Regional Productive Complementarity and Competitiveness

A positive international environment favors growth of the several economies in a given region, but it does not assure that the differences in the economic potential of the several countries are reduced in this process. Alternatively, the presence of productive complementarities might foster competit...

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Bibliographic Details
Main Authors:	Baumann, Renato, Ng, Francis
Format:	Journal Article
Language:	en_US
Published:	Taylor and Francis 2013
Subjects:	regional integration international trade productive complementarity export competitiveness trade and GDP growth
Online Access:	http://hdl.handle.net/10986/13362

id	okr-10986-13362
recordtype	oai_dc
spelling	okr-10986-133622021-04-23T14:03:08Z Regional Productive Complementarity and Competitiveness Baumann, Renato Ng, Francis regional integration international trade productive complementarity export competitiveness trade and GDP growth A positive international environment favors growth of the several economies in a given region, but it does not assure that the differences in the economic potential of the several countries are reduced in this process. Alternatively, the presence of productive complementarities might foster competitiveness and contribute to increasing the degree of homogeneity, even in situations of adverse terms of trade. This article reviews the experience of six sub-regional groups in Asia and Latin America in the last two decades. Latin America has recently benefitted from significant improvement in terms of trade and yet the economies in that region remain as different in their relative economic potential as they were in the beginning of the 1990s. In Asia, however, the negative impact of terms of trade has not blocked a quite fast pace of GDP growth; furthermore, productive complementarity has led to an increasing convergence of the several economies, with a sharp increase in their share of the international market. There are clear lessons from the Asian experience. 2013-05-10T17:28:56Z 2013-05-10T17:28:56Z 2012-08-21 The International Trade Journal 0885-3908 http://hdl.handle.net/10986/13362 en_US The International Trade Journal;26(4) CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Taylor and Francis Publications & Research :: Journal Article Publications & Research Asia Latin America
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	regional integration international trade productive complementarity export competitiveness trade and GDP growth
spellingShingle	regional integration international trade productive complementarity export competitiveness trade and GDP growth Baumann, Renato Ng, Francis Regional Productive Complementarity and Competitiveness
geographic_facet	Asia Latin America
relation	The International Trade Journal;26(4)
description	A positive international environment favors growth of the several economies in a given region, but it does not assure that the differences in the economic potential of the several countries are reduced in this process. Alternatively, the presence of productive complementarities might foster competitiveness and contribute to increasing the degree of homogeneity, even in situations of adverse terms of trade. This article reviews the experience of six sub-regional groups in Asia and Latin America in the last two decades. Latin America has recently benefitted from significant improvement in terms of trade and yet the economies in that region remain as different in their relative economic potential as they were in the beginning of the 1990s. In Asia, however, the negative impact of terms of trade has not blocked a quite fast pace of GDP growth; furthermore, productive complementarity has led to an increasing convergence of the several economies, with a sharp increase in their share of the international market. There are clear lessons from the Asian experience.
format	Publications & Research :: Journal Article
author	Baumann, Renato Ng, Francis
author_facet	Baumann, Renato Ng, Francis
author_sort	Baumann, Renato
title	Regional Productive Complementarity and Competitiveness
title_short	Regional Productive Complementarity and Competitiveness
title_full	Regional Productive Complementarity and Competitiveness
title_fullStr	Regional Productive Complementarity and Competitiveness
title_full_unstemmed	Regional Productive Complementarity and Competitiveness
title_sort	regional productive complementarity and competitiveness
publisher	Taylor and Francis
publishDate	2013
url	http://hdl.handle.net/10986/13362
_version_	1764423308637372416

Regional Productive Complementarity and Competitiveness

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