The cross-border flows of goods, investment, services, know-how and people associated with international production networks – call it ‘supply-chain trade’ for short – has transformed the world (Gereffi and Lee 2012). The WTO has not kept pace.
WTO 2.0: Global governance of supply-chain trade
Richard Baldwin, 22 December 2012
CEPR Policy Insight No. 64 is available to download free of charge here.
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