Major trade trends in East Asia: what are their implications for regional cooperation and growth

Francis Ng and Alexander Yeats

No 3084, Policy Research Working Paper Series from The World Bank

Abstract: This study's empirical findings have positive implications for further efforts to expand East Asian regional trade and cooperation initiatives. Since the mid-1980s regional intra-trade has grown at a rate roughly double that of world trade, and at a rate far higher than the intra-trade of the North America Free Trade Agreement (NAFTA) member countries or the European Union. Evidence based on intra-industry trade ratios or statistics on international production sharing show economic linkages and the interdependence of East Asian economies have considerably strengthened over the past two decades. On a global scale, East Asia (excluding Japan) now originates 19 percent of world trade, which is approximately the same share as the NAFTA member countries.

Keywords: Trade Policy; Economic Theory&Research; Payment Systems&Infrastructure; Environmental Economics&Policies; Earth Sciences&GIS; Environmental Economics&Policies; Earth Sciences&GIS; TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT; Economic Theory&Research; Trade Policy (search for similar items in EconPapers)
Date: 2003-06-30
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (133)

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