Economic Growth and the Changing Structure of Trade and Production in the Pacific Rim

摘要: growth have been in the range of 6-7% (Young). During this period, production and trade patterns Pacific Basin undergone profound structural changes. In last two decades, South Korea has moved from labor-intensive manufactures to more capital skill-intensive sectors. Thailand, traditionally an exporter natural resource-based commodities, showed a sharp fall its export share agriculture rise such as textiles simple electronics (Gehlhar). contrast, while importance total North American output fallen, exports remained stable recent years, volumes continue increase. The East Asian naturally coincides with rapid import growth. order expand their manufacturing capacity, countries imported massive amounts equipment. But expansion sector also pulls labor away agriculture, at very time income is leading increased per capita food demands. Therefore, we seen strong demand for farm imports Asia. Indeed, during 1980s, region emerged fastest growing market agricultural accounting bulk increase U.S. (USDA 1993a).