GlobalAutoTV
Click to watch Daniel P. Malone -
Click to watch Daniel P. Malone -
asia resources


Need an office in Asia? Office suites, meeting rooms, virtual offices, network access



free downloads
ASIA: "ASEAN: Vietnam and the Philippines Enjoy Robust Sales" report

ASIA: "ASEAN: Vietnam and the Philippines Enjoy Robust Sales" report. 3-page report by LMC Automotive.

proceed to download
eJournals




back to index backASIAtalk March,  2006


The rise of China and its implications for the division of labor in Asia

Globalization has significantly hastened the process of catch-up in the Asian emerging markets over the past two decades. Dynamic economic development in the Far East reflects the Asian countries’ powerful international competitiveness and their consequent export boom. Since the beginning of the 1980s, and in spite of the setbacks caused by the Asian crisis, the economies of Asia have almost doubled their share of world trade. Roughly half this external trade is conducted within the region itself. For years now a process of redirection in trade flows has been taking place in the Far East, with China as the biggest winner” in Asia’s re-division of labor. Japan and the ASEAN states, on the other hand, have lost trade shares. Already, China is the third largest trading nation in the world and will further expand on this position moving forward.

Regional Integration Tendencies
In the past, moves towards economic integration have taken place in all world regions. In Europe, the internal market has become reality in important areas as a result of the EU. On the other side of the Atlantic the US, Canada and Mexico have intensified their economic cooperation in NAFTA. In Asia, too, moves towards integration in the 1970s and 80s led to the establishment of a host of organizations and alliances, although these did not produce the hoped-for results. Different levels of development, political and cultural autonomy aspirations and differing interests prevented the development of economic cooperation on a more ambitious scale. The Association of Southeast Asian Nations, ASEAN, restricted its cooperation essentially to collective export promotion. So far, closer domestic economic cooperation with far-reaching integration targets along the lines of the EU has not taken place. The Asia-Pacific Economic Cooperation APEC, as a loose association, likewise seeks merely to coordinate its members’ economic activities in a very broad-brush approach.

Inadequate as institutionalized regional cooperation may have been, practically all Asian emerging markets have pursued an export-based development strategy. That has been the real common denominator of economic cooperation in the region. The interlinkage of the Asian economies is manifesting itself in the increasing momentum of cross-border commercial transactions, in the relocation of production
facilities and in intra-industrial investment flows. Of course further progress will be made on economic integration as a result of increasing liberalization and deregulation of markets in Asia. China’s accession to the WTO four years ago has undoubtedly played a part in this.

To download the 48-page Economy & Markets newsletter from Dresdner Bank/Allianze, click here.   (Please note the article above starts on page 22)

Source: Economy & Markets newsletter by Dresdner Bank / Allianz - GAI


previous page

go top



search our site


Loading

ASIAtalk

Other articles from the same issue (March,  2006).

Automotive and Components Market in Asia report
play read on

India's Hottest Jobs
play read on

India becomes an international player
play read on

Japanese Parts Makers’ Group To Teach Indonesian Suppliers Art of Die-Making
play read on

Why the Next Decade Will Be Neither Chinese Nor Indian
play read on

The rise of China and its implications for the division of labor in Asia
play read on

China Facing Serious Job Shortage
play read on

Shanghai Property Market Overview
play read on

Navigating the Visa Process in Asia-Pacific—A Guide for India, Japan, and the People’s Republic of China
play read on

Country Profile: South Korea
play read on

Outsourcing Frontier: Yanks Need Apply
play read on

Global Insight Raises China Growth Forecasts
play read on

The Siren Song of Technonationalism
play read on

Our Take: Analyzing Aberdeen’s Take on Middle Market Sourcing
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120