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China and East Asian trade: the decoupling fallacy, crisis and policy challenges

Athukorala, Premachandra; Kohpaiboon, Archanun

Description

This paper examines the export experience of China and other East Asian economies in the aftermaths of the global financial crisis against the backdrop of pre-crisis trade patterns. The analysis is motivated by the 'decoupling' thesis, which was a popular theme in the Asian policy circles in the lead-up to the onset of the recent financial crisis, and aims to probe three key issues: Was the East Asian trade integration story that underpinned the decoupling thesis simply a statistical artifact...[Show more]

dc.contributor.authorAthukorala, Premachandra
dc.contributor.authorKohpaiboon, Archanun
dc.contributor.editorRoss Garnaut
dc.contributor.editorJane Golley
dc.contributor.editorLigang Song
dc.date.accessioned2015-12-10T22:27:07Z
dc.identifier.isbn978-1-921666285
dc.identifier.urihttp://hdl.handle.net/1885/54062
dc.description.abstractThis paper examines the export experience of China and other East Asian economies in the aftermaths of the global financial crisis against the backdrop of pre-crisis trade patterns. The analysis is motivated by the 'decoupling' thesis, which was a popular theme in the Asian policy circles in the lead-up to the onset of the recent financial crisis, and aims to probe three key issues: Was the East Asian trade integration story that underpinned the decoupling thesis simply a statistical artifact or the massive export contraction caused by an overreaction of traders to the global economic crisis and/or by the drying up of trade credit, which overpowered the cushion provided by intra-regional trade? What are the new policy challenges faced by the East Asian economies? Is there room for an integrated policy response that marks a clear departure from the pre-crisis policy stance favoring export-oriented growth? The findings caution against a possible policy backlash against openness to foreign trade arising from the new-found enthusiasm for rebalancing growth, and make a strong case for a long-term commitment to non-discriminatory multilateral and unilateral trade liberalization.
dc.format.extent27 pages
dc.format.mimetypeapplication/pdf
dc.language.isoen_AU
dc.publisherANU ePress
dc.relation.ispartofChina: The Next Twenty Years of Reform and Development
dc.relation.isversionof1 Edition
dc.rightsAuthor/s retain copyright
dc.source.urihttp://press.anu.edu.au/wp-content/uploads/2011/06/ch107.pdf
dc.titleChina and East Asian trade: the decoupling fallacy, crisis and policy challenges
dc.typeBook chapter
local.description.notesImported from ARIES
local.description.refereedYes
dc.date.issued2010
local.identifier.absfor140202 - Economic Development and Growth
local.identifier.ariespublicationu4002919xPUB290
local.publisher.urlhttp://press.anu.edu.au/
local.type.statusMetadata only
local.contributor.affiliationAthukorala, Premachandra, College of Asia and the Pacific, ANU
local.contributor.affiliationKohpaiboon, Archanun, Thammasat University
local.bibliographicCitation.startpage193
local.bibliographicCitation.lastpage219
local.identifier.doi10.22459/CNTYRD.07.2010.10
dc.date.updated2020-11-22T07:30:08Z
local.bibliographicCitation.placeofpublicationCanberra, ACT, Australia
dcterms.accessRightsOpen Access via publisher website
CollectionsANU Press (1965-Present)

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