In this paper, we investigate the degree of real economic interdependence between emerging Asia and major industrial … countries to shed light on the heated debate over the "decoupling" of emerging Asia. We first document the evolution of …, the reverse is also true. Output shocks from emerging Asia (and the People's Republic of China [PRC]) have a significant …

The share of emerging Asia in world trade has increased sharply over the past 25 years. A large part of this increase … intraregional trade among economies in emerging Asia and its implications for the dependency of economies in the region on the … across borders. This has led to a sharp rise in trade in intermediate goods among economies in emerging Asia, but the EU …