “malls”. Keywords: Trade; Global value chains; Trade composition; Trade orientation; Consumption goods; Intermediate goods; East Asia; Japan; ASEAN; Republic of Korea; China (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:japwor:v:39:y:2016:i:c:p:37-47 DOI: 10.1016/j.japwor.2016.06.001 Access Statistics for this article Japan and the World Economy is currently edited by Robert Dekle and Yasushi Hamao More articles in Japan and the World Economy from Elsevier |
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