GVC Reconfiguration: Risks and Opportunities for ASEAN Members

Author:   Sithanonxay Suvannaphakdy ,  Pham Thi Phuong Thao
Publisher:   ISEAS
ISBN:  

9789815104110


Pages:   84
Publication Date:   01 February 2023
Format:   Paperback
Availability:   In Print   Availability explained
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GVC Reconfiguration: Risks and Opportunities for ASEAN Members


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Overview

The COVID-19 pandemic, geopolitical tensions and US-China trade disputes, and the Russia-Ukraine war have increased the risk of global value chain (GVC) disruptions and forced firms to strengthen resilience in their supply chains and operations. MNCs have diversified suppliers, established new production sites, and shifted production closer to consumers. ASEAN countries are becoming increasingly attractive destinations for foreign investors. This paper gauges the position of ASEAN in GVCs and assesses the risks and opportunities of GVC reconfiguration for ASEAN countries. ASEAN countries are increasing their participation in GVCs and raising domestic value-added. The relocation of production sites from China to ASEAN countries could enhance their participation in GVCs. Should MNCs increase the concentration of supplier and buyer markets, ASEAN countries could become more vulnerable to external shocks.

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Author:   Sithanonxay Suvannaphakdy ,  Pham Thi Phuong Thao
Publisher:   ISEAS
Imprint:   ISEAS
ISBN:  

9789815104110


ISBN 10:   981510411
Pages:   84
Publication Date:   01 February 2023
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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Sithanonxay Suvannaphakdy is Lead Researcher at the ASEAN Studies Centre, ISEAS – Yusof Ishak Institute, Singapore. Pham Thi Phuong Thao is Senior Research Officer at the ASEAN Studies Centre, ISEAS – Yusof Ishak Institute, Singapore.

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