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N° 2009-25 |
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| October 2009 |
| EU15 Trade with Emerging Economies and Rentier States: Leveraging Geography |
Guillaume Gaulier
Françoise Lemoine
Deniz Ünal |
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| 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 high-technology
and high-quality products. |
Non-technical summary  |
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Résumé
non-technique
en français |
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| Full text |
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| Trade; emerging economies; rentier states; European Union; export prices |
Keywords |
| F1; F14; F5 |
JEL classification |
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