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Trade in Asia

Edited by Richard Pomfret, Professor of Economics, University of Adelaide, Australia, and Adjunct Professor, The Johns Hopkins University Bologna Center, Italy
This comprehensive collection brings together contributions that have increased our understanding of trade in Asia. Early debates centered on the advantages and disadvantages of joining the global economy as exporters to the high-income countries, while trade within Asia was of minor importance. Increasingly, however, trade spilled across Asian borders, and as production chains became more complex attention has shifted towards the organization of international trade within Asia and specifically the operation of global or regional value chains. An original Introduction by the editor reviews the wider literature, in which key contributions often appeared in regional publications, working papers or other outlets that may be hard to access.
Extent: 704 pp
Hardback Price: $345.00 Web: $310.50
Publication Date: 2015
ISBN: 978 1 78347 948 1
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  • Asian Studies
  • Asian Business
  • Asian Development
  • Asian Economics
  • Business and Management
  • International Business
  • Economics and Finance
  • Asian Economics
  • International Economics
This comprehensive collection brings together contributions that have increased our understanding of trade in Asia. Early debates centered on the advantages and disadvantages of joining the global economy as exporters to the high-income countries, while trade within Asia was of minor importance. Increasingly, however, trade spilled across Asian borders, and as production chains became more complex attention has shifted towards the organization of international trade within Asia and specifically the operation of global or regional value chains. An original Introduction by the editor reviews the wider literature, in which key contributions often appeared in regional publications, working papers or other outlets that may be hard to access.
25 articles, dating from 1961 to 2012
Contributors include: P. Athukorala, P. Drysdale, G. Gereffi, K. Kojima, J. Menon, M. Pangestu, P. Petri, M. Plummer, H. Soesastro, C.S. Yue

Contents:

Acknowledgements

Introduction Richard Pomfret

PART I FLYING GEESE AND NIES
1. Kaname Akamatsu (1961), ‘A Theory of Unbalanced Growth in the World Economy’, Review of World Economics, 86 (3), 196–217

2. Kiyoshi Kojima (2000), ‘The “Flying Geese” Model of Asian Economic Development: Origin, Theoretical Extensions, and Regional Policy Implications’, Journal of Asian Economics, 11 (4), Autumn, 375–401

3. James Riedel (1988), ‘Economic Development in East Asia: Doing What Comes Naturally?’, in Helen Hughes (ed.), Achieving Industrialization in East Asia, Chapter 1, Cambridge, UK and New York, NY: Cambridge University Press, 1–38, references

PART II THE SECOND GENERATION
4. William R. Cline (1982), ‘Can the East Asian Model of Development be Generalized?’, World Development, 10 (2), February, 81–90

5. Gustav Ranis (1985), ‘Can the East Asian Model of Development Be Generalized? A Comment’, World Development, 13 (4), April, 543–5

6. World Bank (1993), ‘Overview: The Making of a Miracle’, in The East Asian Miracle: Economic Growth and Public Policy, New York, NY: Published for the World Bank by Oxford University Press, 1–26, references

PART III THE BENEFITS OF OPENNESS
7. Mary Amiti and Jozef Konings (2007), ‘Trade Liberalization, Intermediate Inputs, and Productivity: Evidence from Indonesia’, American Economic Review, 97 (5), December, 1611–38

8. Bee Yan Aw, Sukkyun Chung and Mark J. Roberts (2000), ‘Productivity and Turnover in the Export Market: Micro-Level Evidence from the Republic of Korea and Taiwan (China)’, World Bank Economic Review, 14 (1), January, 65–90


PART IV SUBCONTRACTING AND OTHER INSTITUTIONAL NOVELTIES
9. G.K. Helleiner (1973), ‘Manufactured Exports from Less-Developed Countries and Multinational Firms’, Economic Journal, 83 (329), March, 21–47

10. Gary Gereffi (1999), ‘International Trade and Industrial Upgrading in the Apparel Commodity Chain’, Journal of International Economics, 48 (1), June, 37–70

PART V SUBREGIONAL ZONES
11. Chia Siow Yue and Lee Tsao Yuan (1993), ‘Subregional Economic Zones: A New Motive Force in Asia-Pacific Development’, in C. Fred Bergsten and Marcus Noland (eds), Pacific Dynamism and the International Economic System, Chapter 7, Washington, DC: Institute for International Economics in association with The Pacific Trade and Development Conference Secretariat, 225–69

12. Richard Pomfret (1996), ‘Sub-regional Economic Zones’, in Bijit Bora and Christopher Findlay (eds), Regional Integration and the Asia-Pacific, Chapter 14, Oxford University Press: Melbourne, 207–22, references

13. Christopher M. Dent and Peter Richter (2011), ‘Sub-Regional Cooperation and Developmental Regionalism: The Case of BIMP-EAGA’, Contemporary Southeast Asia, 33 (1), April, 29–55

PART VI REGIONAL INTEGRATION
14. Peter A. Petri (1993), ‘The East Asian Trading Bloc: An Analytical History’, in Jeffrey A. Frankel and Miles Kahler (eds), Regionalism and Rivalry: Japan and the United States in Pacific Asia, Chapter 1, Chicago, IL and London, UK: University of Chicago Press, 21–52

15. Peter Drysdale, Andrew Elek and Hadi Soesastro (1998), ‘Open Regionalism: The Nature of Asia Pacific Integration’, in Peter Drysdale and David Vines (eds), Europe, East Asia and APEC: A Shared Global Agenda?, Chapter 5, Cambridge, UK and Melbourne, Australia: Cambridge University Press, 103–35

16. M. Kabir Hassan (2001), ‘Is SAARC a Viable Economic Block? Evidence from Gravity Model’, Journal of Asian Economics, 12 (2), Summer, 263–90

17. Jayant Menon (2007), ‘Bilateral Trade Agreements’, Asian-Pacific Economic Literature, 21 (2), November, 29–47

18. Richard Pomfret (2009), ‘Regionalism in the Asia-Pacific Region: How Wide, How Deep?’, Journal of the Korean Economy, 10 (3), December, 285–306

19. John Ravenhill (2009), ‘East Asian Regionalism: Much Ado about Nothing?’, Review of International Studies, 35, Supplement, February, 215–35


PART VII ASEAN
20. Mari Pangestu, Hadi Soesastro and Mubariq Ahmad (1992), ‘A New Look at Intra-ASEAN Economic Co-operation’, ASEAN Economic Bulletin, 8 (3), March, 333–52

21. Miriam Manchin and Annette O. Pelkmans-Balaoing (2008), ‘Clothes Without an Emperor: Analysis of the Preferential Tariffs in ASEAN’, Journal of Asian Economics, 19 (3), June, 213–23

22. Peter A. Petri, Michael G. Plummer and Fan Zhai (2012), ‘ASEAN Economic Community: A General Equilibrium Analysis’, Asian Economic Journal, 26 (2), 93–118

PART VIII RVCS AND GVCS
23. Guillaume Gaulier, Françoise Lemoine and Deniz Ünal-Kesenci (2007), ‘China’s Emergence and the Reorganisation of Trade Flows in Asia’, China Economic Review, 18 (3), 209–43

24. Prema-Chandra Athukorala (2008), ‘Singapore and ASEAN in the New Regional Division of Labor’, Singapore Economic Review, 53 (3), December, 479–508

25. Prema-Chandra Athukorala (2011), ‘Production Networks and Trade Patterns in East Asia: Regionalization or Globalization?’, Asian Economic Papers, 10 (1), Winter/Spring, 65–95

Index