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Post–COVID-19 Reconfiguration of the Global Value Chains and China

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

Author

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  • Hanming Fang
  • Bernard Yeung

Abstract

The iPhone was designed at Apple’s headquarters in Cupertino, California, but its parts were made by suppliers in 43 countries and six continents via an incredibly complex supply chain. The global supply chain is the epitome of the intensive drive for efficiency, necessitated by fierce global competition. China emerged as the center of the global supply chain and the de facto “factory of the world” after it joined the World Trade Organization in 2001…

Suggested Citation

  • Hanming Fang & Bernard Yeung, 2021. "Post–COVID-19 Reconfiguration of the Global Value Chains and China," World Scientific Book Chapters, in: Sumit Agarwal & Zhiguo He & Bernard Yeung (ed.), Impact of COVID-19 on Asian Economies and Policy Responses, chapter 21, pages 151-156, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811229381_0021
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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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