Globalization of supply chains, or the 2nd generation of globalization, has progressed in East Asia and the Pacific since the mid-1980s. Based on the two-dimensional fragmentation model developed by Fukunari Kimura and Mitsuyo Ando, this paper traces the evolution of global supply chains in the...

pt. 1. Introduction -- pt. 2. Globalization and the prospects for integration -- pt. 3. Macroeconomic coordination and financial market integration -- pt. 4. Globalization, immigration and labor market issues

Developing East Asia is battling the forces of global recession. The impact of the crisis in the advanced countries was transmitted to the economies of the region with unusual speed. In the region, the initial global financial turbulence was marked by sudden reversals of capital flows in the...