The Rise of China and Its Consequences for East Asia: Is the Fear of Export Competition Warranted?

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    This paper examines how China's emergence as a major trading nation is affecting export performance of its East Asian neighbours. Following a stage-setting overview of trends and patterns of China's export performance, it probes China competition in third country markets and emerging patterns of imports. The East Asian export experience is examined in a wider global context against the backdrop of the ongoing process of global production sharing. The findings indicate that the 'China threat' has been vastly exaggerated in the contemporary policy debate. China's rapid market penetration in traditional labour-intensive manufactured goods has occurred mostly at the expense of the high-wage East Asian countries, without crowding-out the export opportunities of low-wage countries in the region. More importantly, China's rapid integration into global production networks as a major assembly centre has created new opportunities for the other East Asian countries to engage in various segments of the value chain in line with their comparative advantage.
    Original languageEnglish
    Title of host publicationReforms for Korea's Sustained Growth
    Editors Chin Hee Hahn and Sang-Hyop Lee
    Place of PublicationSeoul, Korea
    PublisherKorea Development Institute
    Pages119-155pp
    Edition1st
    ISBN (Print)9788980635610
    DOIs
    Publication statusPublished - 2011

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