Economics, Econometrics and Finance
3 years ago

Trade restrictions in ASEAN region hinder global value chain participation.

Journal of the Asia Pacific Economy
Services trade in the ASEAN region and participation in GVCs
Christopher Findlay, Hein Roelfsema

Paper Summary

Trade restrictions on services in the ASEAN region hinder participation in global value chains (GVCs). These restrictions slow down the upgrading of value chain positions, especially for ASEAN countries. Lowering restrictions on services trade is crucial for advancing in GVCs and boosting economic growth.

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