Chapter 23 Fragmented Trade and the Hub–spokes Game – Strategic Trade Under the WTO

An-Chi Tung and Henry Wan

A chapter in Contemporary and Emerging Issues in Trade Theory and Policy, 2008, pp 429-448 from Emerald Group Publishing Limited

Abstract: In the Jones–Kierzkowski world of fragmented production, we address a strategic trade issue for development: how to industrialize under the WTO regime. One solution is to generate cross-border externalities, such as becoming the hub of a network of countries, so as to attract foreign investment with collective comparative advantage. Thus the small, remote and pre-industrial Singapore managed to organize a hub–spokes game: achieving a win-win solution for all and gaining the most as the hub. In servicing the spokes for fee, Singapore has earned First World income levels, by the twin patterns of the flying geese and the triangular accord.

Keywords: Fragmentation; flying geese pattern; foreign direct investment; industrial policy; network (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:eme:fegzzz:s1574-8715(08)04023-2

DOI: 10.1016/S1574-8715(08)04023-2

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