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ASEAN seen remaining major player in global supply network BusinessWorld 2 hrs ago © Provided by BusinessWorld ASEAN COUNTRIES are well-positioned to attract investment following shifts in global value chains (GVCs) in the wake of the coronavirus pandemic, economists said, citing the region’s growing middle class. At a webinar organized by the ASEAN+3 Macroeconomic Research Office (AMRO) Wednesday, Hoe Ee Khor, chief economist of AMRO, said: “Although we have seen some cross-border relocation of GVCs globally, the ASEAN+3 region will remain a highly attractive location for GVC investment in the post-pandemic world.” “The region’s middle class is expanding rapidly and becoming more affluent. The large pool of labor is upskilling to the digital economy. Businesses are adopting new technologies and creating more commercial opportunities,” he added.

Hong kongRepublic ofSouth koreaLuz wendyMacroeconomic research officeCourtesy of department transportationAsian trade centreResearch officeHoe ee khorDeborah elmsஹாங் காங்குடியரசு ஆஃப்தெற்கு கொரியாலஸ் வெண்டிமரியாதை ஆஃப் துறை போக்குவரத்துஆசிய வர்த்தகம் மையம்