Analysis on the Competitive Advantage in GVCs of ASEAN+3 Countries

Abstract

：This study systematically investigated the various analytical methodologies developed for measuring GVCs, and then proposed some new methods of using the index. Additionally, we analyzed the status and participation of ASEAN+3 countries in GVCs using above index.Analysis results are as follows; as GVCs gradually weakened in 2011, the share of foreign value-added in GDP in Korea, China and ASEAN countries declined, while the increase in the share of domestic value-added exports to the world market was observed. This suggests that GVCs are being reshaped mainly in Asia.