The East Asia Forum Quarterly, known for its insights into economics and international relations across the Asia-Pacific region, unveiled its latest edition on Monday. Sponsored by the Hinrich Foundation, this issue examines the evolving landscape of global supply chains amidst increasing complexity and geopolitical tensions.
Supply chains, crucial economic networks connecting producers with consumers, have garnered significant attention amid global competition among major powers. Over the past 25 years of globalization, they have symbolized human achievement, facilitating cross-border collaboration in technology and production.
Recent shifts towards self-sufficiency by major economies, driven by conflicting national interests and exacerbated by events like the pandemic and European conflicts, have highlighted supply chains’ vulnerabilities. Increasingly, they are viewed through the lens of national security and protectionism rather than purely economic logic.
This issue of the East Asia Forum Quarterly delves into how geopolitical factors are reshaping supply chain dynamics. It explores new concerns such as critical minerals, advanced technologies, and geopolitical uncertainties that influence supply chain strategies.
The Quarterly also reflects on the consequences of governments adopting more closed economic policies, contrasting with the multilateral cooperation that once underpinned global economic growth and poverty reduction. It underscores the challenges and potential drawbacks of retreating from international economic norms and the impact on global peace and prosperity.
The essays in this edition aim to highlight the costs associated with erecting barriers that diminish the benefits of intricate supply chains based on international specialization. They also consider how stakeholders affected by these changes can adapt and respond effectively in a shifting global economic landscape.
Find the latest updates in supply chain logistics news at The Supply Chain Report. Visit ADAMftd.com for free international trade tools.
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