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ID:
192854
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| Summary/Abstract |
This study aims to empirically explore the nexus between foreign direct investment (FDI) and other factors for global value chain (GVC) participation (backward and forward) in Vietnam, a transitional economy. The estimation shows that the economic size and market development of Vietnam and its trading partners are the main determinants of the nation's GVC participation. Inward FDI flows into the country have a positive impact on its GVC participation in both forward and backward linkages. Geographical distance is an impediment to Vietnam's backward GVC participation, whilst engagement in free trade agreements is advantageous to its GVC participation in both backward and forward linkages. We find that the logistics performance of Vietnam and its trading partners also positively affects the country's GVC participation. The paper provides policy implications for Vietnam to better use FDI and other factors to enhance its GVC participation, such as by attracting large supplier firms in upstream industries across the multinational enterprises' (MNEs) value chains, promoting trade liberalization and improving logistical efficiency.
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| 2 |
ID:
165268
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| Summary/Abstract |
How has the Taiwan–Association of Southeast Asian Nations (ASEAN) trade evolved without having official diplomatic relations? Using several international commodity classification systems and trade pattern indices, we argue that despite political constraints, Taiwan–ASEAN trade has rapidly expanded with a significant concentration on manufacturing and intermediate goods, embodied with high-technological content. Also, by employing the Organisation of Economic Co-operation and Development’s (OECD) database on trade in value added (TiVA), we assess that Taiwan and ASEAN have become important partners in terms of trade in value addition. Nevertheless, Taiwan is seemingly lagging behind Northeast Asian economies in strengthening linkages with ASEAN over regional production networks and TiVA. This possibly results from the absence of a bilateral preferential trade agreement between Taiwan and ASEAN so far. Given the low possibility of reaching such an agreement in the near future, it is suggested that Taiwan and ASEAN should employ dynamic approaches to reap greater bilateral trade expansion and other economic benefits.
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