Natural trading partners versus empires in East and Southeast Asia regional integration (1840-1938)

Ayuso-Díaz, Alejandro

doi:10.1016/j.jjie.2021.101184

Cited by 2 publications

(1 citation statement)

References 58 publications

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“…With respect to the period 1840-1938, Ayuso-Díaz (2022 previously demonstrated that Asian countries share specific economic and geographic characteristics that make them more likely to trade with one another. Nonetheless, the rise in intra-regional trade experienced by countries during the First Globalization and Interwar years was primarily explained by the imperial policies promoted by the British Empire in the late 19th century and the Japanese Empire after World War I. Regionalism was the main force driving economic integration.…”

Section: B Resultsmentioning

confidence: 99%

More Integrated than Ever? Long-Term Market and Policy Drivers of Intra-Asian Trade

Ayuso-Díaz¹,

Gómez-Plana²

2023

Journal of Economic Integration

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Since the Doha Round stalemate after 2001, trade liberalization has progressed through regional trade agreements (RTAs) and East and Southeast Asia is not unfamiliar with this. Before assessing the effectiveness of recent trade agreements, the long tradition of trade exchange in this region that has lasted for more than 2,000 years necessitates an understanding of the evolution of intra-Asian trade across history. In this regard, this study contributes to the literature examining whether present intra-Asian trade is more or less intense than before 1938. This research outperforms previous studies using a gravity model that controls for changes in GDP and trade costs in the region across four different time periods (between 1840 and 2018). The results show that contemporary regional trade in East and Southeast Asia is slightly less intense than before World War II. A second question addressed is the relevance of trade agreements after the 1985 Plaza Accord on trade integration, compared with market determinants. A second gravity model for regional imports after 1986 is regressed on both policy and market indicators, indicating that the latest wave of intra-Asian trade is characterized by trade complementarities that are fueled by regional foreign direct investment, and free trade agreements are less effective. This result is validated through a network analysis demonstrating the symbiosis between trade and investment flows in the region, which should be considered in RTAs that are in place or in negotiation to take intra-Asian trade beyond its historical limits.

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Section: B Resultsmentioning

confidence: 99%

More Integrated than Ever? Long-Term Market and Policy Drivers of Intra-Asian Trade

Ayuso-Díaz¹,

Gómez-Plana²

2023

Journal of Economic Integration

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Breaking free? The evolution of intra‐Asian trade at the dawn of globalization (1795–1839)

Ayuso‐Diaz

2024

The Economic History Review

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This article contributes to the scholarly discourse on the repercussions of trade liberalization in the late eighteenth and early nineteenth centuries that contributed to early globalization, offering a perspective that extends beyond the traditional focus on Atlantic economies. Our study centres on East and Southeast Asia, pivotal in Pacific and Indian Ocean trade. We overcome data scarcity by presenting a new, partner‐disaggregated imports dataset spanning 10 ports across the region from 1795 to 1839. Employing a gravity model and incorporating interactions, we assess the degree of intra‐Asian trade and its evolution following key events that liberalized East and Southeast Asian commerce in a period when measurable global integration started to become apparent. Supporting new Asian scholarship, our results highlight the remarkable intra‐Asian trade before the high colonial era. We also show that, in general, colonial trade policies fostering inter‐continental trade disproportionately augmented colonial imports in East and Southeast Asia, eclipsing gains in intra‐Asian or Pacific trade, especially before 1830. We explore the impact of the influx of British textiles in the region as a mechanism to explain these trends. Our study illuminates complex trade dynamics in East and Southeast Asia during a transformative period of measurable global integration.

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Natural trading partners versus empires in East and Southeast Asia regional integration (1840-1938)

Cited by 2 publications

References 58 publications

More Integrated than Ever? Long-Term Market and Policy Drivers of Intra-Asian Trade

More Integrated than Ever? Long-Term Market and Policy Drivers of Intra-Asian Trade

Breaking free? The evolution of intra‐Asian trade at the dawn of globalization (1795–1839)

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