Comments on Revisiting the Twin-Hub Trade Pattern in East Asia.

The paper presents analyzes of how the rise of global value chains (GVCs) has changed the patterns of trade in East Asia. It is mentioned that export (measured in value-added) is increasingly sensitive to the capital-labor ratio and high-skilled labor productivity. The article discusses the twin-hub trade regime since the beginning of 21st century is empirically reconfirmed using our modified hub index and identify the rising China-hub along with a declining Japan-hub.