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Asia and Global Production Networks

Implications for Trade, Incomes and Economic Vulnerability Edited by Benno Ferrarini, Senior Economist, Economics and Research Department, Asian Development Bank, Philippines and David Hummels, Professor of Economics, Department of Economics, Purdue University and Research Associate, National Bureau of Economic Research, US
This timely book deploys new tools and measures to understand how global production networks change the nature of global economic interdependence, and how that in turn changes our understanding of which policies are appropriate in this new environment. Bringing to bear an array of the latest methods and data to study global value chains, this unique book assesses the evolution of global value chains at the firm level, and how this affects competitiveness in Asia.
In Association with the Asian Development Bank
Extent: 392 pp
Hardback Price: $154.00 Web: $138.60
Publication Date: 2014
ISBN: 978 1 78347 208 6
Availability: In Stock
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  • Asian Studies
  • Asian Development
  • Asian Economics
  • Development Studies
  • Asian Development
  • Development Economics
  • Development Studies
  • Economics and Finance
  • Asian Economics
  • International Economics
New 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.

‘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
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
Contents

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