Global Production Networks in Electronics and Intra-Asian Trade

Byron Ganges (gangnes@hawaii.edu) and Ari Van Assche (ari.van-assche@hec.ca)
Additional contact information
Byron Ganges: University of Hawaii at Manoa
Ari Van Assche: HEC MontreÌ al and LICOS, Department of International Business
Authors registered in the RePEc Author Service: Byron Scott Gangnes (gangnes@hawaii.edu)

No 2010-04, Working Papers from University of Hawaii Economic Research Organization, University of Hawaii at Manoa

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 lower- value-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)
Pages: 34 pages
Date: 2010-03
New Economics Papers: this item is included in nep-int and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Working Paper: Global Production Networks in Electronics and Intra-Asian Trade (2010)
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