Sourcing foreign inputs to improve firm performance

Maria Bas, Vanessa Strauss-Kahn, 14 July 2014

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Should trade policy fight or promote imports of intermediate inputs? While several studies have shown the recent increase in imports of intermediate goods, their role in shaping domestic economies is not yet completely understood. Following the work of Feenstra and Hanson (1996), a large literature focuses on the impact of imported intermediate inputs on employment and inequality.

Topics: International trade
Tags: employment, exports, global value chains, imports, Inequality, Intermediate inputs, outsourcing, productivity, trade, wages

Connecting Brazil to the world

Patricia Ellen, Jaana Remes, 12 July 2014

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Despite a decade of rapid growth and falling poverty rates, Brazil has failed to match the global average for income growth – let alone to achieve the kind of impressive gains posted by other rapidly transforming emerging economies.

Topics: Development, International trade, Productivity and Innovation
Tags: Brazil, development, global value chains, globalisation, growth, MERCOSUR, openness, productivity, trade

Risks and opportunities of participation in global value chains

Gary Gereffi, Xubei Luo, 14 June 2014

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The African Development Bank, OECD Development Centre, and the United Nations Development Programme became the latest international development organisations to use the global value chain (GVC) framework in examining Africa’s potential integration into GVCs in the 2014 African Economic Outlook: Global Value Chains and Africa’s Industrialisation (AfDB, OECD, and UNDP 2014).

Topics: Development, International trade
Tags: global value chains, GVCs, industrial policy

Economic integration agreements and the location of vertical FDI

Juan Blyde, Alejandro Graziano, Christian Volpe Martincus, 13 May 2014

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Production processes are becoming increasingly fragmented. Many goods that were manufactured in single countries are now sliced in different bundles assigned to plants around the globe, giving rise to what is commonly known as global value chains (GVCs).

Topics: International trade
Tags: global value chains, trade agreements, vertical FDI

Global Value Chains: ‘Factory World’ is emerging

Bart Los, Marcel Timmer, Gaaitzen de Vries, 11 May 2014

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To measure international fragmentation of production processes, we introduce a generalisation of Feenstra and Hanson’s (1999) ‘broad’ offshoring measure (Los et al. 2014).

Topics: International trade
Tags: global supply chains, global value chains

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

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