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Dynamics and Determinants of Fragmentation Trade Indian in Comparative and Long-term Perspective

By: Contributor(s): Material type: TextTextPublication details: Economic and Political Weekly; 2024Description: 39-49ISSN:
  • 00129976
Subject(s): Online resources: Summary: The dynamics and determinants of fragmentation trade in major Asian countries from 1962 to 2018 are examined, focusing on the role of network products within the global value chains. A sequential entry pattern into the network product export market is seen, with Japan as the forerunner, followed by other East and Southeast Asian countries. China experienced significant growth in the 1990s, following a wild geese flying pattern. An inverted V curve for export market participation is identified, with economies like Thailand and Vietnam currently on the upswing. India and Indonesia are yet to make substantial inroads. It is argued that concerns about low-wage countries being trapped in low-value tasks are unfounded. Liberalising trade policies and fostering a conducive environment for foreign direct investments are crucial for GVC integration. Additionally, improving logistical infrastructure and connectivity to lower transportation and communication costs is essential. 
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Article Index Article Index Dr VKRV Rao Library Vol. 59, No. 34 Not for loan AI524

The dynamics and determinants of fragmentation trade in major Asian countries from 1962 to 2018 are examined, focusing on the role of network products within the global value chains. A sequential entry pattern into the network product export market is seen, with Japan as the forerunner, followed by other East and Southeast Asian countries. China experienced significant growth in the 1990s, following a wild geese flying pattern. An inverted V curve for export market participation is identified, with economies like Thailand and Vietnam currently on the upswing. India and Indonesia are yet to make substantial inroads. It is argued that concerns about low-wage countries being trapped in low-value tasks are unfounded. Liberalising trade policies and fostering a conducive environment for foreign direct investments are crucial for GVC integration. Additionally, improving logistical infrastructure and connectivity to lower transportation and communication costs is essential. 

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