Development of refining and petrochemical industries in East Asia: An interpretation based on the Flying Geese Paradigm |
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Authors: | Clara García Enrique Palazuelos |
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Affiliation: | Department of Applied Economics I, Complutense University of Madrid, , Madrid, 28223 Spain |
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Abstract: | Several East Asian countries, with scarcely any crude oil, have developed since the second half of the twentieth century strong production capacities in refining and petrochemicals. This has been the case in Japan, Taiwan, Singapore, South Korea, Malaysia, Thailand, Indonesia and China. This paper assesses whether the development of refining and petrochemical industries in these countries may be better understood with the aid of one of the major interpretative paradigms of structural change and foreign relations in East Asia: the Flying Geese Paradigm. The article concludes that, overall, the production and external relations in oil‐related industries do indeed follow a Flying Geese Paradigm pattern. We observe, nevertheless, some dissonances that are attributable to the particularities of intermediate sectors (such as refining and basic petrochemistry). |
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Keywords: | East Asia Flying Geese Paradigm petrochemicals refining structural change |
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