Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/74853
Authors: 
Gangnes, Byron
Van Assche, Ari
Year of Publication: 
2010
Series/Report no.: 
LICOS Discussion Paper 257
Abstract: 
The growth of East Asia's intra-regional trade is driven largely by increased component trade within global electronics production networks. Data on both electronics trade and production elucidate a pattern of specialization in which upper- and middle-income countries produce sophisticated components and lower-income countries assemble lowervalue- added final goods. There is evidence of increasing sophistication within the electronics sector by the Newly Industrialized Economies and to a lesser extent by ASEAN countries. Despite the marked increase in intra-regional trade, developing East Asian countries remain heavily dependent on developed-country markets. When Western export demand rapidly contracted during the 2008-2009 economic crisis, these specialization patterns led the rapid diffusion of the business cycle shock throughout the East Asian region.
Subjects: 
Global production networks
electronics
Asian trade
business cycle transmission
global economic crisis
JEL: 
F14
F23
F40
L63
Document Type: 
Working Paper

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