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Metals demand in the Pacific Rim countries of Asia
Author(s) -
Tilton John E.
Publication year - 1989
Publication title -
natural resources forum
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.646
H-Index - 49
eISSN - 1477-8947
pISSN - 0165-0203
DOI - 10.1111/j.1477-8947.1989.tb00334.x
Subject(s) - consumption (sociology) , world war ii , pacific rim , developed country , asia pacific , international trade , first world war , developing country , economics , international economics , development economics , geography , economic growth , ancient history , demography , social science , population , archaeology , sociology , history
In the early years after World War II the developed countries, and in particular the USA, acounted for a large portion of world metal consumption. Since that time a shift in consumption has occurred favouring the industrialized states of Western Europe, the centrally planned economies of Eastern Europe, and more recently Japan and the other Pacific Rim countries of Asia (PRA). After assessing the magnitude of the shift in metal consumption toward the PRA countries, this paper focuses on differences in economic growth, the nature of trade, and other factors responsible. Finally, the implications of the shift are considered for the nature of metal trade, the competitiveness of metal exporting countries, the structure of international metal markets, and the future availability of metal supplies.