Title
Trade And Industrial Development In East Asia: Catching Up Or Falling Behind,Used
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Product Description Trade as an engine of growth has played a catalyst role in East Asian development; through vigorous study of performances in past decades, East Asian trade and industrialization experiences may offer some lessons for other developing countries. This book covers trade and industrial structures for ten countries and regions including Japan, China, Hong Kong, Korea, Singapore, Taiwan, Indonesia, Malaysia, the Philippines and Thailand.The author addresses the comparative advantages and trade similarity indices of Asian economies from regional and global perspectives. He also analyzes the impacts of regional trade agreements from both member and nonmember countries' perspectives. After a vigorous examination of the sources of export growth by the methodology of the constant market share analysis, the book examines the tradeinvestment nexus, the development of fragmentation of manufacturing production, and trade in parts and components as the dominant trade flows after the mid1980s. It then studies the trade complementarity index among countries to further pursue the analysis of natural trading partners, and looks at the KrugmanBaldwin hubspoke thesis by empirically identifying the 'degree of hubness' in three major markets in China, Japan, and the USA. Various scenarios of economic integration in East Asia are assessed and an open regionalism is proposed for East Asian economic integration and sustainable development in the conclusion of the book. Students and researchers of international trade, economic development, and Asian Studies will find the data and analyses in the volume invaluable in understanding the economic development of the Asia Pacific. Review Chows book provides a comprehensive description of trade and foreign direct investment in East Asian economies by using a wide variety of traderelated indexes and regression analysis. Such detailed analysis is also complemented with an interesting narrative of institutional building for economic integration in East Asia. Thus, the book offers an invaluable reference and insights not only for those who are interested in the success of East Asian economies but also for those who plan to conduct an economic analysis on the East Asian model of economic development. Kiyoyasu Tanaka, The Developing Economies. . . this volume will be of interest to researchers interested in applying the standard tools of quantitative international economics to East Asian development experiences. Hal Hill, Economic Record About the Author Peter C.Y. Chow, Professor of Economics, City College and Graduate Center, City University of New York, US
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