Asia and Global Production Networks

Edited by Benno Ferrarini, Principal Economist, Economic Research and Regional Cooperation Department, Asian Development Bank and David Hummels, Professor of Economics, Department of Economics, Purdue University and Research Associate, National Bureau of Economic Research, US

• ContentsForeword 1. Asia and Global Production Networks— Implications for Trade, Incomes and Economic Vulnerability Benno Ferrarini and David Hummels2. Developing a GTAP-Based Multi-Region, Input-Output Framework for Supply Chain Analysis Terrie L. Walmsley, Thomas Hertel, and David Hummels 3. The Vulnerability of the Asian Supply Chain to Localized DisastersThomas Hertel, David Hummels and Terrie L. Walmsley4. Global Supply Chains and Natural Disasters: Implications for International TradeLaura Puzzello and Paul Raschky5. Vertical Specialization, Tariff Shirking and TradeAlyson C. Ma and Ari Van Assche6. Changes in the Production Stage Position of People’s Republic of China TradeDeborah Swenson7. External Rebalancing, Structural Adjustment, and Real Exchange Rates in Developing AsiaAndrei Levchenko and Jing Zhang8. Global Supply Chains and Macroeconomic Relationships in AsiaMenzie Chinn9. Mapping Global Value Chains and Measuring Trade in TasksHubert Escaith10. The Development and Future of Factory AsiaRichard Baldwin and Rikard ForslidIndex

‘The strengths of the edited volume arc aplenty, particularly on the methodological front where the contributors explore different approaches and models to better measure and investigate the implications of GVCs. The focus on Asia also provides a unique perspective into a region that is witness to the rapid growth or GVCs, where the accelerated participation and expansion or GVCs will surely alter the trajectory of the Asian and global economy.’