OPINION

Time to adapt global value chains

Oped, Ramesh Subramaniam & James Villafuerte, Published on 18/04/2023

» The Association of Southeast Asian Nations (Asean) economies has again proven itself to be among the world's most resilient economic groupings. Relying on strong exports, sound macroeconomic policies, and effective buffers, the economies of Asean recovered rapidly from the devastating impact of Covid-19, recording growth of 5.6% in 2022 after falling to 3.2% in 2020.