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The Trilateral Trade Relation among the Asian NIEs, the U.S., and Japan

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  • The Trilateral Trade Relation among the Asian NIEs, the U.S., and Japan
  • Yoo, Jungho유정호
  • Korea Development Institute
Contents

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Title The Trilateral Trade Relation among the Asian NIEs, the U.S., and Japan
Similar Titles
Material Type Reports
Author(English)

Yoo, Jungho

Author(Korean)

유정호

Publisher

Seoul:Korea Development Institute

Date 1990
Pages 61
Language English
File Type Link
Subject Economy < Trade
Holding Korea Development Institute

Abstract

During the 1965-88 period the export and import dependencies increased a great deal for the ANIEs and the US but little for Japan.
During the period under study, the ANIEs and the US became more integrated with each other. The ANIEs became more dependent on the US markets for their exports while their import dependencies on the US did not increase as much. The same development meant that the Us's import dependency on the ANIEs increased much more than its export dependency on the ANIEs.
The most important reason for the increased interdependence between the ANIEs and the US was the rapid rise in the ANIE's GNP, a proxy for the supply capacity. This factor was predominantly responsible for the growth of the ANIE's exports to the US, as Section IV has shown. In turn, the supply capacity could produce a rapid export growth because access to the US markets was relatively unrestricted. The ANIE's GNP also played a very important role on the demand side as a determinant of ANIEs' imports of US goods. In fact, the rapid rise in the ANIEs' GNP was nearly the only reason why US exports to the ANIEs grew.