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This paper aims to provide a non-technical explanation of the concept of trade in value added, with particular reference to East Asia. The trade in value added approach allows us to redefine the relationship between countries of origin and destination in international trade, and thereby...
Persistent link: https://www.econbiz.de/10010840182
The results highlight the conflicting interests of countries — to stabilize exchange rates or to keep the option of exchange rate depreciation in order to maintain competitiveness of domestic tradable producers. With deepening integration in East Asia, however, the desire for exchange rate...
Persistent link: https://www.econbiz.de/10010991114
Adverse effects of the global financial crisis on international trade include falling demand, increased trade protectionism, and drying up of trade finance. Much attention has focused on the impact of the crisis on goods trade; however literature on its impact on services trade is limited,...
Persistent link: https://www.econbiz.de/10009245446
In this paper we examine the changing nature of Japan's commercial policy over the last 25 years while reviewing Japan's changing structure of trade, FDI and economy that underlay policy changes. We argue that until the late 1990s Japan adopted a two-track approach of relying on multilateral...
Persistent link: https://www.econbiz.de/10008725940
This paper examines the determinants and trade effects of the South Asian Preferential Trading Arrangement (SAPTA) using empirical methods. An empirical specification of the gravity model is developed to analyze the determinants of trade flows for the South Asian Free Trade Area (SAFTA)...
Persistent link: https://www.econbiz.de/10010840163
This paper investigates and analyzes the present status, potential, and prospects of Association of Southeast Asian Nations (ASEAN) free trade agreements (FTAs). The move towards the ASEAN Economic Community by 2015 and the attempts to broaden FTAs in East Asia present major challenges to ASEAN....
Persistent link: https://www.econbiz.de/10010840235
This paper undertakes a comparative and firm-level analysis of the impact of regional trade agreements (RTAs) in Indonesia, Malaysia and the Philippines. It finds that firm-heterogeneity matters in RTA use. Acquiring knowledge about RTAs, building technological capabilities, and membership of...
Persistent link: https://www.econbiz.de/10010840244
had been responsible for the “East Asian Miracle” now must redirect the basis of growth from exports sent to the US and …
Persistent link: https://www.econbiz.de/10008488879
Growing internationalization of firms in Asia through participation in global value chains (GVCs) and free trade agreements (FTAs) has focused attention on small and medium-sized enterprises (SMEs). Yet there is scant literature on the characteristics of SMEs involved in GVCs and FTAs. Malaysia...
Persistent link: https://www.econbiz.de/10011170491
paper ends by discussing strategies to rebalance growth by reducing the dependence on exports as the main growth engine. <p …>The recovery from the 1997 crisis left Thailand more dependent than ever on exports as the main engine of growth, with the ratio of … exports to gross domestic product (GDP) increasing from a precrisis level of about 38% to about 65% recently. The lessons …
Persistent link: https://www.econbiz.de/10008467181