International Production Networks:Contributions of Economics to Policymaking

DOI Web Site 15 References Open Access
  • Kimura Fukunari
    Dean, Graduate School of Economics and Professor, Faculty of Economics, Keio University Chief Economist, Economic Research Institute for ASEAN and East Asia

Abstract

ASEAN and developing East Asia have applied development strategies that have effectively utilized global value chains and have achieved both sustained economic growth and rapid poverty alleviation. This paper claims that the international trade theory or economics in general has greatly contributed to the formulation of such development strategies. Economists should also work for new issues and challenges that these countries start facing in a new step of economic development.

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