The simultaneous recovery in global and regional trade can be attributed to the expansion of the global value chain (GVC)—after a continued slowdown since 2012—with Asia’s GVC participation rebounding as well.
The views expressed in this infographic do not necessarily reflect the views or policies of ARIC, the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ARIC does not guarantee the accuracy of the information and data included in this infographic and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with official ADB terms.
The Asia Regional Integration Center (ARIC) is an ongoing technical assistance project of the Economic Research and Development Impact Department (ERDI). Following the 1997/98 Asian financial crisis and the contagion evident around the region, ADB was asked to use its knowledge-based expertise to help monitor the recovery and report objectively on potential vulnerabilities and policy solutions. With the ASEAN+3 process just starting, ADB provided technical assistance beginning in 1999—to create the Asia Recovery Information Center, the precursor to ARIC.
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