Characterizing Regionalism in Asia: A Modern Global Supply Chain Perspective

Publication | September 2022

This paper quantifies economic interdependence among Asian economies and between Asia and the rest of the world using a modern global value chain decomposition framework.

It shows that global value chain linkages in value-added terms across economies have grown faster than value-added linkages through final goods trade. Stronger value-added linkages between two economies tends to make it more likely for the pair to have membership in the Regional Comprehensive Economic Partnership or Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

Contents 

  • Introduction
  • Institutional Background: New Regionalism in Asia
  • Conceptual Background: Modern Value-Added Based Measures of Economic Interdependence
  • A New Look at the RCEP and the CPTPP: The GVC Perspective
  • "Near Sourcing" and "Near Selling"
  • Conclusion

Additional Details

Authors
Type
Series
Subjects
  • Economics
  • Industry and trade
  • Regional cooperation and integration
Pages
  • 48
Dimensions
  • 8.5 x 11
SKU
  • WPS220377-2
ISSN
  • 2313-6537 (print)
  • 2313-6545 (electronic)

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