Dynamics of Trade in Value-Added in “Factory Asia”

摘要: ABSTRACTTrade patterns in East Asia are termed the “Factory Asia” model, whereby functions as a “global factory” that imports intermediate goods from its regional networks and then assembles exports them finished to higher-income developed countries. In 2001, China’s accession into World Trade Organisation consolidated this pattern by becoming core economy model. However, is still valid after more than decade of rapid development Asian countries? The main objective article examine evolution trade Although key findings study show Factory model continues, it changing different countries capture value global chains. gaps rate upgrading identified mainly attributed differences government policies competition. dependence on foreign inputs remains an important part high-technology prod...