|제목||Structural Changes in Global Value Chains (GVCs): ASEAN and India|
China still serves as a leading production hub in Asia, but it is interesting to look at recent production unbundling in ASEAN and India. Catalyzed by increasing labor costs in China, production networks have begun to extend to ASEAN and India. As ASEAN and India have young and large populations, they have definite advantages in labor-intensive processes. Recent trade statistics show that ASEAN and India are importing many intermediate goods and exporting capital goods.
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