1. EVOLVING PATTERNS OF TRADE IN ASIA.
- Author
-
Wong, Perry, Tong Li, and Song-yi Kim
- Subjects
INTERNATIONAL trade ,FINANCIAL crises ,ECONOMIC trends ,LABOR costs ,URBANIZATION ,COMMERCE - Abstract
The article discusses the new normal of trade patterns in Asia following the financial crisis, focusing particularly on China's structural changes and challenges and opportunities represented by these changes. Topics discussed include the role of demographics in Asia's growth trends, increased unit labor costs in China as China approaches the turning point in its urbanization process and a change in the trade landscape in the next decade as China experiences an economic transition.
- Published
- 2013