Author: Ken Heydon, LSE China’s global value chain (GVC) links with ASEAN are both less dominant and more beneficial than they appear at first sight. But there are major challenges ahead for ASEAN. With ASEAN public opinion seeking more alignment with the United States and less with China, ASEAN’s GVC dependence on China might be seen as a cause for concern. Over the past three decades, ASEAN trade links with the United States, the European Union and Japan have weakened relative to those with China. Moreover, dependence on China has been more in backward linkages (where China’s share of foreign…
Source link : ASEAN supply chain links with China and the perils of decoupling by East Asia Forum
