Cross-Border Production Sharing and Exchange Rates in East Asia

2005 ◽  
Author(s):  
Sven W. Arndt
Keyword(s):  
Exchange Rates ◽  
East Asia ◽  
Cross Border ◽  
Production Sharing

Conclusions

2016 ◽  
Author(s):  
Jeffry A. Frieden
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Exchange Rate Policy ◽  
Theoretical Argument ◽  
Economic Agents ◽  
Cross Border ◽  
Domestic Prices ◽  
Pass Through ◽  
Exchange Rate Pass Through ◽  
Export Competition

This chapter summarizes key findings. This book makes a simple theoretical argument about the distributional implications of exchange rate policy. It suggests that economic actors with important cross-border interests, exposed to currency volatility, will tend to prefer more stable and predictable exchange rates. It also claims that tradables producers will, all else being equal, tend to prefer a depreciated real exchange rate. These concerns will be tempered by the extent of exchange rate pass-through—that is, the degree to which currency movements affect domestic prices. The analysis in this book shows that countries whose economic agents are more involved in cross-border trade are more likely to fix their exchange rates in order to reduce currency volatility. Countries with large groups susceptible to import or export competition—import-competing manufacturers and export farmers—are more likely to choose flexible exchange rates that allow currency depreciations. Governments facing an election encourage or allow currency appreciation that increases the purchasing power of consumers.

scholarly journals Product Fragmentation and Trade Patterns in East Asia

2005 ◽  
Vol 4 (3) ◽  
pp. 1-27 ◽  
Author(s):  
Prema-chandra Athukorala
Keyword(s):  
East Asia ◽  
World Economy ◽  
Commodity Trade ◽  
Regional Trade ◽  
Trade Patterns ◽  
Data Set ◽  
Cross Border ◽  
International Specialization ◽  
Structural Interdependence ◽  
Trade And Investment

International product fragmentation—the cross-border dispersion of component production/assembly within vertically integrated production processes—is an important feature of the deepening structural interdependence of the world economy. This paper examines the implications of this phenomenon for global and regional trade patterns, with special emphasis on countries in East Asia, using a new data set culled from the United Nations Commodity Trade Statistics Database. It is found that, while “fragmentation trade” has generally grown faster than total world trade in manufacturing, the degree of dependence of East Asia on this new form of international specialization is proportionately larger than that of North America and Europe. The upshot is that international product fragmentation has made East Asian growth increasingly reliant on extra-regional trade, strengthening the case for a global, rather than a regional, approach to trade and investment policymaking.

scholarly journals Email adaptation for conflict handling: A case study of cross-border inter-organisational partnership in East Asia

2017 ◽  
Vol 28 (2) ◽  
pp. 318-339 ◽  
Author(s):  
Joyce Yi-Hui Lee ◽  
Niki Panteli ◽  
Anne Marie Bülow ◽  
Carol Hsu
Keyword(s):  
East Asia ◽  
Cross Border ◽  
Conflict Handling
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