East Asian trade integration in the era of global value chains: Prospects and challenges
This paper examines trade integration of East Asian countries through the lens of global value chains (GVCs). It first gauges the extent and involvement of trade in value-added (TiVA) for East Asian countries. The analysis confirms that reliance on backward GVC participation outside of the region still looms large in East Asia. This implies, in addition to deepening intraregional integration, linking with global trade and production networks remains important.