Files
Abstract
Over the last two decades, the global economy witnessed an unprecedented rise in global value chain (GVC) activity, a phenomenon that is widely believed to have caused growing fragmentation of cross-border production processes. It has also been recognized that the type and extent of participation in as well as the benefits derived from these global production networks vary across economies, sectors, and temporally. This report utilizes measures of different dimensions of global value chains that were derived from cutting-edge accounting and mathematical frameworks to analyze the changing patterns of trade of Brunei, Malaysia, and Singapore during the period 2000-2018. The multi-regional input-output tables (MRIOTs) compiled by the Asian Development Bank (ADB) were used as the main data source for generating the GVC indicators presented in this paper. The results demonstrate the varying impacts GVCs have had across economies and their domestic sources, which could readily be extended to analyses of trade policies.