Growth in Densely Populated Asia: Implications for Primary Product Exporters

Kym Anderson*, Anna Strutt

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

Economic growth and integration in Asia is rapidly increasing the global economic importance of the region. To the extent that this growth continues and is strongest in natural resource-poor Asian economies, it will add to global demand for imports of primary products, to the benefit of (especially nearby) resource-abundant countries. How will global production, consumption and trade patterns change by 2030 in the course of such economic developments and structural changes? We address this question using the GTAP model and Version 8.1 of the 2007 GTAP database, together with supplementary data from a range of sources, to support projections of the global economy from 2007 to 2030 under various scenarios. Factor endowments and real gross domestic product are assumed to grow at exogenous rates, and trade-related policies are kept unchanged to generate a core baseline, which is compared with an alternative slower growth scenario. We also consider the impact of several policy changes aimed at increasing China's agricultural self-sufficiency relative to the 2030 baseline. Policy implications for countries of the Asia-Pacific region are drawn out in the final section.

Original languageEnglish
Pages (from-to)112-126
Number of pages15
JournalAsia and the Pacific Policy Studies
Volume1
Issue number1
DOIs
Publication statusPublished - Jan 2014
Externally publishedYes

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