Global Value Chain in the Post-COVID Era: Implications for Regional Cooperation of ASEAN and China ()
ABSTRACT
The
COVID-19 pandemic has delivered a profound shock to the Global Value Chain. The
geographic make-up of most GVCs has become regionalized and localized rather
than globalized due to the outbreak. In order to strengthen the regional supply
chain and value chain cooperation between China and ASEAN, especially in this
post-COVID-19 era,
to achieve economic recovery, this paper tries to sum up how the COVID pandemic
impacts the global value chain, and then discuss the position of China and
ASEAN countries in the global value chain by calculating the proportion of
intermediate goods on global, regional, and country-level, using the newly
available data; thus, shed light on the policy implication for the future
cooperation of China and ASEAN to build a “regional” global value chain.
Share and Cite:
He, M. (2021) Global Value Chain in the Post-COVID Era: Implications for Regional Cooperation of ASEAN and China.
Open Journal of Political Science,
11, 739-751. doi:
10.4236/ojps.2021.114047.