ABSTRACT
This chapter covers conceptual and empirical studies of East Asian GVCs. The considerations follow a theoretical approach to GVC on the attributes of export-led growth policy supporting the expansion of GVCs in the region, as well as contemporary challenges to the growth model exercised by East Asian economies resulting from shocks such as the GFC, the Covid-19 pandemic, and Russia’s aggression in Ukraine. The empirical section of this chapter presents GVC metrics for APT countries using the MRIO database and a case study for the regional automotive industry. The most important regional initiatives in enhancing GVC resilience are also presented. The analysis demonstrates the growing position of ASEAN emerging markets in regional GVCs and the dominance of a vertical pattern of intra-industry trade within sectoral GVCs. In terms of enhancing GVC resilience, attention is drawn to the need to diversify markets and suppliers, as well as regional regulatory cooperation, information exchange, development of infrastructure, skills, and sources of financing.
