This book examines the effects of the changing global geography of production for the growth prospects of East Asian economies. The authors conclude that in the face of a global environment, economies in East Asia need to adapt to the changing character of global production networks and to...

This paper explores the “black box” of innovation in the electronics production network in East Asia through a mapping exercise of technological capabilities and an econometric analysis of exporting in the People's Republic of China (PRC), Thailand, and the Philippines. Technology-based...

Without the advantages of low wages or high skills, East Asian economies are following a new path of regional integration, led by China. Along this path, policy-makers must manage a migration of 2m people a month to East Asia's cities, a sharp and unprecedented increase in income inequality, and...

Dramatic changes are occurring in the nature of international trade. Production processes increasingly involve a sequential, vertical trading chain stretching across many countries, with each country specializing in particular stages of a good's production sequence. We document a key aspect of...

The objective of this article is to explore the economic relationship between China and the surrounding dynamic Asian economies. It delves into China's influence over the Asian economies and whether this relationship is a market-led or de facto symbiosis. The three principal channels of regional...

This chapter explores how East Asia's upgrading perspectives in the electronics industry are affected by transformations in global production networks (GPNs), with a focus on Malaysia. Vertical specialization, increased coordination and the emergence of China as a priority investment target for...