Abstract
This paper examines the intra-industry trade of the four East Asian Newly Industrialized Countries (Hong Kong, Singapore, South Korea and Taiwan) with European markets, Japan and the United States over the period 1965–1990. Five hypotheses are tested: (1) the effects of product differentiation; (2) the presence of scale economies; (3) the broadening of economic bases as the country's GNP increases; (4) the influence of multinational corporations (MNCs); and (5) the income-similarity (Linder) Hypothesis. The paper notes the empirical relevance of Inter-Industry trade for NIC exports, and finds empirical support for several theoretical explanations of this phenomenon. ( JEL F14)
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