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

Nobuaki Yamashita and Kiichiro Fukasaku
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Kiichiro Fukasaku: Organisation for Economic Co-operation and Development

No DP-2021-19, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)

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.

Keywords: COVID-19; pandemic; global value chains (GVCs); Non-tariff measures (NTMs); East Asian countries (search for similar items in EconPapers)
JEL-codes: F14 F15 (search for similar items in EconPapers)
Date: 2021-07-06
New Economics Papers: this item is included in nep-int, nep-isf and nep-sea
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Citations: View citations in EconPapers (3)

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