Analysis On Evolution And Trend Of East Asia Merchandise Trade Structure Atfer Global Financial Cirsis

The global financial crisis in2008, like a hurricane swept through East Asia.TheEast Asian’s financial system was impacted brightly, However, Because the defects of theEast Asian trade structure and vertical integration of the industry chain, made the eastAsian economies,among them a likely be ruined. The real economy of East Asia waswidely involved and then they found they had never decoupling in the global economy.The pride of the "East Asian Miracle"-from the rise of "NIEs" in a poverty-stricken,to the emerging economies that made full use of resource endowments and comparativeadvantages to participate in the international division of labor. The East Asianmodel,Government-led, market-driven, relying on trade to achieve economic growth, hadvaguely walked two paths-"Goose-mode" and the East Asian production network. Thatis, say, the two trade forms are full advantage of its own population, technology, scaleand comparative advantage, but the latter emphasized the importance of the division oflabor specialization and vertical division of labor than the former, inter-industry tradetranslated into intra-industry even products trade. The formation of the East Asianproduction network is based on a wide range of vertical division of labor in the EastAsian countries.This paper investigated the changes in the structure of trade in East Asia before andafter the global financial crisis, the main purpose is to study the structure of the newchanges and developments direction of regional trade in East Asia. By exploring theefforts made by countries in East Asia after the financial crisis, including fiscal policy,trade policy and monetary policy in order to quickly come out from the shadow of thefinancial crisis, East Asian countries have to organize co-ordination of national policiesand regional policy. TCI and TII are used to analysis quantitatively changes in theregional trade in East Asia before and after the financial crisis. Focusing on East Asianregional trade structure adjustment direction, specifically, to achieve a rebalancing of twolevels, one is to achieve rebalance of product structure and regional structure inner theregion, and the second rebalance-the strengthening of South-South cooperation, thusachieving sustainable and balanced trade and economic growth.