Description
Book SynopsisNew measures have opened up insights into the extent and complexity of global production networks. The chapters in this timely book deploy new tools to understand how global value chains change the nature of global economic interdependence, and to assess how that in turn changes our understanding of policies in this new environment.
The authors bring to bear a wide variety of methodological tools and data, and perspectives ranging from the firm-level micro economy to the global macro economy. The book has two broad themes. The first is national economies' heightened exposure to adverse shocks (natural disasters, political disputes, recessions) elsewhere in the world as a result of greater integration and interdependence. The second theme is focused on the evolution of global value chains at the firm level and how this will affect competitiveness in Asia. It also traces the past and future development of production sharing in Asia.
Employing an array of the latest methods and data to study global value chains, the book will prove a valuable resource for international organizations and regional bodies who have an active interest in anything related to global supply chain analysis. Researchers, academics and students in the fields of international trade and economics will also find its assessment of the evolution of global value chains at the firm level, and how this affects competitiveness in Asia, to be an insightful guide.
Contributors: R.Baldwin, M. Chinn, H.Escaith, B.Ferrarini, R.Forslid, T.W. Hertel, D.Hummels, A.Levchenko, A.C. Ma, L.Puzzello, D.L. Swenson, P.A. Raschky, A.Van Assche, T.L. Walmsley, J.Zhang
Trade Review‘The strengths of the edited volume arc aplenty, particularly on the methodological front where the contributors explore different approaches and models to better measure and investigate the implications of GVCs. The focus on Asia also provides a unique perspective into a region that is witness to the rapid growth or GVCs, where the accelerated participation and expansion or GVCs will surely alter the trajectory of the Asian and global economy.’ -- Journal of Southeast Asian Economies
Table of ContentsContents Foreword 1. Asia and Global Production Networks— Implications for Trade, Incomes and Economic Vulnerability Benno Ferrarini and David Hummels 2. Developing a GTAP-Based Multi-Region, Input-Output Framework for Supply Chain Analysis Terrie L. Walmsley, Thomas Hertel, and David Hummels 3. The Vulnerability of the Asian Supply Chain to Localized Disasters Thomas Hertel, David Hummels and Terrie L. Walmsley 4. Global Supply Chains and Natural Disasters: Implications for International Trade Laura Puzzello and Paul Raschky 5. Vertical Specialization, Tariff Shirking and Trade Alyson C. Ma and Ari Van Assche 6. Changes in the Production Stage Position of People’s Republic of China Trade Deborah Swenson 7. External Rebalancing, Structural Adjustment, and Real Exchange Rates in Developing Asia Andrei Levchenko and Jing Zhang 8. Global Supply Chains and Macroeconomic Relationships in Asia Menzie Chinn 9. Mapping Global Value Chains and Measuring Trade in Tasks Hubert Escaith 10. The Development and Future of Factory Asia Richard Baldwin and Rikard Forslid Index
