Propects for trade growth among Pacific basin countries
The market economies in the Pacific basin enjoy intense intra-regional trade. That is, they each trade much more with other Pacific basin countries than do countries outside the region. Contrary to what might be expected, this intensity is not due to strong trade complementarity between them. While the marked differences in factor-endowment ratios and hence comparative advantages within the region suggest trade complementarity should be high, actual trade complementarity is not. The...[Show more]
|Collections||ANU Research Publications|
|Source:||The Developing Economies|
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