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International Trade and Real Transmission Channels of Financial Shocks in Global Production Networks: An Asian–USA Perspective

In: Asia Beyond the Global Economic Crisis

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  • Hubert Escaith
  • Fabien Gonguet

Abstract

The characteristic feature of the recent global economic crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one region can be swiftly and extensively transmitted to the rest of the globe. The sudden contraction of world trade and output was a negative outcome of this intertwined global economic system. Based on the method known as international input–output analyses, this book provides a detailed examination of the mechanics of shock transmission by probing the labyrinth of complex supply networks among nations.

Suggested Citation

  • Hubert Escaith & Fabien Gonguet, 2011. "International Trade and Real Transmission Channels of Financial Shocks in Global Production Networks: An Asian–USA Perspective," Chapters, in: Satoshi Inomata (ed.), Asia Beyond the Global Economic Crisis, chapter 3, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14205_3
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    References listed on IDEAS

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