Regional Integration and Intra-Industry Trade of Engineering Products

365
DOI: 10.20542/0131-2227-2012-2-38-49

V. Sokolov, The Central Bank of the Russian Federation, 12, Neglinnaya Str., Moscow, 107016, Russian Federation (svv7@crb.ru).

Abstract. In a modern world, the national economy plays a double role – of a sustainment mechanism for the population living within the appropriate territory, and of a link in the global value chain. The international labor division may be regarded as a labor division between nation-states. At the same time, the national economy is an open system where the exchange of goods, services, capitals and work force with external world happens to a greater or lesser degree, and which cannot exist without such exchange. The engineering industry has the greatest potential of the intra-industry division of labor. The engineering industry external commercial relations of three countries – the USA, Germany and China – are taken into investigation in the article. 

Keywords: geo-economics, world economy, international division of labor, business analysis, product-cost analysis, production chains, integration, flow-formative effect, diverter effect, intra-industry trade, engineering industry, Grubel–Lloyd indexes


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For citation:
Sokolov V. Regional Integration and Intra-Industry Trade of Engineering Products. World Eonomy and International Relations, 2012, no. 2, pp. 38-49. https://doi.org/10.20542/0131-2227-2012-2-38-49



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