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The International Economic Order and Trade Architecture

Author

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  • Javier Reyes
  • Martina Garcia
  • Ralph Lattimore

Abstract

Abstract The world has lived through an accelerated globalization process over the last 15 years. Global trade relative to world GDP has grown from 39% in 1992 to 52% in 2005. At the same time, the share of world trade of OECD countries has gone down from 73% in 1992 to 64% in 2005. These shifts have led to changes in the structure of the world trade network and, in particular, how the role and influence of emerging markets on world trade have evolved. This paper is designed to elucidate some aspects of this changing trade architecture using network analysis. Ordre économique international et architecture commercialeRésumé Au cours des 15 dernières années, le monde a traversé une période de mondialisation accélérée. Le rapport entre le commerce mondial et le PNB du monde est passé de 39% en 1992 à 52% en 2005. Pendant la même période, la part du commerce mondial pour les pays de l'OCDE a baissé de 73% en 1992 à 64% en 2005. Ces variations ont engendré des variations dans la structure du commerce mondial, notamment dans l’évolution du rôle et de l'influence des marchés émergents sur le commerce mondial. La présente communication a pour but d’élucider certains aspects de cette architecture mondiale changeante au moyen d'une analyse des réseaux. El orden económico internacional y la arquitectura comercialResumen Durante los últimos 15 años, el mundo ha atravesado un proceso acelerado de globalización. El comercio global, en relación con el PNB mundial, ha crecido de un 39% en 1992 a un 52% en 2005. Al mismo tiempo, el reparto del comercio mundial entre los países de la OECD ha descendido de un 73% en 1992 a un 64% en 2005. Estos movimientos han conducido a 20 cambios en la estructura de la red comercial mundial, y particularmente, en la forma de evolucionar de la función y la influencia de los mercados emergentes sobre el comercio mundial. Este artículo se ha destinado a aclarar ciertos aspectos de esta cambiante arquitectura comercial utilizando un análisis de redes.

Suggested Citation

  • Javier Reyes & Martina Garcia & Ralph Lattimore, 2009. "The International Economic Order and Trade Architecture," Spatial Economic Analysis, Taylor & Francis Journals, vol. 4(1), pages 73-102.
    • Handle: RePEc:taf:specan:v:4:y:2009:i:1:p:73-102
    DOI: 10.1080/17421770802625973
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    References listed on IDEAS

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    1. Dani Rodrik, 2006. "What's So Special about China's Exports?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 14(5), pages 1-19, September.
    2. Prema‐chandra Athukorala, 2009. "The Rise of China and East Asian Export Performance: Is the Crowding‐Out Fear Warranted?," The World Economy, Wiley Blackwell, vol. 32(2), pages 234-266, February.
    3. Przemyslaw Kowalski & Ben Shepherd, 2006. "South-South Trade In Goods," OECD Trade Policy Papers 40, OECD Publishing.
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    Cited by:

    1. Athukorala, Prema-chandra & Yamashita, Nobuaki, 2006. "Production fragmentation and trade integration: East Asia in a global context," The North American Journal of Economics and Finance, Elsevier, vol. 17(3), pages 233-256, December.
    2. Susana Vieira & Renato G. Flôres Jr. & Maria Paula Fontoura, 2019. "The Evolution of the World’s Production Fragmentation: 2000 –2014, a network analysis," Working Papers REM 2019/86, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    3. Lucio Biggiero & Roberto Urbani, 2022. "Testing the convergence hypothesis: a longitudinal and cross-sectional analysis of the world trade web through social network and statistical analyses," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 17(3), pages 713-777, July.
    4. Stephen, Matthew D., 2014. "Rising powers, global capitalism and liberal global governance: A historical materialist account of the BRICs challenge," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 20(4), pages 912-938.
    5. B. Fingleton & P. Cheshire & H. Garretsen & D. Igliori & J. Gallo & P. McCann & J. McCombie & V. Monastiriotis & B. Moore & M. Roberts, 2009. "Editorial," Spatial Economic Analysis, Taylor & Francis Journals, vol. 4(1), pages 1-4.
    6. Philip McCann & Raquel Ortega-Argilés, 2013. "Redesigning and Reforming European Regional Policy," International Regional Science Review, , vol. 36(3), pages 424-445, July.

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    More about this item

    Keywords

    International economic order; economic integration; international business; F02; F15; F23;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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