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Is the COVID-19 Pandemic Recasting Global Value Chains in East Asia?

Author

Listed:
  • Nobuaki Yamashita

    (Australian National University, Keio University, and Royal Melbourne Institute of Technology)

  • Kiichiro Fukasaku

    (Organisation for Economic Co-operation and Development)

Abstract

This paper assesses how the current COVID-19 pandemic is shaping global value chains in East Asia after the formidable disruptions inflicted by the health crisis. Some have expressed the view that global value chains would readjust and production processes would move home, i.e. reshoring, facilitated by the recent movement of protectionism measures in the post-pandemic world. We evaluate such concerns and examine the role of policy with a focus on non-tariff measures in East Asia.

Suggested Citation

  • Nobuaki Yamashita & Kiichiro Fukasaku, 2021. "Is the COVID-19 Pandemic Recasting Global Value Chains in East Asia?," Working Papers DP-2021-19, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:dp-2021-19
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    References listed on IDEAS

    as
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    3. Prema-chandra Athukorala, 2017. "Global Productions Sharing and Local Entrepreneurship in Developing Countries: Evidence from Penang Export Hub, Malaysia," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 4(2), pages 180-194, May.
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    5. Fukunari Kimura & Shandre Mugan Thangavelu & Dionisius Narjoko & Christopher Findlay, 2020. "Pandemic (COVID‐19) Policy, Regional Cooperation and the Emerging Global Production Network†," Asian Economic Journal, East Asian Economic Association, vol. 34(1), pages 3-27, March.
    6. Nobuaki Yamashita, 2010. "International Fragmentation of Production," Books, Edward Elgar Publishing, number 13615.
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    9. Lili Yan Ing & Ralf Peters & Olivier Cadot, 2019. "Regional Integration and NTM in ASEAN," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 2019-regional_integration, July.
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    Cited by:

    1. Shigeru Kimura & Ikarii Ryohei & Endo Seiya, 2021. "Impacts of COVID-19 on the Energy Demand Situation of East Asia Summit Countries," Working Papers DP-2021-22, Economic Research Institute for ASEAN and East Asia (ERIA).
    2. Christopher Findlay & Hein Roelfsema & Niall Van De Wouw, 2021. "Feeling the Pulse of Global Value Chains: Air Cargo and COVID-19," Working Papers DP-2021-23, Economic Research Institute for ASEAN and East Asia (ERIA).
    3. Sarah Y Tong & Yao Li & Tuan Yuen Kong, 2021. "Exploring Digital Economic Agreements to Promote Digital Connectivity in ASEAN," Working Papers DP-2021-24, Economic Research Institute for ASEAN and East Asia (ERIA).

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    More about this item

    Keywords

    COVID-19; pandemic; global value chains (GVCs); Non-tariff measures (NTMs); East Asian countries;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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