Trade-led Growth: A Sound Strategy for Asia

Trade-led Growth: A Sound Strategy for Asia

Date: 
Thursday, December 1, 2011
Type: 
Journals
ISBN: 
978-92-1-120621-0
Abstract

The 2008/9 global economic crisis triggered changes in real economies and trade in all countries, including those in Asia, which adopted the so-called export-led growth model. With these drastic changes in trade flows, and the need to counteract potential adverse effects, the old debate on the advantages and flaws of the export-led model has re-opened, adding new concerns to the debate such as aspects of sustainability and inclusivity. The Asia-Pacific Research and Training Network on Trade organized a conference in November 2009 on the topic and brought together policymakers, researchers and analysts from the region and outside it. The selection of the papers discussed at the conference is presented in this volume. It aims to provide some theoretical and empirical reasons towards an argument that for developing Asian economies, export-led growth is still a valid model of stable, equitable and sustainable growth. The volume is an attempt to provide a balanced assessment of the role of trade in growth and development. It also combines local (regional) research with that of established experts/institutions. While there is extensive literature focusing on the role of openness and trade in a country’s development, much of it dates to before the most recent (2008-2009) global crisis. Furthermore, during the crisis and most recently, the volumes that were published mostly argued against an export-led growth strategy, while this volume argues in defense of trade-led growth for the Asian region.

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0 - Full Report_11Download
1 - Preface and acknowledgementsDownload
2 - List of contributorsDownload
3 - Abbreviations and acronyms_0Download
4 - Part One_Chapter I. A trade theory explanation of global imbalances and crisesDownload
5 - Part One_Chapter II. World trade regime, World Trade Organization and large-scale crisesDownload
6 - Part Two_Chapter III. Resiliency of production networks in Asia- Evidence from the Asian crisisDownload
7 - Part Two_Chapter IV. Role of global production networks in understanding the impacts of the macroeconomic stimulusDownload
8 - Part Three_Chapter V. Trans-Pacific strategic economic partnership agreement- High standard or missed opportunityDownload
9 - Part Three_Chapter VI. A comparison of the ASEAN-Australia-New Zealand Free Trade Agreement and the P4 AgreementDownload
10 - Part Three_Chapter VII. Political economy of multilateralization in AsiaDownload
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12 - Part Four_Chapter IX. Do institutions matter for trade in Asian countriesDownload
13 - Part Four_Chapter X. National and supranational institutions and tradeDownload
14 - Part Five_Chapter XI. Scope for world trade reform to ease Asian poverty and inequalityDownload
15 - Part Five_Chapter XII. Trade reforms under Doha and income distribution in South AsiaDownload
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18 - Part Six_Chapter XV. Report by Conference Rapporteur, Simon J. EvenettDownload
19 - Part Six_Chapter XVI. Report by ARTNeT SecretariatDownload