Analysis on the characteristics and influences of the East Asian countries'(regions)which embed the Dual Value Chain Under the RCEP pact
In recent years,the acceleration of anti-globalization has led the diverse variation of East Asian countries'Global Value Chain participation.The path for East Asian countries(regions)to embed in GVC has changed significantly.This paper uses ADB-MRIO database from 2010 to 2017 to analyze how East Asian countries embed the Global Value Chain and East Asian Value Chain.After the empirical studies,this paper has found several results:①Embedding in East Asian Regional Value Chains can significantly enhance East Asian countries'position in GVC.②Anti-globalization has different effects on east Asian's sectors.Capital-intensive suffers severely by anti-globalization and labor-intensive sectors are mildly affected while service sectors are unaffected.③The"Low-end Locking"effect is significant in East Asia countries.Except for China,Japan and South Korea,the higher value-added productivity East Asian countries'sector has,the lower GVC position the East Asian countries'sector locates at.In order to overcome the challenges brought by anti-globalization,East Asian countries(regions)should pay more attention to the construction of East Asian Market and choose a proper path to embed the Global Value Chain based on the external environment.
global value chainregional value chainthe embeddedness of value chainthe position of value chain
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