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The Evolving Role of Asia in Global FinanceChapter 11 Has Emerging Asia Decoupled? An Analysis of Production and Trade Linkages Using the Asian International Input–Output Table

The Evolving Role of Asia in Global Finance: Chapter 11 Has Emerging Asia Decoupled? An Analysis... [Due to the emergence of global production networks, trade statistics have became less accurate in describing the dependence of emerging Asia on external demand. This chapter analyses, using an update of the Asian International Input–Output (AIO) table, the interdependence of emerging Asian economies, the United States, the EU15, and Japan via trade and production linkages. According to the results, we do not find evidence of the decoupling of emerging Asia from the rest of the world. On the contrary, we find evidence on increasing trade integration, both globally and regionally. Nonetheless, our analysis indicates that emerging Asia's dependence on exports is only about one-third of its GDP, that is, well below the 50% exposure suggested by trade data. This finding can be explained by the high import content of exports in these economies, which is a result of the increasing segmentation of production across the region.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The Evolving Role of Asia in Global FinanceChapter 11 Has Emerging Asia Decoupled? An Analysis of Production and Trade Linkages Using the Asian International Input–Output Table

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References (62)

Publisher
Emerald Group Publishing Limited
Copyright
Copyright © © Emerald Group Publishing Limited Emerald Publishing Limited. All Rights Reserved.
ISBN
978-0-85724-745-2
Pages
255–286
DOI
10.1108/S1574-8715(2011)0000009016
Publisher site
See Chapter on Publisher Site

Abstract

[Due to the emergence of global production networks, trade statistics have became less accurate in describing the dependence of emerging Asia on external demand. This chapter analyses, using an update of the Asian International Input–Output (AIO) table, the interdependence of emerging Asian economies, the United States, the EU15, and Japan via trade and production linkages. According to the results, we do not find evidence of the decoupling of emerging Asia from the rest of the world. On the contrary, we find evidence on increasing trade integration, both globally and regionally. Nonetheless, our analysis indicates that emerging Asia's dependence on exports is only about one-third of its GDP, that is, well below the 50% exposure suggested by trade data. This finding can be explained by the high import content of exports in these economies, which is a result of the increasing segmentation of production across the region.]

Published: Jan 1, 2011

Keywords: Emerging Asia

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