The Impact of COVID-19 and the USChina Confrontation on East Asian Production Networks

研究成果: Article査読

2 被引用数 (Scopus)

抄録

International production networks (IPNs) in East Asia are facing two challenges, i.e., COVID-19 and the US-China confrontation. COVID-19 has generated three kinds of shocks on IPNs: negative supply shocks, positive demand shocks, and negative demand shocks. IPNs have adequately managed these shocks thus far and have been strengthening the relative position of Factory Asia in the world. Nevertheless, the US-China confrontation and its consequences of weakening the rule-based trading regime have enhanced uncertainties in the operations of IPNs. The decoupling pressure may come from either the US or China for middle powers in-between, even with the US Biden Administration. This study posits that the construction of a mega-free trade agreement (FTA) network may partially reduce policy risks and help form a pro-trade middle-power coalition.

本文言語English
ページ(範囲)27-41
ページ数15
ジャーナルSeoul Journal of Economics
34
1
DOI
出版ステータスPublished - 2021

ASJC Scopus subject areas

  • 経済学、計量経済学および金融学(全般)

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