This paper will examine the level of services trade integration in Asia in comparison with Europe and North America. The main empirical findings of this paper are that: (i) the regional bias of services trade in Asia is as high as or higher than in Europe and North America; (ii) in Asia, the regional bias of services trade is higher than that of goods trade, which is in sharp contrast to Europe and ...

Regionalism in East Asia by Richard Pomfret is a relatively short and readable book, but it provides readers with useful insights on the past, current and future of East Asian regionalism to outline the prospects of future regionalism. While this is not a book on contemporary economic history of Asia, as he notes, the historical perspective is critical to analysing relatively 'recent' phenomena of ...

The article is based on studies on the effects of the long-term cooperation between four countries in the post-Soviet area, namely, the integration group of CES countries, which includes Russia, Kazakhstan, Belarus, and Ukraine. The methodological approaches to developing integration scenarios are summarized, and a methodology of creation of common scenarios that allows one to determine options for ...

This paper investigates import demand in East Asia. Estimating exchange rate elasticities for countries in the region is difficult because many imports are used to produce goods for re-export. An exchange rate appreciation that reduces East Asian exports will also reduce the demand for imported inputs that are used to produce exports. To correct for this bias this paper examines consumption imports, ...

This paper examines the impact of intra-Asia exchange rate volatility on intra-Asia trade in primary goods, intermediate goods, equipment goods and consumption goods from 1980 to 2009. For Asia, the evidence shows that as intraregional exchange rate volatility increases, intraregional exports in these goods fall. This adverse impact is even more pronounced in the subregion of Association of Southeast ...

This study examines how the volatility and liquidity of 10 Asian exchange rates against the US dollar change with volatilities in commodity price and carry trade over the period of January 2000 to June 2010. We find that uncertainties in commodity markets and carry trades are significantly correlated with the volatilities and the bid-ask spreads of most Asian currencies. The correlation with carry ...

This paper examines the determinants of exports in eight East and Southeast Asian economies, with an emphasis on the increasing importance of parts and components in total exports. To see whether exports in parts and components are ‘special’ and to allow comparisons, export equations are estimated for three different export categories: total merchandise exports, manufacturing exports and exports of ...

Over the past three decades, there has been a rapid expansion of processed food exports, replacing traditional agriculture exports such as coffee and tea. However, this development and its policy implications have received little attention in the literature. This paper provides an overview of key characteristics and growth patterns of processed food exports in developing countries. The determinants ...

For the last 15 years, computers and electronic goods have been the leading export categories from East Asia to the rest of the world. They are produced within regional production and distribution networks. Japan, South Korea and Taipei, China, construct technology-intensive parts and components and ship them to China and ASEAN for processing by lower-skilled workers and reexport. This paper presents ...

We develop a method to map global network production and vertical trade. Based on product-level trade data across a matrix of 75 countries, an index measures the intensity of bilateral vertical trade and a force-directed algorithm lays it out for visualization as a world map of production networks. Three major hubs in the global networks are identified: the USA, Germany and China–Japan. Outside Asia ...