Input Trade and Production Networks in East Asia
Intermediate input trade is regarded as an important contributory factor in explaining the increase in world trade in recent years. This timely book presents, for the first time, meticulous empirical analyses of the growth of input trade, and includes detailed studies that capture the main features and characteristics of production networks in East Asia. Intermediate input trade has grown markedly in East Asia, and at a much faster rate than in the rest of the world. Since the early 1990s, when technological developments made it possible to separate the production process into many stages, East Asia as a region has developed sophisticated production networks in the manufacture of various products. Different countries have installed production stages according to their levels of technology or factor endowments, and consequently sequential production stages are now located across various countries. In order to produce final goods, East Asian nations have therefore relied on the trade of inputs back and forth. Containing unique and important data, this book will appeal to academics, researchers and policymakers interested in trade, economic integration and Asian studies. ‘Spatial fragmentation of production is linked with two great waves of unbundling. The first one was a century and a half ago when the spatial location of production of goods was separated from their consumption. We live in the age of a second unbundling where certain operations within the same factory can be fragmented and performed elsewhere. There is trade in certain tasks and components which was made possible by cheaper and better communication and transport. This book considers production networks in East Asia, which is and will continue to be the most dynamic economic region in the decades to come.’ – Miroslav N. Jovanovic, University of Geneva, Switzerland
Industrialization in Late-Developing ASEAN Countries : Cambodia, Laos, Myanmar and Vietnam
Late industrializing countries are able to pick strategies for economic development based on the experiences of countries that preceded them. Cambodia, Laos, Myanmar and Vietnam (the CLMV countries) were closed off from the international community for many years, and they began to embrace a market economy at around the same time. Each bypassed the import-substitution strategy adopted by other Southeast Asian countries and began industrialization efforts with export growth funded by Foreign Direct Investment. The outcomes differed significantly owing to geographical location, government policies, and internal economic conditions. Industrialization in Late-Developing ASEAN Countries explores these differences through case studies based on an extended research program conducted by the Institute of Developing Economies in Tokyo, which offered insights into models of economic growth, and into the trajectories followed by the four countries examined.
Australia's Foreign Economic Policy and ASEAN
In this book, Jiro Okamoto explores the development of Australia's foreign economic policy towards ASEAN. He examines in detail decisive factors such as changes in the international and regional environment and the replacement of a dominant policy coalition with another in Australia's domestic policy process. His analysis shows that the shifts in Australia's ASEAN policy have not only closely reflected changes in Australia's overall foreign economic policy orientation, but that Australia's ASEAN policy strongly drove the change at key junctures. His work also offers important insights into the prospect of an "inclusive" economic integration process in East Asia. Although Australia's foreign economic policy has been an important element in regional economic cooperation, its inclusion in the East Asian integration process still remains ambiguous.