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Governing Global ProductionIntroduction

Governing Global Production: Introduction [Resource interdependence has been a major factor contributing to economic integration in the Asia-Pacific region during the post-war period. First driven by Japan’s high-speed growth of the 1960s, and then followed by the industrialisation of other Northeast Asian economies (Korea, Taiwan and China), the demand for mineral resources from the region’s industrial centres — in particular their steel sectors — has been steadily growing. But unlike the experience of western nations earlier in the century, an almost total lack of local reserves of minerals and energy forced these Northeast Asian economies to look to foreign sources of mineral resources from the outset of their industrialisation programmes. Such outward dependence for mineral resources fostered new mining industries in a number of countries on the Pacific Rim — namely Australia, Brazil and Canada — which were specifically developed to service demand for coal and iron ore from Northeast Asia’s growing steel industries. As a result of their mutual interdependence, the fates of these two industries became intertwined, coming to form a set of functionally-integrated global production networks (GPNs) that connect Asia’s mining and steel industries through resource trade and investment ties. These resource production networks have since played a major role in the economic development of all the involved countries — with steel underpinning the heavy industrialisation associated with high-speed growth in Northeast Asia, and mining acting as the leading export earner for regional mineral supplier economies.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Governing Global ProductionIntroduction

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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2013
ISBN
978-1-349-43809-9
Pages
1 –12
DOI
10.1057/9781137023193_1
Publisher site
See Chapter on Publisher Site

Abstract

[Resource interdependence has been a major factor contributing to economic integration in the Asia-Pacific region during the post-war period. First driven by Japan’s high-speed growth of the 1960s, and then followed by the industrialisation of other Northeast Asian economies (Korea, Taiwan and China), the demand for mineral resources from the region’s industrial centres — in particular their steel sectors — has been steadily growing. But unlike the experience of western nations earlier in the century, an almost total lack of local reserves of minerals and energy forced these Northeast Asian economies to look to foreign sources of mineral resources from the outset of their industrialisation programmes. Such outward dependence for mineral resources fostered new mining industries in a number of countries on the Pacific Rim — namely Australia, Brazil and Canada — which were specifically developed to service demand for coal and iron ore from Northeast Asia’s growing steel industries. As a result of their mutual interdependence, the fates of these two industries became intertwined, coming to form a set of functionally-integrated global production networks (GPNs) that connect Asia’s mining and steel industries through resource trade and investment ties. These resource production networks have since played a major role in the economic development of all the involved countries — with steel underpinning the heavy industrialisation associated with high-speed growth in Northeast Asia, and mining acting as the leading export earner for regional mineral supplier economies.]

Published: Oct 16, 2015

Keywords: Resource Network; Steel Industry; Global Production; Production Network; Governance Arrangement

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