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Changing Economic Relations Between the Advanced Developing Countries and Resource-Exporting Developed Countries of the Pacific Basin

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  • 저자 Kym Anderson, Ben Smith
  • 발행일 1980/09/04
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요약 Four of the fastest-growing and most open developing
economies in the world at present-Korea, Taiwan, Hong Kong
and Singapore-are economies that are relatively poorly endowed
with natural(agricultural land and mineral)resources. This paper
looks at the implications of the rapid growth of these economies
for the nearby resource-exporting developed countries of
Australia, New Zealand and Canada and for economies relations
between these two country groups. It begin by extending
presently received theory of changing comparative advantage to
include more systematically the role of natural-resource
based(NRB)goods. It also discusses changing trade resistances as
they relate to various categories of NRB and manufactured
goods in the process of economic development. The second
section describes the evolving patterns of trade between these
two groups of Pacific basin countries to see how well trade
patterns conform with theoretical expectations. the data strongly
support the theory and highlight, among other things, the
intensifying patterns of trade in various types of primary
products and manufactures between these country groups. the
third section then looks closely at the important issue if
changing comparative advantage in minerals processing and its
implications for trade in both minerals and metals, particularly in
the light of rising energy prices. The paper concludes with a
discussion of likely future developments in economic relations
between the two country groups and the policy responses
necessary to facilitate those mutually-advantageous
developments.
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