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TWN Trade & Development series no. 41

The Role of China in Regional South-South Trade in the Asia-Pacific: Prospects for Industrialization of the Low-Income Countries

By MEHDI SHAFAEDDIN

Publisher: TWN (ISBN: 978-967-5412-65-3)

Year: 2012   No. of pages: 40

ABOUT THE BOOK

Based on his proposed alternative theoretical framework for South-South trade as a vehicle for industrialization and development and refuting the “decoupling” thesis – that is, that East Asian countries are decoupled from the business cycle in developed countries – the author analyzes the merits and shortcomings of China’s regional trade with its partners. Moreover, considering the growing weight of China in the global production network and international trade, he proposes policies for the industrialization and development of the partner countries in the context of strengthening China’s role as a growth “pole”. He suggests, inter alia, the need for industrial collaboration among the low-income countries of the region – which benefit less than others from the dynamics of the Chinese economy as a “hub” – complemented by adjustment assistance by China and the newly industrializing economies (NIEs). He also proposes technological cooperation among China’s trading partners which are currently involved in production sharing in a limited number of electrical and electronic products for export to third markets in developed countries. Such cooperation would be aimed at upgrading their industrial structure and reducing their vulnerability to changes in the economic strategy of China and to the business cycle in the developed countries.

ABOUT THE AUTHOR

MEHDI SHAFAEDDIN is a development economist, former head of the Macroeconomics and Development Policies Branch at the United Nations Conference on Trade and Development (UNCTAD), and author of many articles on industrialization and development policies in international journals. His books include Trade Policy at the Crossroads: The Recent Experience of Developing Countries (Palgrave Macmillan, 2005) and Competitiveness and Development (Anthem Press, forthcoming, September 2012). He can be contacted at M.Shafaeddin@gmail.com or M.Shafaeddin@Shafaeddin.com.

Contents

1 Introduction                                                                                           

2 China as a Regional Industrial “Pole” 

    China’s economic dynamism and trade performance                             

    Structure of China’s imports

    Nature of production sharing and its role in East Asian trade

    The role of China in regional production sharing

    Lack of integration of low-income countries                                          

3 Vulnerability of ESSEA Countries, or Decoupling?                             

    Short/medium-run risks

    Long-run risks                                                                                        

4 The Future of Regional Trade: The Questionable Role of the Market   

    Policy implications for the future of industrialization in the ESSEA region

5 Concluding Remarks                                                                           

Endnotes                                                                                                  

References     

                                             PRICE           POSTAGE

Malaysia                               RM7.00           RM1.00

Third World countries          US$4.00          US$2.00 (air);    US$1.00 (sea)

Other foreign countries        US$6.00          US$2.00 (air);    US$1.00 (sea)

(For orders of more than 3 copies, please write in for reduced postal rate)

How to Order the Book

Visit our TWN Online Bookshop at: www.twnshop.com or contact Third World Network at 131 Jalan Macalister, 10400 Penang, Malaysia.

Website: www.twn.my

Tel: 604-2266159

Fax: 604-2264505

Email: twnet@po.jaring.my for further information.  

 


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