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

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Analytical background

Topics: International trade
Tags: comparative advantage, competitiveness, global supply chain, global value chains, globalisation, statistics, trade

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

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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.

Topics: International trade
Tags: global supply chain, global value chains, globalisation, statistics, trade

Global value chains in the current trade slowdown

Michael J Ferrantino, Daria Taglioni, 6 April 2014

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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.

Topics: International trade
Tags: global value chains, great trade collapse, trade slowdown

Measuring competitiveness in a world with global value chains

Michele Ruta, Mika Saito, Jarkko Turunen, 11 October 2013

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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.

Topics: Exchange rates, International trade
Tags: global value chains, real effective exchange rate, trade in tasks

Global value chain governance in the era of mega FTAs and a proposal of an international supply-chain agreement

Michitaka Nakatomi, 15 August 2013

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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.

Topics: International trade
Tags: FTAs, global value chains, WTO

Rethinking competitiveness: The global value chain revolution

Marcel Timmer, Bart Los, Robert Stehrer, Gaaitzen de Vries, 26 June 2013

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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.

Topics: International trade
Tags: global value chains, globalisation

‘No gain without pain’: Antidumping protection hurts exports

Hylke Vandenbussche, Jozef Konings, 30 January 2013

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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.

Topics: International trade
Tags: EU, France, global value chains, protectionism, tariffs, trade

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.

URL: http://www.cepr.org/pubs/PolicyInsights/CEPR_Policy_Insight_064.asp
Topics: International trade
Tags: global value chains, supply-chain trade, WTO, WTO 2.0

WTO 2.0: Thinking ahead on global trade governance

Richard Baldwin, 22 December 2012

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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.

Topics: International trade
Tags: global value chains, supply-chain trade, WTO, WTO 2.0

Being in a global value chain: Hell or heaven?

Antonio Accetturo, Anna Giunta, Salvatore Rossi, 15 December 2012

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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).

Topics: Industrial organisation, International trade
Tags: global value chains, offshoring, trade network

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