Shafaeddin, Mehdi (2010): The rationale for South-South trade; An Alternative Approach.
Download (125kB) | Preview
Arguing that the theoretical literature on South-South trade is not satisfactory, the author provides an alternative framework and rationale for the South-South trade as a vehicle for industrialization and development of developing countries. He also applies this framework to developing countries in the Asia-Pacific region. In particular, showing that the low-income countries of the region are not benefiting much from the dynamism of the China market for their industrialization, he proposes, inter alia, industrial collaboration among the low-income countries as a necessary condition for benefiting from the potential role of China as a “pole” of industrialization and development of the countries of the region.
|Item Type:||MPRA Paper|
|Original Title:||The rationale for South-South trade; An Alternative Approach|
|English Title:||The rationale for South-South trade; An Alternative Approach|
|Keywords:||International trade, South-South cooperation, industrial collaboration, production sharing, East Asia|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development
F - International Economics > F1 - Trade
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology
|Depositing User:||Mehdi Shafaeddin|
|Date Deposited:||18. Nov 2010 20:39|
|Last Modified:||13. Feb 2013 03:24|
Agatiello, O. R. (2007). “Is South-South Trade the Answer to Bringing the Poor into the Export Process?” Paper presented to the UNCTAD Expert Meeting on Participation of Developing Countries in New and Dynamic Sectors of World Trade: The South-South Dimension, Geneva, 16–17 October, 2007.
Amsden, A.H. (1989). Asia's Next Giant: South Korea and Late Industrialization. New York: Oxford University Press.
Baier, S., Bergstrand, J.H. and Vidal, E. (2007). “Free Trade Agreements in the Americas: Are the Trade Effects Larger than Anticipated?” World Economy, 30 (9): 1347-77.
Bhagwati, J. (1993). “Regionalism and Multilateralism,” in de Melo, J. and Panagariya, A. (eds.). New Dimensions in Regional Integration. Cambridge: Cambridge University Press, for Centre for Economic Research.
Cernat, L. (2003). “Assessing South-South Regional Integration: Some Issues, Many Metrics.” UNCTAD, Policy Issues in International Trade and Commodities, Study Series no. 21. Geneva: UNCTAD.
Cernat, L. and Laird, S. (2007). “North, South, East, West: What’s Best? Modern RTAs and Their Implications for the Stability of Trade Policy.” CREDIT Research Paper no. 03/11. Centre for Research in Economic Development and International Trade (CREDIT), School of Economics. Nottingham: University of Nottingham.
Choonsik, Y., and Jong-woo, C. (2010), “Asia faces risk from rising capital flows: IMF”, available at: http/finance.yahoo.com/news /Asia-faces-risks-from-rising-rb-13
Cline, R.W. (1983). “Trade Policy in the 1980s.” Washington, DC: Institute for International Economics.
Choonsik, Y., and Jong-woo, C. (2010), “Asia faces risk from rising capital flows: IMF”, available at: http/finance.yahoo.com/news/Asia-faces-risks-from-rising-rb-13.
Corden, W.M. (1993). “Round Table Discussion,” in de Melo, J. and Panagariya, A., (eds.). New Dimensions in Regional Integration. Cambridge: Cambridge University Press, for Centre for Economic Research, 457-60.
de Melo, J. and Panagariya, A. (1993). New Dimensions in Regional Integration. Centre for Economic Research Cambridge: Cambridge University Press.
ECLA (Economic Commission for Latin America) (1950). The Economic Development of Latin America and its Principal Problems. New York: United Nations.
Gallaher and Shafaeddin,2010). Policies for Industrial Learning in China and Mexico; Technology in Society, ………. Gallagher, K. and Zarsky, L. (2007). The Enclave Economy: Foreign Investment and Sustainable Development in Mexico’s Silicon Valley. Cambridge, MA: MIT Press.
Greenaway, D. and Milner, C. (1990). “South-South Trade, Theory, Evidence and Policy.” The World Bank Research Observer (5)1: 47-68.
Haltmaier, J.T. et al. (2007). “The Role of China in Asia: Engine, Conduit or Steamroller.“ Washington, DC: Federal Reserve System.
Hirschman, A.O. (1958). The Strategy of Economic Development. New Haven, CT: Yale University Press.
Hirschman, A.O. (1968). National Power and the Structure of Foreign Trade. Berkeley: University of California Press.
Kaldor, N. (1972). “The Irrelevance of Equilibrium Economics.” Economic Journal, 8 (338): 1237–55.
Kawai, M. and Wignaraja, G. (2007). “ASEAN+3 or ASEAN+6: Which Way Forward?” Paper presented at the Conference on Multilateralizing Regionalism, sponsored and organized by World Trade Organization (WTO)-Graduate Institute of International Studies (HEI) and co-organized by the Centre for Economic Policy Research at WTO, Geneva, 10 September, 2007.
Kowaski, P. and Shepherd, B. (2006). “South-South Trade in Goods.” OECD Trade Policy Working Papers, No. 40. Paris: Organisation for Economic Cooperation and Development.
Lall, S. (2004). “Reinventing Industrial Strategy: The Role of Government Policy in Building Industrial Competitiveness.” UNCTAD, G-24 Discussion Papers no. 28. Geneva: United Nations.
List, F. (1856). The National System of Political Economy (translated into English by Malhotra, K. (2006). “National Trade and Development Strategies: Suggested Policy Direction.” Background paper prepared for the 2006 UNDP Human Development Report: Trade on Human Terms: Transforming Trade for Human Development in Asia and the Pacific. New York, United Nations Development Programme.
Moen, J. (1998), Trade and Development: Is South-South Cooperation a Feasible Strategy?, Paper Series 21. Bergen, Norway: Norwegian School of Economics and Business Administration.
Myrdal, G. (1971). Asian Drama: An Inquiry into the Poverty of Nations. London: Penguine Books.
Myint, H. (1958). “The Classical Theory of International Trade and Underdeveloped Countries.” Economic Journal, 68. Reprinted in Livingstone, I. (1971). Economic Policy for Development. London, Penguin Books.
Ng, F. and Yeats, A. (2003). “Major Trade Trends in East Asia: What Are Their Implications for Regional Cooperation and Growth?” World Bank Policy Research Paper, Working Paper Series no. 3084. Washington, DC: World Bank.
Oman, C. (1994). Globalization and Regionalization: The Challenge of Developing Countries. Paris: OECD. Foreign Investment, Development and globalization: Can Costa Rica Become Ireland? London, Palgrave.
Paus, E. (2005). Foreign Investment, Development and Globalization: Can Costa Rica Become Ireland? London, Palgrave.
Pizarro, J. and Shafaeddin, M. (2010)“The Evolution of Value Added in Assembly Operations; the Case of China and Mexico”, Journal of Chinese Economic and Business Studies, forthcoming, November 2010.
Prebisch, R. (1984). “Five Stages in My Thinking on Development,” in Mier, J.M. and Seers, D., (eds.). Pioneers in Development. Oxford: Oxford University Press.
Sarkar, P. and Singer, H.W. (1991). “Manufactured Exports of Developing Countries and Their Terms of Trade since 1965.” World Development (19) 4: 333–40.
Shafaeddin, M. (2005a). Trade Policy at the Crossroads: The Recent Experience of Developing Countries. Basingstoke and New York: Palgrave Macmillan.
Shafaeddin, M. (2005b). “Towards an Alternative Perspective on Trade and Industrial Policies.” Development and Change (36) 6: 1143–62.
Shafaeddin, M. (2005.c). “F. List and the Infant Industry Argument” In Jomo, K. S. (ed.), The Pioneetrs of Development Economics. New Delhi. Tulika Books and London and New York, Z Books.
Shafaeddin, M. (2006.a). “Is Industrial Policy Relevant in the 21st Century?” Keynote speech to the plenary session of the International Conference on New Approaches to Design of Development Policies, Beirut, 20-21 March, organized by the Arab Planning Institute (published by the same Institute as a monograph).
Shafaeddin, M.(2006.b). Does Trade Openness Favour or Hinder Industrialization and Development?, A text of a paper presented at the Technical Group Meeting of the International Group of Twenty-Four on International Monetary Affaires and Development (G24) in Geneva on 16-17 March 2006, Third World Network, , Geneva, Trade and Development Series, No. 31
Shafaeddin, M. (2008). South-South Regionalism and Trade cooperation in the Asia-Pacific Region, UNDP, Colombo, Regional Centre in Colombo.
Shafaeddin, M.(2009). Impact of the Global Economic Crisis on LDCs’ Productive Capacities and Trade prospects: Threats and opportunities. Report prepared for the South Centre and UNIDO. See http://ideas.repec.org/p/pra/mprapa/18788.html.
Shafaeddin, M. (2010.a). The Role of China in Regional South-South Trade in Asia-Pacific: Prospects for industrialization of the low-income countries. Paper presented to the Conference on “The future of trade relations in the global South; organized by Fredrick S. Pardee Cenre for the Study of Long-Range Future, Boston University, 23-4 September 2010.
Shafaeddin, M. (2010.b). Political Economy of WTO with Special Reference to NAMA Negotiations. European Journal of Development Research. 22.175-96 South Centre (1996). Enhancing South-South Trade. Geneva: South Centre.
Subramanian, A. and Tamirisa, N.T. (2001). Africa’s Trade Revisited. IMF Working Paper 01/33. Washington, DC: International Monetary Fund.
UNCTAD (1986). South-South Trade and Finance: Strengthening the Weakest Link. New York and Geneva: United Nations.
UNCTAD (2007a). Trade and Development Report, 2007. New York and Geneva: United Nations. Viner, J. (1950). “The Customs Union Issue.” Washington, DC: Carnegie Endowment for International Peace.
Wishwanath, T.C. (2007), “South-South Cooperation: A Business Perspective on India’s Engagement”, Presentation at the Expert Meeting on Participation of Developing countries in New and Dynamic Sectors of World Trade: the south-South Dimension, UNCTAD, Geneva, 16-17 October 2007 World Bank (2000). Trade Blocs. New York: Oxford University Press.
Young, A.R. (1928). “Increasing Return and Economic Progress.” The Economic Journal, December.