Persistent global imbalances are raising concerns about the sustainability of the global recovery and longer-term growth. Global imbalances owe in part to the pattern of exchange rates and demand across major countries.
Do Prices Determine Vertical Integration? Evidence from Trade Policy
Laura Alfaro, Paola Conconi, Harald Fadinger, Andrew Newman, 28 October 2012
Vox readers can download DP9200 for free here.
Asia’s supply chain: Implications for rebalancing
Olaf Unteroberdoerster, Jade Vichyanond, Adil Mohommad, 12 June 2011
Supply chains and financial shocks: Real transmission channels in globalised production networks
Hubert Escaith, Fabien Gonguet, 16 June 2009
The most recent phase of globalisation was characterised by the geographical fragmentation of the production processes within networks of firms. Vertical integration helped international firms to improve their efficiency, while enabling them to react more rapidly to changes in international markets.
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