Overview of PRC in East Asian Trade
Asian Development Bank | October 2002
Abstract
PRC’s economic emergence over the last two decades, and in particular its recent WTO accession initiative, portend a dramatically changed landscape of East Asian trade. This has aroused concern around the region, where PRC’s success as an exporter poses a threat to other economies that rely on external demand as an essential source of growth. At the same time, the early stage of PRC’s development understates the opportunities its internal market will ultimately offer exporters, particularly in East Asia. The resulting bias in perceptions could undermine multilateralism and retard the dramatic historical progress of regional trade and economic growth.
Our research reveals a more complex picture of PRC’s emergence, however, one that presents as many opportunities as threats to East Asian policy makers. In this first of three studies, we forecast the evolution of East Asian trade patterns under a variety of alternative policy scenarios.
Citation
Asian Development Bank. 2002. Overview of PRC in East Asian Trade. © Asian Development Bank. http://hdl.handle.net/11540/4046. License: CC BY 3.0 IGO.ISSN
1882-6717
Keywords
Trade Facilitation
Trade
Economic integration
Regional Economic Integration
Free Trade
Trade Agreements
Trade Policy
Economic Development
Economics
International Economics
Intraregional Trade
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Trade policy
Economic development
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Business
Economics
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