Gross trade accounting: A transparent method to discover global value chain-related information behind official trade data: Part 2
Zhi Wang, Shang-Jin Wei, Kunfu Zhu, 16 April 2014
Gross trade accounting: A transparent method to discover global value chain-related information behind official trade data: Part 1
Zhi Wang, Shang-Jin Wei, Kunfu Zhu, 7 April 2014
Production segmentation across national borders has become an important feature of the world economy. With the rapid increase in intermediate trade flows, trade economists and policymakers have reached a near consensus that official trade statistics based on gross terms are deficient, often hiding the extent of global value chains.
Global value chains in the current trade slowdown
Michael J Ferrantino, Daria Taglioni, 6 April 2014
Global value chains (GVCs) involve trade in goods that have multiple production stages that take place in many different countries (that is, ‘production fragmentation’ or ‘slicing up the value chain’), and in which multiple imports and exports of intermediate goods are necessary to produce a final good, which may also be exported.
Measuring competitiveness in a world with global value chains
Michele Ruta, Mika Saito, Jarkko Turunen, 11 October 2013
Since December 2012, the yen has depreciated sharply against the euro and the dollar. Traditional economic reasoning would view this a simple gain of Japanese competitiveness vis-à-vis the US and Eurozone.
Global value chain governance in the era of mega FTAs and a proposal of an international supply-chain agreement
Michitaka Nakatomi, 15 August 2013
As the Doha Round of trade negotiations under the WTO continues to stagnate, mega FTAs – such as the Trans-Pacific Partnership (TPP), the economic partnership agreement between Japan and the EU, and the Transatlantic Trade and Investment Partnership between the US and the EU – will likely play the leading role in trade rulemaking for some time to come.
Rethinking competitiveness: The global value chain revolution
Marcel Timmer, Bart Los, Robert Stehrer, Gaaitzen de Vries, 26 June 2013
The rise of global value chains is posing new challenges to analyses of international trade and countries’ competitiveness. Traditional measures are based on the assumption that all activities in the production of a good take place in the domestic economy, using domestic input only.
‘No gain without pain’: Antidumping protection hurts exports
Hylke Vandenbussche, Jozef Konings, 30 January 2013
Protection is often viewed as a powerful instrument to help domestic firms to raise their sales at the expense of foreign importers. But this view is now being challenged by recent research showing that the effects of protection really depend on the international orientation of the firms i.e. whether they are exporters or not.
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.
WTO 2.0: Thinking ahead on global trade governance
Richard Baldwin, 22 December 2012
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.
Being in a global value chain: Hell or heaven?
Antonio Accetturo, Anna Giunta, Salvatore Rossi, 15 December 2012
The recent literature on global value chains has shown that the production of every good (from computers to retail trade services) now consists of a series of separate tasks (unbundling), each of which can be located outside the boundaries of the 'final' firm (Blinder 2006).
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Mulgan, 11 April 2014
Campos, Coricelli, Moretti
Ostry, Berg, Tsangarides