Liberalisation and technological developments have led to the fragmentation of production and the emergence of the concept of global value chains. This has ushered in the role of services for linking the production network, resulting in a greater composition of services in the value of tradable....

"The latest wave of globalization in South and Southeast Asia has been largely services driven, in particular by firms from advanced economies relocating part of their business processes abroad. This has caused profound changes in the international division of labour, and has had correspondingly...