Economic Indicators for East Asia: Input–Output Tables
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Economic Indicators for East Asia - Asian Development Bank
ECONOMIC INDICATORS FOR EAST ASIA
INPUT–OUTPUT TABLES
DECEMBER 2020
Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)
© 2020 Asian Development Bank
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Tel +63 2 8632 4444; Fax +63 2 8636 2444
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Some rights reserved. Published in 2020.
ISBN 978-92-9262-530-6 (print); 978-92-9262-531-3 (electronic); 978-92-9262-532-0 (ebook)
Publication Stock No. TCS200241-2
DOI: http://dx.doi.org/10.22617/TCS200241-2
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CONTENTS
TABLES AND FIGURES
FOREWORD
In the 1990s and early 2000s, trade was defined by global value chains. Automation and developments in transport, information, and communications technologies enabled firms to fragment their production processes across the globe to gain efficiencies from a broadened economic network. Participation in value chains became a more viable path toward economic and social transformation, especially for developing economies. Trade in tasks and inputs became as important as traditional trade in finished goods, and its measurement was seen as crucial in assessing economic performance and shaping policies.
Following more than a decade of generally unfettered growth, a series of economic crises and downturns created new challenges for the increasingly interconnected and interdependent economies. More recently, international trade tensions have disrupted production in major regional hubs, while the coronavirus disease pandemic continues to adversely impact consumption patterns, production, and supply and distribution chains in every economy. In a short period of time, the question has quickly shifted from How can we participate in global value chains?
to How can we ensure a stable and resilient global economy, given increasing global value chain participation?
Answering the latter question heightens the demand for better and more timely statistics on the interrelationships between economies. Monitoring economic activities is not only essential for keeping track of development objectives, but also for safeguarding the beneficial outcomes from