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.
Measuring competitiveness in a world with global value chains
Michele Ruta, Mika Saito, Jarkko Turunen, 11 October 2013
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).
The shifting geography of global value chains: Implications for developing countries and trade policy
Peter Draper, 16 July 2012
Two contradictory trends are at work in the global economy.
- First, globalisation through multinational corporation production networks continues apace.
This promotes convergence and integration. The global value chains they operate have become the world economy’s backbone.
The UK in a Global World
David Greenaway, 14 June 2012
The UK in a Global World: How can the UK focus on steps in global value chains that really add value?
edited by David Greenaway
Published 14 June 2012
Global value chains are not all born identical: Policymakers beware
Carlo Altomonte, Filippo di Mauro, Gianmarco I.P. Ottaviano, Vincent Vicard, Armando Rungi, 4 January 2012
Global value chains are increasingly important in international trade. The breakup of goods and services production between different companies often operating in different parts of the world (creating a ‘global’ value chain) can be seen all around us.
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