Trade in Developing East Asia : How It Has Changed and Why It Matters
East Asia, for long the epitome of successful engagement in trade, faces serious challenges: technological change that may threaten the very model of labor intensive industrialization and a backlash against globalization that may reduce access to i...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/612321531499830843/Trade-in-developing-East-Asia-how-it-has-changed-and-why-it-matters http://hdl.handle.net/10986/30068 |
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okr-10986-300682021-06-08T14:42:46Z Trade in Developing East Asia : How It Has Changed and Why It Matters Constantinescu, Cristina Mattoo, Aaditya Ruta, Michele TRADE POLICY GOODS TRADE SERVICES TRADE TRADE AGREEMENT GLOBAL VALUE CHAINS EXPORTS COMPARATIVE ADVANTAGE GLOBALIZATION PRODUCTIVITY East Asia, for long the epitome of successful engagement in trade, faces serious challenges: technological change that may threaten the very model of labor intensive industrialization and a backlash against globalization that may reduce access to important markets. A detailed analysis of the evolution of East Asia's trade and trade policy in goods and services leads to the conclusion that how East Asia copes with these global challenges will depend on how it addresses three more proximate national and regional challenges. The first is the emergence of one East Asian country, China, as a global trade giant—accounting for nearly one-seventh of global exports and one-tenth of global imports -- which is fundamentally altering the trading patterns and opportunities of its neighbors. The second is the asymmetric implementation of national reform -- remarkable openness to goods trade and investment coexists with relative restrictiveness of services policies -- which is affecting the evolution of comparative advantage and productivity in each country. The third is the divergence between the relatively shallow and fragmented agreements that regulate the region’s trade and investment and the growing importance of regional and global value chains as crucial drivers of productivity growth. 2018-07-30T20:51:35Z 2018-07-30T20:51:35Z 2018-07 Working Paper http://documents.worldbank.org/curated/en/612321531499830843/Trade-in-developing-East-Asia-how-it-has-changed-and-why-it-matters http://hdl.handle.net/10986/30068 English Policy Research Working Paper;No. 8533 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific East Asia China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
TRADE POLICY GOODS TRADE SERVICES TRADE TRADE AGREEMENT GLOBAL VALUE CHAINS EXPORTS COMPARATIVE ADVANTAGE GLOBALIZATION PRODUCTIVITY |
| spellingShingle |
TRADE POLICY GOODS TRADE SERVICES TRADE TRADE AGREEMENT GLOBAL VALUE CHAINS EXPORTS COMPARATIVE ADVANTAGE GLOBALIZATION PRODUCTIVITY Constantinescu, Cristina Mattoo, Aaditya Ruta, Michele Trade in Developing East Asia : How It Has Changed and Why It Matters |
| geographic_facet |
East Asia and Pacific East Asia China |
| relation |
Policy Research Working Paper;No. 8533 |
| description |
East Asia, for long the epitome of
successful engagement in trade, faces serious challenges:
technological change that may threaten the very model of
labor intensive industrialization and a backlash against
globalization that may reduce access to important markets. A
detailed analysis of the evolution of East Asia's trade
and trade policy in goods and services leads to the
conclusion that how East Asia copes with these global
challenges will depend on how it addresses three more
proximate national and regional challenges. The first is the
emergence of one East Asian country, China, as a global
trade giant—accounting for nearly one-seventh of global
exports and one-tenth of global imports -- which is
fundamentally altering the trading patterns and
opportunities of its neighbors. The second is the asymmetric
implementation of national reform -- remarkable openness to
goods trade and investment coexists with relative
restrictiveness of services policies -- which is affecting
the evolution of comparative advantage and productivity in
each country. The third is the divergence between the
relatively shallow and fragmented agreements that regulate
the region’s trade and investment and the growing importance
of regional and global value chains as crucial drivers of
productivity growth. |
| format |
Working Paper |
| author |
Constantinescu, Cristina Mattoo, Aaditya Ruta, Michele |
| author_facet |
Constantinescu, Cristina Mattoo, Aaditya Ruta, Michele |
| author_sort |
Constantinescu, Cristina |
| title |
Trade in Developing East Asia : How It Has Changed and Why It Matters |
| title_short |
Trade in Developing East Asia : How It Has Changed and Why It Matters |
| title_full |
Trade in Developing East Asia : How It Has Changed and Why It Matters |
| title_fullStr |
Trade in Developing East Asia : How It Has Changed and Why It Matters |
| title_full_unstemmed |
Trade in Developing East Asia : How It Has Changed and Why It Matters |
| title_sort |
trade in developing east asia : how it has changed and why it matters |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/612321531499830843/Trade-in-developing-East-Asia-how-it-has-changed-and-why-it-matters http://hdl.handle.net/10986/30068 |
| _version_ |
1764471125867233280 |