From global factory to global mall: East Asia’s changing export composition

Matthias Helble, Boon-Loong Ngiang 08 September 2014

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Over the past decades, East Asia has been the most successful region in the world in building up cross-border supply chains and has subsequently become described as “Factory Asia” (Baldwin 2008). In a form of “triangle trade”, advanced countries in East Asia exported sophisticated parts and components to less developed countries in the region, where these are assembled into final consumption goods and then shipped to rich-nation markets, especially the US and EU (Baldwin and Kawai 2013).

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Topics:  Development International trade

Tags:  supply chains, Factory Asia, East Asia

Supply chains, mega-regionals and the WTO: New CEPR book

Bernard Hoekman 19 May 2014

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In December 2013, WTO members struck a multilateral agreement at their ministerial meeting in Bali as part of the long-running Doha Round. The Bali Trade Facilitation Agreement – the first such agreements since the WTO was founded in 1995 – is important in demonstrating WTO members can ‘get to yes’ despite their differences. While trade facilitation will benefit traders around the globe, the basic challenge confronting WTO negotiators remains.

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Topics:  International trade

Tags:  WTO, supply chains, free-trade agreements

Missing gains from trade?

Marc J. Melitz, Stephen Redding 10 March 2014

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The theoretical result that there are gains from trade is a central tenet of international economics. Assuming perfect competition and no market failures, trade acts like a technological improvement that expands the set of feasible allocations and enables Pareto superior outcomes to be achieved. A recent body of research has sought to quantify the magnitude of these welfare gains.

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Topics:  International trade

Tags:  productivity, welfare, supply chains, gains from trade

How the euro synchronised EZ cycles

Ayako Saiki, Sunghyun Henry Kim 02 February 2014

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Prior to the introduction of the euro, the topic of whether the Eurozone fulfils the conditions for an optimum currency area was highly debated (e.g. Bayoumi and Eichengreen 1992).

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Topics:  EU institutions International finance International trade

Tags:  eurozone, euro, trade, business cycles, East Asia, supply chains, optimum currency area

The WTO and the world trading system ‘post Bali’ – Part 2

Gary Horlick interviewed by Viv Davies,

Date Published

Fri, 01/31/2014

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See Also

Simon J Evenett, Alejandro Jara , Building on Bali: A Work Programme for the WTO, A Vox eBook, 18 December 2013.

Editor’s note: This is the second in a two-part series of Vox Talk interviews on the WTO ‘post Bali’. Part 1, posted last week, featured Alejandro Jara.

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Topics

Global governance International trade
Tags
WTO, trade, regional trade agreements, supply chains, Bali package, megaregionals

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The WTO and the world trading system ‘post Bali’ – Part 1 Multilateralising 21st-century regionalism
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January 2014

The WTO and the world trading system ‘post Bali’ – Part 1

Alejandro Jara interviewed by Viv Davies,

Date Published

Sat, 01/25/2014

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See Also

Simon J Evenett, Alejandro Jara , Building on Bali: A Work Programme for the WTO, A Vox eBook, 18 December 2013.

Editor’s note: This is the first in a two-part series of Vox Talk interviews on the WTO ‘post Bali’. Part 2, featuring an interview with Gary Horlick, will be posted in a few days’ time.

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Topics

Global governance International trade
Tags
WTO, trade, regional trade agreements, supply chains, Bali package, megaregionals

Related Article(s)

Multilateralising 21st-century regionalism Global value chains, interdependence, and the future of trade Building on Bali: A new VoxEU eBook WTO agreement: The Bali Ribbon What prospects for a WTO deal in Bali? ‘Bilateral renaissance’ or multilateralism
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January 2014

Multilateralising 21st-century regionalism

Richard Baldwin 20 January 2014

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Trade and trade agreements used to be relatively simple. Trade primarily meant trade in ‘made-here-sold-there’ goods, so 20th-century regional and multilateral trade agreements dealt primarily with barriers to goods crossing borders – especially tariffs. For governments, the key purpose of trade and trade agreements was to help their firms sell things.

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Topics:  Global governance International trade

Tags:  WTO, trade, regional trade agreements, supply chains, harmonisation, global value chain, megaregionals, network effects

Supply-chain vulnerability: An analysis of the impact of earthquakes using micro data

Yukiko Umeno Saito 15 December 2013

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Natural disasters have long-lasting consequences (Noy 2012). Two and a half years have passed since the Great East Japan Earthquake, and although many issues have yet to be resolved – including that of the evacuees – many lessons concerning economic activities have been learned from the unexpected disaster. Companies’ resilience was tested, and the introduction of business continuity management was accelerated. Supply chains have also been overhauled to surmount companies’ vulnerability.

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Topics:  Industrial organisation

Tags:  Japan, supply chains, natural disasters, earthquake

Value-added exchange rates

Rudolfs Bems, Robert Johnson 06 December 2012

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Real effective exchange rates (REERs) are widely used to gauge competitiveness. Yet conventional REERs, based on gross trade flows and consumer price indexes (CPIs), are not well suited to that role when imports are used to produce exports – i.e., with vertical specialisation in trade.

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Topics:  Competition policy Global economy International trade

Tags:  competitiveness, Germany, global imbalances, China, globalisation, trade, supply chains, iPhone

Estimating trade elasticities: Demand composition and the trade collapse of 2008–09

Matthieu Bussière, Fabio Ghironi, Giulia Sestieri 14 February 2012

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Topics:  International trade Macroeconomic policy

Tags:  supply chains, great trade collapse

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