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Economic Regionalisation and Intra-Industry Trade: Pacific-Asian Perspectives

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  • Kiichiro Fukasaku

Abstract

The present paper examines the trade development of Pacific-Asian economies during the past decade from the perspective of regional integration. Its main focus is on the development of intra-regional and intra-industry trade. It provides some statistical evidence for the often-heard argument that the remarkable development of Pacific-Asian trade in the 1980s should be seen as a case for the "flying-geese" pattern of trade development, which is basically of inter-industry type. It argues, however, that developments since the mid-1980s have provided a new dimension to the regional division of labour — increasing the opportunities for intra-industry trade (IIT) among the Pacific-Asian economies.The empirical analysis based on the Grubel-Lloyd index of IIT in manufactures suggests that large increases in the level of IIT in the developing economies of the region is a consequence of "globalisation" of corporate activities in the United States and, more recently, in Japan and the ... Cette étude examine le développement des échanges dans les économies du Pacifique asiatique, dans une perspective d'intégration régionale, au cours des dix dernières années. L'aspect intra-régional et intra-industriel du développement des échanges constitue le thème principal de l'étude. Elle fournit certaines preuves statistiques qui accréditent l'image souvent évoquée à propos du surprenant développement des échanges dans la région du Pacifique asiatique pendant les années 80, image d'un schéma de développement dit "vol d'oies sauvages" et qui est, en fait, un développement de type inter-industriel. L'étude soutient cependant que depuis la seconde moitié des années 80, ces développements ont apporté un nouveau regard sur la répartition de la main- d'oeuvre, augmentant ainsi les opportunités pour les échanges intra-industriels (EII) dans les économies du Pacifique asiatique.L'analyse empirique, basée sur l'indice de Grubel-Lloyd pour les produits manufacturés, indique que ...

Suggested Citation

  • Kiichiro Fukasaku, 1992. "Economic Regionalisation and Intra-Industry Trade: Pacific-Asian Perspectives," OECD Development Centre Working Papers 53, OECD Publishing.
    • Handle: RePEc:oec:devaaa:53-en
    DOI: 10.1787/035300332827
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    Cited by:

    1. repec:spo:wpecon:info:hdl:2441/10184 is not listed on IDEAS
    2. S. Mansoob Murshed, 2001. "Patterns Of East Asian Trade And Intra-Industry Trade In Manufactures," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 6(1), pages 99-123.
    3. Dowlinga, Malcolm & Cheang, Chia Tien, 2000. "Shifting comparative advantage in Asia: new tests of the "flying geese" model," Journal of Asian Economics, Elsevier, vol. 11(4), pages 443-463.
    4. Thierry Mayer, 2006. "Policy Coherence for Development: A Background Paper on Foreign Direct Investment," OECD Development Centre Working Papers 253, OECD Publishing.
    5. Agarwal, Jamuna Prasad & Langhammer, Rolf J. & Lücke, Matthias & Nunnenkamp, Peter, 1995. "Export expansion and diversification in Central and Eastern Europe: what can be learnt from East and Southeast Asia?," Kiel Discussion Papers 261, Kiel Institute for the World Economy (IfW Kiel).
    6. Sattayanuwat, Wanasin, 2015. "RCEP – Thailand Trade Creation and Trade Diversion: Evidence and Analysis," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205432, Agricultural and Applied Economics Association.
    7. Contador, Jaime & Kuwayama, Mikio & Mattos, José Carlos Silva, 2000. "Trade and investment promotion between Asia-Pacific and Latin America: present position and future prospects," Comercio Internacional 4435, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Richard Pomfret, 2005. "Sequencing Trade and Monetary Integration," Others 0502004, University Library of Munich, Germany.
    9. Kalirajan, K. P. & Shand, R. T., 1996. "Towards an Indian Ocean grouping: Prospects for economic cooperation," Journal of Asian Economics, Elsevier, vol. 7(3), pages 503-535.
    10. Pomfret, Richard, 2005. "Sequencing trade and monetary integration: issues and application to Asia," Journal of Asian Economics, Elsevier, vol. 16(1), pages 105-124, February.
    11. Widodo, Tri, 2007. "“Flying Geese” Paradigm: Review, Analytical Tool and Application," MPRA Paper 78218, University Library of Munich, Germany.
    12. William E. James, 2001. "Trade Relations of Korea and Japan: Moving for Conflict to Cooperation?," Economics Study Area Working Papers 11, East-West Center, Economics Study Area.
    13. Sayeeda Bano & Nawal K. Paswan, 2016. "New Zealand–India Trade Relations and Growth Potential: An Empirical Analysis," India Quarterly: A Journal of International Affairs, , vol. 72(1), pages 50-74, March.
    14. repec:hal:spmain:info:hdl:2441/10184 is not listed on IDEAS
    15. Rolf Langhammer, 1995. "Regional integration in East Asia. From market-driven regionalisation to institutionalised regionalism?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 131(1), pages 167-201, March.
    16. repec:spo:wpmain:info:hdl:2441/10184 is not listed on IDEAS
    17. Langhammer, Rolf J., 1997. "The expansion of intra-Asian trade: An analysis of structural patterns and determinants," Kiel Working Papers 792, Kiel Institute for the World Economy (IfW Kiel).
    18. Kuwayama, Mikio, 1992. "New forms of investment (NFI) in Latin American-United States trade relations," Series Históricas 9582, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    19. Choi, Daewon, 1993. "La Cuenca del Pacífico y América Latina," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    20. Sayeeda Bano, 2014. "An Empirical Examination of Trade Relations between New Zealand and China in the Context of a Free Trade Agreement," Working Papers in Economics 14/04, University of Waikato.
    21. repec:hal:wpspec:info:hdl:2441/10184 is not listed on IDEAS

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