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Trade and Industrial Development: Taiwan's experience and Worldwide Pattern

Deng-Shing Huang
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Deng-Shing Huang: Institute of Economics, Academia Sinica, Taipei, Taiwan, https://www.econ.sinica.edu.tw/

No 17-A014, IEAS Working Paper : academic research from Institute of Economics, Academia Sinica, Taipei, Taiwan

Abstract: This paper firstly analyzes the relationship between Taiwan’s economic development policies since 1960s, and the corresponding change in the industrial structure. Along with the industrial upgrading process, the attached trade patterns are addressed, especially the dynamic path of major export sectors, increasingly dependence on the lately rising China market. In addition, we extend the study to worldwide trade pattern. The twin-hub trade regime since the beginning of 21st century is empirically reconfirmed using our modified hub index. Furthermore, we identify the rising China-hub along with a declining Japan-hub. The pseudo effect of AEC on the hub pattern reveals the potentiality of economic integrated Southeast Asia in the future.

Keywords: Industrial policy; Hub index; Twin-hub trade pattern; Middle income trap (search for similar items in EconPapers)
Pages: 32 pages
Date: 2017-10
New Economics Papers: this item is included in nep-int and nep-sea
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