Abstract and Keywords
Asia has been a historic core of world trade for centuries, and is expected to dominate many aspects of world trade into the twenty-first century. Moreover, Asia’s trade-driven development has mirrored broader changes in the global economy and the nature of international economic relations and business. The chapter examines the key drivers that have shaped Asia’s trade over the recent decades, and how the nature of this trade has changed. It also considers how deepening regionalized trade patterns in Asia fit within a global trade system increasingly determined by the contours of transnational business, explores the main tensions in Asian trade, and examines how Asian countries have engaged in various bilateral, regional, and global trade agreements. It concludes with a discussion of key emerging issues in Asia’s trade, and how these may play out in the foreseeable future.
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