Asia's Role in the New United States Export Economy

Date: February 2011
Type: Papers and Briefs
Country:
Subject:
Economics
Series: Economics Working Papers
ISSN: 1655-5252 (print)

Description

This paper examines the composition and prospects for growth of net exports of the United States (US) to the world and to developing Asia.  They find that much of the apparent shift in export product shares was a result of the worldwide collapse in demand for high-technology products, particularly new aircraft and information technology products. Nonetheless, India, ASEAN-10, and the newly industrialized economies are destinations for US high-technology products to an even greater extent than for the world as a whole. In contrast, the People's Republic of China tends to import a lower portion of high-technology products but a larger share of agriculture-related and raw materials and energy products than the world as a whole.

Contents

  • Abstract
  • Introduction
  • Data on and Competitiveness of US Products
  • Correlation Analysis of US Real Net Exports
  • Trends in US Real Net Exports by Factor Intensity
  • Conclusion
  • Appendix
  • References