When China began plugging into global production networks and cross-border trade more intensely in the early 2000s, few might have foreseen it becoming one of the most important hubs for many high-tech global value chains (GVCs) by the late 2010s.
The COVID-19 pandemic triggered a sharp increase in the world demand for rubber gloves, notably medical gloves but also non-medical ones.
Vietnam’s exports have grown exponentially over the past two decades.
Global value chains have long formed the backbone of economic growth and trade, especially in East Asia.
Vietnam has posted strong and robust economic growth since the opening-up of its economy in the late 1980s.
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Globalization has been key to the growth of China and East Asia in the last thirty years.
The pandemic exposed the vulnerabilities of global value chains (GVCs) as lockdowns disrupted supply lines across economies. However, the ASEAN+3 region remains a prime location for GVC investment post-pandemic.
The post-pandemic world calls for more globalization, not less. The pandemic exposed the vulnerabilities of global value chains (GVCs), as lockdowns around the world disrupted supply lines across economies.
The COVID-19 pandemic has intensified debate about the future reconfiguration of global value chains (GVCs) because of the massive disruptions to global supply chains and the accelerated adoption of digital…