Download or read book International Production Sharing and Exchange Rates of Asian Countries written by United Nations Economic and Social Commission for Asia and the Pacific and published by United Nations. This book was released on 2016-07-05 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent years has seen a sharp increase in the trade of intermediate goods between ASEAN countries and China, reflecting the emergence of China as a regional “assembly centre” and sourcing the bulk of parts and components from countries in South-East and North-East Asia in the production of final goods for export to the United States and the European Union. This expansion of trade in intermediates is closely linked to the spread of international production networks (IPNs) in Asia. The expansion raises important new analytical and policy challenges generating rapidly growing literature. This study focuses on how new patterns of production and trade influence the effects of exchange rates on international trade flows of manufactured goods, and draws attention to several ways in which IPNs have altered the nature of international production and trade.