TY - CEPII
A1 - Guillaume Gaulier
A1 - Françoise Lemoine
A1 - Deniz Ünal
TI - EU15 Trade with Emerging Economies and Rentier States: Leveraging Geography
IS - 2009-25
T3 - Working Papers
KW - TRADE
KW - EMERGING ECONOMIES
KW - RENTIER STATES
KW - EUROPEAN UNION
KW - EXPORT PRICES
N2 - During the past ten years, the emerging economies, exporters of manufactured products or services, and the rentier states, exporters of primary products, have eroded the dominant position of the developed countries in world markets. The EU15 has lost less ground than the US or Japan. The EU15 has taken advantage of its geographical location to enhance its exports to the emerging and rentier countries located in Europe & Periphery. Regional integration has also favoured the upgrading of the EU15 imports from its emerging neighbours. The EU15 trade with emerging markets in Asia have strengthened the latter’s specialisation in high-technology products at low price, and the EU15 specialisation in hightechnology and high-quality products.
ER -