Intermediate input trade has grown markedly in East Asia, and at a much faster rate than in the rest of the world. Since the early 1990s, when technological developments made it possible to separate the production process into many stages, East Asia as a region has developed sophisticated production networks in the manufacture of various products. Different countries have installed production stages according to their levels of technology or factor endowments, and consequently sequential production stages are now located across various countries. In order to produce final goods, East Asian nations have therefore relied on the trade of inputs back and forth.
Containing unique and important data, this book will appeal to academics, researchers and policymakers interested in trade, economic integration and Asian studies.
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