Global production sharing and Asian trade patterns: implications for the Regional Comprehensive Economic Partnership (RCEP)

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    This paper documents and analyzes emerging trade patterns in Asia, with special reference to the implications of global production sharing with a view to informing the policy debate on forming the Regional Comprehensive Economic Partnership (RCEP). The analysis reveals that the degree of dependence of RCEP countries on this new form of global division of labour is much larger compared to Europe and North America. Global production sharing has certainly strengthened economic interdependence among the countries in the region, but the dynamism of the regional cross-border production networks depends inexorably on global, rather than regional, trade in final goods. The findings of this paper make a strong case for a global, rather than a regional, approach to trade and investment policy making. © Indian Council for Research on International Economic Relations 2016.
    Original languageEnglish
    Title of host publicationGlobal Economic Cooperation: Views from G20 Countries
    Editors Rajat Kathuria, Neetika Kaushal Nagpal
    Place of PublicationIndia
    PublisherSpringer
    Pages241-256
    Edition1st
    ISBN (Print)9788132226963
    DOIs
    Publication statusPublished - 2016

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