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China is a success story of inclusive trade growth as a result of its participation in Global Value Chains (GVCs). It is in transition from a processing and assembly hub towards an innovation centre, and is becoming a regional supplier of research and development (R&D) intensive parts and...
Persistent link: https://www.econbiz.de/10011797455
While developing Asia has used fragmentation and industrial agglomeration as leverage to create impetus for sustaining its competitiveness, the downside risks of just-in-time procurement and production have not been sufficiently emphasized. Based on the experience of Thailand's flooding in 2011,...
Persistent link: https://www.econbiz.de/10009535775
This paper examines trade integration of East Asian countries through the lens of global value chains (GVCs). It first gauges the extent and involvement of trade in value-added (TiVA) for East Asian countries. The analysis confirms that reliance on backward GVC participation outside of the...
Persistent link: https://www.econbiz.de/10012433374
The coronavirus disease (COVID-19) pandemic has highlighted the crucial role of vaccines in public health management and economic recovery. Its worldwide impact has raised national security concerns and implications on health policies, particularly on Asia Pacific countries' readiness to cope...
Persistent link: https://www.econbiz.de/10013417555