The rapid development of Pacific Asia over the past twenty years offers an excellent opportunity to analyze the dynamics of economic growth. Trade and Structural Change in Pacific Asia explores the nature and causes of changes that have occurred in the economic structure of Pacific Asia, the relationship between these changes and economic growth, and the implications of these changes for trading relationships.
Themes in the research reported here includes the sectoral composition of output and trade; rates of structural change in production and exports and their relation to economic growth; the effect of abundant resource endowments on industrialization and manufactured exports; the nature of the mix between active government policies and market forces; and the balance between demand-determined and supply-determined industrialization and exports. Many of the issues explored have important implications for United States foreign economic policy, and the volume includes a look at the basic economic and political forces influencing shifts in United States trade policy in the postwar period.
A timely and informative analysis, the volume probes the causes and consequences of economic growth in Pacific Asia, focusing on the interaction of exports of manufactured goods and the developmental process. The results reported contribute to ongoing research in structural change and economic policy and will be important to economists working on empirical patters in international trade and the process of economic development.
Colin I. Bradford, Jr., is associate director of the Yale Center for International and Area Studies at Yale University. William H. Branson is professor of economics and international affairs at the Woodrow Wilson School of Public and International Affairs of Princeton University.
Overview I. Introduction
1. Patterns of Trade and Structural Change
Colin I. Bradford, Jr., and William H. Branson II. Pacific Asia in Global Trade Patterns
2. Trade and Structural Interdependence between the United States and the Newly Industrializing Countries
William H. Branson
3. Exports of Manufactures from Developing Countries to the European Community
Jean L. Waelbroeck
4. Japan and Her Asian Neighbors in a Dynamic Perspective
5. Recent U.S. Trade Policy and Its Global Implications
Robert E. Baldwin and J. David Richardson
6. The South Asian and Pacific Far East Countries in Project LINK
Lawrence R. Klein III. Structural Change and Transitional Growth in Pacific Asia
7. NICs and the Next-Tier NICs as Transitional Economics
Colin I. Bradford, Jr.
8. The Structure of Trade in Manufactured Goods in the East and Southeast Asian Region
Lawrence B. Krause
9. Empirical Tests of Alternative Models of International Growth
Laurence J. Kotlikoff and Edward E. Leamer IV. The Gang of Four: The Pacific Asian Newly Industrializing Countries 10. Export-Oriented Growth and Trade Patterns of Korea
11. Trade Patterns and Trends of Taiwan
12. Foreign Trade and Economic Growth in Hong Kong: Experience and Prospects
Edward K. Y. Chen
13. Trends and Patterns of Singapore's Trade in Manufactures
Chung Ming Wong V. The ASEAN Four: Next-Tier Newly Industrializing Countries?
14. Changes in the Malaysian Economy and Trade Trends and Prospects
Chee Peng Lim
15. Trade Patterns and Trends of Thailand
16. Manufactured Exports and Industrialization: Trade Patterns and Trends of the Philippines
Florian A. Alburo
17. Trade Patterns and Trends of Indonesia
Ralph E. Beals
List of Contributors