Ebook84 pages1 hour
GVC Reconfiguration: GVC Reconfiguration
Rating: 0 out of 5 stars
()
About this ebook
The COVID-19 pandemic, geopolitical tensions and US-China trade disputes, and the Russia-Ukraine war have increased the risk of global value chain (GVC) disruptions and forced firms to strengthen resilience in their supply chains and operations.
MNCs have diversified suppliers, established new production sites, and shifted production closer to consumers. ASEAN countries are becoming increasingly attractive destinations for foreign investors.
This paper gauges the position of ASEAN in GVCs and assesses the risks and opportunities of GVC reconfiguration for ASEAN countries. ASEAN countries are increasing their participation in GVCs and raising domestic value-added. The relocation of production sites from China to ASEAN countries could enhance their participation in GVCs. Should MNCs increase the concentration of supplier and buyer markets, ASEAN countries could become more vulnerable to external shocks.
In addition, this paper assesses the risk of thirty-five sectors of GVCs in ASEAN countries using value-added trade data from ADB’s multi-region input-output tables (MRIO).
Brunei, Cambodia, Indonesia, Laos, the Philippines and Thailand face significant risks of both supplier and buyer market concentrations. The remaining ASEAN countries face the risk of either supplier market concentration or buyer market concentration.
Any restrictions on the use of intermediate inputs from the US or China to manufacture goods in ASEAN can cause substantial disruption to ASEAN GVCs. The upstream and downstream GVCs in ASEAN countries are dominated by the US, China and Japan.
Extraregional trade integration could be enhanced by linking keysuppliers and buyers in China, the US, and Japan to producers inASEAN countries.
Trade policy measures to strengthen ASEAN GVCs should focus on a faster release of perishable goods and intermediate inputs at border checkpoints, accelerating the cross-border paperless trade reforms, promoting the utilization of rules of origins under RCEP, streamlining non-tariff measures, and digitalizing ASEAN GVCs.
MNCs have diversified suppliers, established new production sites, and shifted production closer to consumers. ASEAN countries are becoming increasingly attractive destinations for foreign investors.
This paper gauges the position of ASEAN in GVCs and assesses the risks and opportunities of GVC reconfiguration for ASEAN countries. ASEAN countries are increasing their participation in GVCs and raising domestic value-added. The relocation of production sites from China to ASEAN countries could enhance their participation in GVCs. Should MNCs increase the concentration of supplier and buyer markets, ASEAN countries could become more vulnerable to external shocks.
In addition, this paper assesses the risk of thirty-five sectors of GVCs in ASEAN countries using value-added trade data from ADB’s multi-region input-output tables (MRIO).
Brunei, Cambodia, Indonesia, Laos, the Philippines and Thailand face significant risks of both supplier and buyer market concentrations. The remaining ASEAN countries face the risk of either supplier market concentration or buyer market concentration.
Any restrictions on the use of intermediate inputs from the US or China to manufacture goods in ASEAN can cause substantial disruption to ASEAN GVCs. The upstream and downstream GVCs in ASEAN countries are dominated by the US, China and Japan.
Extraregional trade integration could be enhanced by linking keysuppliers and buyers in China, the US, and Japan to producers inASEAN countries.
Trade policy measures to strengthen ASEAN GVCs should focus on a faster release of perishable goods and intermediate inputs at border checkpoints, accelerating the cross-border paperless trade reforms, promoting the utilization of rules of origins under RCEP, streamlining non-tariff measures, and digitalizing ASEAN GVCs.
Related to GVC Reconfiguration
Related ebooks
Assessing the Benefits of the ASEAN+6 Single Window for ASEAN Members Rating: 0 out of 5 stars0 ratingsThe EU’s Carbon Border Adjustment Mechanism (CBAM): Implications for ASEAN-EU Relations Rating: 0 out of 5 stars0 ratingsFrom Declaration to Code: Continuity and Change in China’s Engagement with ASEAN on the South China Sea Rating: 0 out of 5 stars0 ratingsThe Indonesia National Survey Project 2022: Engaging with Developments in the Political, Economic and Social Spheres Rating: 0 out of 5 stars0 ratingsCan Malaysia Eliminate Forced Labour by 2030? Rating: 0 out of 5 stars0 ratingsGaps and Opportunities in ASEAN’s Climate Governance Rating: 0 out of 5 stars0 ratingsVietnam-China Agricultural Trade: Huge Growth and Challenges Rating: 0 out of 5 stars0 ratingsFinancial Technology Adoption in Greater Jakarta: Patterns, Constraints and Enablers Rating: 0 out of 5 stars0 ratingsNon-State Chinese Actors and Their Impact on Relations between China and Mainland Southeast Asia Rating: 0 out of 5 stars0 ratingsVietnam’s Industrialization Ambitions: The Case of Vingroup and the Automotive Industry Rating: 0 out of 5 stars0 ratingsTides of Insecurity: Vietnam and the Growing Challenge from Non-traditional Maritime Threats Rating: 0 out of 5 stars0 ratingsThailand’s Economic Dilemmas in Post-Pandemic Asia Rating: 0 out of 5 stars0 ratingsExploring the Trade Potential of the DFTZ for Malaysian SMEs Rating: 0 out of 5 stars0 ratingsFree and Open Indo-Pacific Strategy Outlook Rating: 0 out of 5 stars0 ratingsGlobal Economic Uncertainties and Southeast Asian Economies Rating: 0 out of 5 stars0 ratingsThe ASEAN Economic Community and Beyond: Myths and Realities Rating: 0 out of 5 stars0 ratingsRhizome vs Regime: Southeast Asia’s Digitally Mediated Youth Movements Rating: 0 out of 5 stars0 ratingsThe Vietnam-US Security Partnership and the Rules-Based International Order in the Age of Trump: Implications for ASEAN-EU Relations Rating: 0 out of 5 stars0 ratingsHow Will Shifts in American Foreign Policy Affect Southeast Asia? Rating: 0 out of 5 stars0 ratingsUnderstanding and Reducing Methane Emissions in Southeast Asia Rating: 0 out of 5 stars0 ratingsNarrowing the Development Gap: Follow-Up Monitor of the ASEAN Framework for Equitable Economic Development Rating: 0 out of 5 stars0 ratingsRenewable Energy: Malaysia’s Climate Change Solution or Placebo? Rating: 0 out of 5 stars0 ratingsThe Indo-Pacific and Its Strategic Challenges: An Australian Perspective Rating: 0 out of 5 stars0 ratingsQuality, Equity, Autonomy: Malaysia’s Education Reforms Examined Rating: 0 out of 5 stars0 ratingsCyber Troops, Online Manipulation of Public Opinion and Co-optation of Indonesia’s Cybersphere Rating: 0 out of 5 stars0 ratingsConsuming Digital Disinformation: How Filipinos Engage with Racist and Historically Distorted Online Political Content Rating: 0 out of 5 stars0 ratingsToward Optimal Provision of Regional Public Goods in Asia and the Pacific: Conference Highlights Rating: 0 out of 5 stars0 ratingsParty Mergers in Myanmar: A New Development Rating: 0 out of 5 stars0 ratingsDeveloping Eastern Johor: The Pengerang Integrated Petroleum Complex Rating: 0 out of 5 stars0 ratings
Economics For You
Divergent Mind: Thriving in a World That Wasn't Designed for You Rating: 4 out of 5 stars4/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Economics For Dummies, 3rd Edition Rating: 5 out of 5 stars5/5Wise as Fu*k: Simple Truths to Guide You Through the Sh*tstorms of Life Rating: 4 out of 5 stars4/5Quiet Leadership: Six Steps to Transforming Performance at Work Rating: 4 out of 5 stars4/5Economics 101: From Consumer Behavior to Competitive Markets--Everything You Need to Know About Economics Rating: 4 out of 5 stars4/5Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5You Can't Lie to Me: The Revolutionary Program to Supercharge Your Inner Lie Detector and Get to the Truth Rating: 4 out of 5 stars4/5Sex Trafficking: Inside the Business of Modern Slavery Rating: 4 out of 5 stars4/5A History of Central Banking and the Enslavement of Mankind Rating: 5 out of 5 stars5/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 4 out of 5 stars4/5Capital in the Twenty-First Century Rating: 4 out of 5 stars4/5Economix: How and Why Our Economy Works (and Doesn't Work), in Words and Pictures Rating: 4 out of 5 stars4/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5The Hard Truth About Soft Skills: Soft Skills for Succeeding in a Hard Wor Rating: 3 out of 5 stars3/5How to Be Everything: A Guide for Those Who (Still) Don't Know What They Want to Be When They Grow Up Rating: 4 out of 5 stars4/5Talking to My Daughter About the Economy: or, How Capitalism Works--and How It Fails Rating: 4 out of 5 stars4/5Recession-Proof Real Estate Investing: How to Survive (and Thrive!) During Any Phase of the Economic Cycle Rating: 5 out of 5 stars5/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5The Spirit Level: Why Greater Equality Makes Societies Stronger Rating: 4 out of 5 stars4/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5Chip War: The Fight for the World's Most Critical Technology Rating: 4 out of 5 stars4/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 4 out of 5 stars4/5Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5
Reviews for GVC Reconfiguration
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
GVC Reconfiguration - Sithanonxay Suvannaphakdy
Enjoying the preview?
Page 1 of 1