Keywords
deindustrialization
Asia-Pacific
new international division of labor
flying geese
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Abstract
This article examines the processes of industrialization and deindustrialization in East Asia, emphasizing the regional dynamics (the “flying geese” paradigm) following China’s rise. China’s exports primarily have affected countries outside the region. An analysis of industrial subsectors based on factor intensity shows that the region not only focuses on labor-intensive exports but is also instrumental in knowledge-intensive exports. The revealed comparative advantages index indicates that Vietnam is the only recently industrialized country with dynamics like China. In summary, China’s size not only positions it as a “goose” alongside the leader (Japan) and its followers (Korea and Taiwan), but may have set a ceiling on the scaling possibilities for its followers.
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