Asia's Changing Role in World Trade: Prospects for South-South Trade Growth to 2030
Anderson, Kym; Strutt, Anna | July 2011
Abstract
"Kym Anderson and Anna Strutt project the world economy to 2030 to demonstrate the extent to which developing Asia’s rapid economic growth is likely to further shift the global industrial center of gravity away from the North Atlantic to Asia, increase the importance of Asia in world trade, and boost South–South trade. In their core scenario, they project the share of South–South trade in global trade to double, from 13% to 26%—or to 29% if gross domestic product and capital growth in the North were to be one-sixth slower than in the core projection (or if ASEAN+6 opened up, or if all goods trade were to be freed globally). The South’s share of world exports rises from 33% in 2004 to 55% in 2030 in their core projection, and to even more if slower growth in the North is assumed, or if global trade is liberalized."
Citation
Anderson, Kym; Strutt, Anna. 2011. Asia's Changing Role in World Trade: Prospects for South-South Trade Growth to 2030. © Asian Development Bank. http://hdl.handle.net/11540/2019. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Free Trade
Trade
Trade Agreements
Regional Economic Integration
Exports
Economic integration
Exports
Economic integration
Distribution
Economic integration
Development Bank
Trade policy
Trade policy
Euro
Inflation
Business
Finance
Free trade
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Citable URI
http://hdl.handle.net/11540/2019Metadata
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