Asian Trade and Supply Chain Linkages

2021 ◽  
pp. 395-410
Author(s):  
Dan Ciuriak ◽  
Philip Calvert
Keyword(s):  
International Trade ◽  
Supply Chains ◽  
Economic Integration ◽  
Emergency Preparedness ◽  
Medical Equipment ◽  
Production Networks ◽  
Global Production Networks ◽  
System P ◽  
The Impact

This chapter begins with an overview of the impact of the Covid-19 pandemic on economies of Asia generally, before turning to its impact on supply chains specifically, using the medical equipment sector as a case study to illustrate the practical complexities. It then considers the pandemic’s implications for the multilateral trade system and its impact on Asian economic integration and regionalism. The pandemic has motivated attempts to increase robustness of supply chains through diversification away from excessive dependence on China and into Southeast and South Asia, in an incremental rather than revolutionary way; no wholesale departure from manufacturing in China is anticipated. For most countries, the most efficient response is to continue to rely on international trade and global production networks, while addressing the strategic concerns through improved emergency-preparedness stockpiles. The increased pressure for reshoring, however, is part of a larger disaffection with globalization and the erosion of the rules-based international trade system.

scholarly journals The relationship between exchange rates and international trade: a literature review

2013 ◽  
Vol 12 (3) ◽  
pp. 577-605 ◽  
Author(s):  
MARC AUBOIN ◽  
MICHELE RUTA
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Small Firms ◽  
Exchange Rate Volatility ◽  
Production Networks ◽  
Global Production Networks ◽  
Long Run ◽  
The Impact ◽  
The Relationship

AbstractThis paper surveys a wide body of economic literature on the relationship between exchange rates and trade. Specifically, two main issues are investigated: the impact of exchange rate volatility and of currency misalignments on international trade flows. On average, exchange rate volatility has a negative (even if not large) impact on trade. The extent of this effect depends on a number of factors, including the existence of hedging instruments, the structure of production (e.g. the prevalence of small firms), and the degree of economic integration across countries. The second issue involves exchange rate misalignments, which are predicted to have short-run effects in models with price rigidities. However, the exact impact depends on a number of features, such as the pricing strategy of firms engaging in international trade and the importance of global production networks. Trade effects of currency misalignments are predicted to disappear in the long-run, unless an economy is characterized by other relevant distortions. Empirical results broadly confirm these theoretical predictions.

scholarly journals Global Production Networks, New Trade Technologies and the Challenge for International Institutions

2020 ◽  
Vol 55 (1) ◽  
pp. 21-41
Author(s):  
Richard Pomfret
Keyword(s):  
International Trade ◽  
New Technologies ◽  
Value Added ◽  
Information And Communications Technology ◽  
Policy Implications ◽  
Production Networks ◽  
Global Production Networks ◽  
Goods And Services ◽  
International Transactions ◽  
The Impact

In the twenty-first century, production processes and international trade in goods and services are being revolutionized by developments in information and communications technology. For many products, global production networks have rendered the label Made in Country X meaningless. With an increasing number of services, both for end-users and as inputs, being provided online, it becomes increasingly difficult to locate where value-added is being produced. This article seeks to document the impact of new technologies on international trade and to analyse the policy implications at the national and global level. A turning point is identified in the mid-1990s; up to 1995 there is no statistically significant relationship between internet usage and trade, but after 1997 the relationship is statistically significant. Use of the internet reduced trade costs, increased the size of trade flows and permitted greater fragmentation along global value chains. It also created opportunities for new international transactions, for example, based on ‘big data’. The article concludes with analysis of attempts to reach WTO agreements with respect to e-commerce and digitalization and of alternative fora in which these issues are being addressed, and relates the outcomes to the phenomenon of mega-regionalism. JEL Codes: F02, F68, 038

scholarly journals Measuring the Benefits of the “One Belt, One Road” Initiative for Manufacturing Industries in China

2018 ◽  
Vol 10 (12) ◽  
pp. 4717 ◽  
Author(s):  
Jianing Hou ◽  
Shih-Chih Chen ◽  
De Xiao
Keyword(s):  
Economic Integration ◽  
Empirical Support ◽  
Manufacturing Industries ◽  
System Level ◽  
Production Networks ◽  
Global Production Networks ◽  
One Belt One Road ◽  
The World ◽  
The One ◽  
The Impact

China has shifted its focus from export-led growth to technology-driven growth. The “One Belt, One Road” initiative (OBOR) is aimed at promoting economic integration with the rest of the world that might boost China’s ability to upgrade its manufacturers. We evaluate the impact of the OBOR initiative on the manufacturing industries of China. In other words, we examine whether the greater openness entailed by the initiative has been a catalyst for upgrading China’s export portfolio. We demonstrate that the proposition has been such a catalyst formally and adduce some empirical support for the proposition by using a panel of the top 80 exporting countries in the world during the period from 2002–2017 to evaluate the impact of the economic integration brought by the OBOR in terms of upgrades to Chinese manufacturers. Meanwhile, when domestic R&D generates knowledge spillover, the benefits of greater openness become partly indeterminate, thus counterfactual analysis was adopted to preclude potential endogeneity. By relating the values of exports at the two-digit harmonized system level to data on sectors to conduct integration within global production networks, we find that the greater openness brought by the OBOR initiative has actively increased manufacturing complexity and facilitated industrial upgrading in China.

Creating strategic couplings in global production networks: regional institutions and lead firm investment in the Humber region, UK

2019 ◽  
Vol 19 (4) ◽  
pp. 853-872 ◽  
Author(s):  
Stuart Dawley ◽  
Danny MacKinnon ◽  
Robert Pollock
Keyword(s):  
Offshore Wind ◽  
Offshore Wind Turbine ◽  
Production Networks ◽  
Global Production Networks ◽  
Regional Institutions ◽  
Political Environments ◽  
Firm Investments ◽  
Adaptive Coupling ◽  
Lead Firm

Abstract This article aims to unpack and analyse the institutional and political dynamics of strategic coupling from a host region perspective, adopting an actor-centred approach that focuses on regional institutions’ efforts to attract and embed lead firm investments within global production networks. We are particularly concerned with understanding the strategic agency and shifting coalitions of actors that create couplings and shape their evolution over time. This involves opening up the institutional underpinnings of strategic couplings by focusing more specifically on the key episodes in their creation and the organisation of the temporary coalitions that do the work of creating couplings. This approach is operationalised through a case study of the Siemens offshore wind turbine plant in the Humber region of England. In conclusion, we emphasise the need for regional institutions to develop adaptive coupling creation strategies that co-evolve with the reconfiguration of production networks and the reshaping of national institutional and political environments.

Analysis of Complexities in Natech Disaster Risk Reduction and Management: A Case Study of Cilegon, Indonesia

2018 ◽  
Vol 13 (7) ◽  
pp. 1298-1308
Author(s):  
Fatma Lestari ◽  
Dicky Pelupessy ◽  
Yasuhito Jibiki ◽  
Fiori Amelia Putri ◽  
Ahmad Yurianto ◽  
...  
Keyword(s):  
Risk Reduction ◽  
Emergency Preparedness ◽  
Disaster Risk Reduction ◽  
Health And Safety ◽  
Disaster Risk ◽  
City Government ◽  
Future Research ◽  
Technological Disaster ◽  
The Impact

Complex disasters may occur as a result of a natural disaster combined with an industrial or a technological disaster. These are also called “natural-hazard triggered technological (natech) disasters.” Currently, there is increasing awareness of the hazards of these natech disasters. Natural disasters could trigger a technological disaster including oil spills and the release of hazardous and flammable materials and toxic chemicals, causing cascading events. The impact of the damage on public health and safety could be catastrophic, as it may result in massive loss of life, environmental destruction, and asset and property loss. Moreover, it could cause business disruptions and affect a country’s reputation. This paper describes a case study on the application of disaster risk reduction and management for natech disasters in Cilegon, Indonesia. We introduce the analysis of risk assessment conducted in Cilegon, the preparedness of the Cilegon City government, a contingency plan that has been developed, and the state of disaster preparedness in industrial zones. Natural and technological disaster risks as well as several emergency preparedness efforts are discussed and multiple stakeholders are identified. The paper serves as a foundation for future research to address natech disasters.

Comment on Sonja Dänzer. Structural Injustice in Global Production Networks: Shared Responsibility for Working Conditions

2011 ◽  
Vol 33 (1) ◽  
Author(s):  
Mark Starmanns
Keyword(s):  
Supply Chains ◽  
Working Conditions ◽  
Corporate Responsibility ◽  
Shared Responsibility ◽  
Global Supply Chains ◽  
Production Networks ◽  
Global Production Networks ◽  
Structural Injustice ◽  
Discursive Approach

AbstractThis commentary's claim is that Dänzer's argument does not sufficiently take into account the complexities of the global production of goods, the current corporate responsibility practices and the problems of attributing responsibility to single actors. I argue in favour of a shared responsibility and briefly present a discursive approach for attributing MNE's share of responsibility in global supply chains, which requires obligatory transparency.

Sign in / Sign up

Export Citation Format

Share Document