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COVID-19 in the Global Production Network

In: Impact of COVID-19 on Asian Economies and Policy Responses

Author

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  • Ben Charoenwong

Abstract

Not only do firms around the world rely on many Asian companies for crucial supplies, Asian countries also represent a substantial component of global demand. An October 2019 report by the International Monetary Fund shows Asia represented 70.9% of global economic growth in 2019, with China alone contributing 39% and India contributing around 16%. Both countries are important supply chain sources for companies all around the world.

Suggested Citation

  • Ben Charoenwong, 2021. "COVID-19 in the Global Production Network," World Scientific Book Chapters, in: Sumit Agarwal & Zhiguo He & Bernard Yeung (ed.), Impact of COVID-19 on Asian Economies and Policy Responses, chapter 20, pages 147-149, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811229381_0020
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    More about this item

    Keywords

    COVID-19; Pandemic; Coronavirus; Lockdowns; Supply Shock; Demand Shock; Financial Distress; Global Value Chain; Global Supply Chains; Public Policy; International Trade; Debt; Post-COVID-19; Liquidity Crisis; International Trade; Policy Response; Policy Uncertainty; Public Health; Big Data; Pandemic Dilemma;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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