Post–COVID-19 Reconfiguration of the Global Value Chains and China

Hanming Fang and Bernard Yeung

Chapter 21 in Impact of COVID-19 on Asian Economies and Policy Responses, 2021, pp 151-156 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The iPhone was designed at Apple’s headquarters in Cupertino, California, but its parts were made by suppliers in 43 countries and six continents via an incredibly complex supply chain. The global supply chain is the epitome of the intensive drive for efficiency, necessitated by fierce global competition. China emerged as the center of the global supply chain and the de facto “factory of the world” after it joined the World Trade Organization in 2001…

Keywords: COVID-19; Pandemic; Coronavirus; Lockdowns; Supply Shock; Demand Shock; Financial Distress; Global Value Chain; Global Supply Chains; Public Policy; International Trade; Debt; Post-COVID-19; Liquidity Crisis; International Trade; Policy Response; Policy Uncertainty; Public Health; Big Data; Pandemic Dilemma (search for similar items in EconPapers)
JEL-codes: F02 F4 H12 I15 I18 (search for similar items in EconPapers)
Date: 2021
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