Global value chains (GVCS) in East Asia during the COVID-19 pandemic – the perspective of Japan Cover Image

Globalne łańcuchy wartości (GŁW) w Azji Wschodniej w dobie pandemii COVID-19 – perspektywa Japonii
Global value chains (GVCS) in East Asia during the COVID-19 pandemic – the perspective of Japan

Author(s): Sebastian Bobowski, Bogusława Drelich-Skulska
Subject(s): Supranational / Global Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: global value chains (GVCs); COVID-19 pandemic; Japan

Summary/Abstract: GVCs have become an inherent component of the economic landscape of East Asia, one of the key pillars of the regional integration processes and division of labour based on fragmentation and specialisation. The main objective of the paper was to describe the impact of COVID-19 pandemic on GVCs in East Asia from the perspective of Japan, using monthly trade statistics for 2020-2021. The paper indicates the short-term disruptive impact on trade statistics with the prospect of improvement, however, under conditions of the gradual phasing out of the pandemic, the effective utilisation of RCEP concessions to boost GVC trade, and with the better coordination of the regional response to future health crises. Statistical analysis is accompanied by critical analysis of literature in the field of research. The paper delivers the current statistical picture of the impact of the COVID-19 pandemic on intra-RCEP trade, accompanied by references to legal and institutional aspects of the response of individual countries to health crisis.

  • Issue Year: 66/2022
  • Issue No: 1
  • Page Range: 1-13
  • Page Count: 13
  • Language: English
Toggle Accessibility Mode