From global factory to global mall? East Asia’s changing trade composition and orientation

Helble, Matthias; Ngiang, Boon-Loong

doi:10.1016/j.japwor.2016.06.001

Cited by 7 publications

(4 citation statements)

References 12 publications

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“…The economic growth originating initially from a higher insertion into fragmented production networks leads in the end to more demand of final products. (Helble and Ngiang 2016) also find evidence that trade in intermediate and capital goods within East Asia has surged over the period 1999-2014 and that since 2011 more and more final goods are being reoriented towards East Asia. East Asia's prolonged prosperity has been translating into stronger demand for local consumer goods.…”

Section: Fragmented Production Network: Towards the "Global Factory"?mentioning

confidence: 93%

Production networks of the Asian automobile industry: regional or global

Jetin

2018

IJATM

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Section: Fragmented Production Network: Towards the "Global Factory"?mentioning

confidence: 93%

Production networks of the Asian automobile industry: regional or global

Jetin

2018

IJATM

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“…According to the IMF's World Economic Outlook (October 2018), the share of emerging and developing Asia in world GDP, which was 16.7% in 2000, would be 37.8% in 2023 based on PPP. East Asia now plays a central role in global production networks (see, for example, Ito and Vézina 2016, Helble and Ngiang 2016, Aizenman and Fukuda 2017, and Shepherd 2018. Second, despite the dramatic output and trade growth, financial markets in emerging East Asia have developed at a slower pace and from a lower base until recently.…”

Section: Share Of World Gross Domestic Productmentioning

confidence: 99%

Financial Spillovers in Asian Emerging Economies

Fukuda

Tanaka

2020

Asian Development Review

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This paper explores financial spillovers between emerging Asia and advanced economies using principal component analysis to extract common shocks in Asia. We first investigate stock market spillovers across the regions and find that spillovers from emerging Asia became significant after the global financial crisis. However, our industry-level analysis shows that the increased spillovers can be attributed to the first principal component (PC) in the manufacturing sector rather than to the first PC in the financial sector. This implies that the rise of the Asian manufacturing sector in the global market played a key role in enhancing the stock market spillovers. We next examine bilateral spillovers in short-term and long-term rates. In the tapering period, we find significant spillovers in long-term rates from the first PC in emerging Asia to Europe and the United States. However, these spillovers were much smaller than the stock market spillovers in magnitude.

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“…Today, more and more companies from emerging countries are establishing cross-border value chains. Asia and Eastern Europe are the two world regions that have been most successful in building and integrating global value chains (Amador et al, 2015;Helble and Ngiang, 2016). Today, joining global or regional value chains is considered as one of the key factors of economic development.…”

Section: The 2nd Unbundling: Information and Technology Revolution -Gmentioning

confidence: 99%

Shifting Towards a Consumer-Centered Economy and the Implications for International Trade

Helble

2018

SSRN Journal

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The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of ADBI, ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms. Working papers are subject to formal revision and correction before they are finalized and considered published.

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From global factory to global mall? East Asia’s changing trade composition and orientation

Cited by 7 publications

References 12 publications

Production networks of the Asian automobile industry: regional or global

Production networks of the Asian automobile industry: regional or global

Financial Spillovers in Asian Emerging Economies

Shifting Towards a Consumer-Centered Economy and the Implications for International Trade

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