By Jim Slater
This quantity analyses the enterprise setting in East Asia near to exchange and funding flows in the area and among East Asia and Europe. targeting the two-way circulate of administration principles, funding and expertise, this research highlights the way each side can gain.
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Extra resources for Business Relationships with East Asia: The European Experience (Routledge Advances in Asiapacific Business, Vol 4)
Macro-economic stability also contributed to export growth particularly through the maintenance of competitive exchange rates. Import protection has combined tariffs, import quotas and other non-tariff barriers (NTBs). The liberalization of formal import quotas was largely accomplished in Japan by the early 1960s, in Taiwan by the early 1970s and in Korea in the mid-1980s. Other NTBs have been slower to disappear. Because of its sustained and large trade surpluses Japan has come under pressure over the last decade to improve access for imports through dismantling NTBs.
Helpful comments on an earlier draft have also been received from Dr Jim Slater and from David Greenaway. 2 The tendency for nominal tariffs to increase with the degree of processing of a product so that the effective protection on value-added on finished goods is understated by the nominal tariff. 3 The price-cost margin is defined as: PCM=(value-added-operative wage bill)/value-added and corresponds to the measure used by Hansson (1992) and Cony on and Machin (1989). 4 The five firm concentration ratio is used as a proxy for the Herfindahl index suggested by theory.
6 provides a different perspective in ranking imports from the East Asian countries according to their share of UK imports. 5 Top ten industries by value of UK imports from East Asian countries, 1991 (Standard Industrial Classification (SIC) 4 digit) Source: OECD, Commodity Trade Statistics for the UK, 1991. the performance of the East Asian countries in relation to other suppliers and is the basis for the empirical work presented below which applies the Buigues and Jacquemin approach to UK data.