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). We start from the notion that the value of a final product equals the sum of value added contributions by any industry that participated in the production process, both in the country of completion and abroad.

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Topics:  International trade

Tags:  global value chains, global supply chains

Global value chains, interdependence, and the future of trade

Pascal Lamy 18 December 2013

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Today, the expansion of global value or production chains means that most products or services are assembled with inputs from many countries. We may still think in terms of Ricardo’s world of trade between nations, but in reality most trade now takes place within globe-spanning multinational companies and their suppliers. The results of this ‘trade in tasks’ are all around us.

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Topics:  International trade

Tags:  WTO, trade, Doha, global supply chains, Bali, mega-regional negotiations

The lessons from the Great East Japan Earthquake and the Great Floods in Thailand

Masahisa Fujita 18 November 2013

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The Great East Japan earthquake which occurred on 11 March 2011 had a surpassing 20 meters high that hit several hundred kilometres of the Tohoku coastline on the eastern side of Japan, and cost the lives of approximately 18,000 people. This was followed by a nuclear crisis categorised as level 7 on the International Nuclear Event Scale. A nationwide electricity shortage ensued and the economic and infrastructure damage was about $200 billion.

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Topics:  Industrial organisation International trade

Tags:  Japan, natural disasters, global supply chains

Japan's earthquake and tsunami: International trade and global supply chain impacts

Hubert Escaith, Robert Teh, Alexander Keck, Coleman Nee 28 April 2011

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The Tohoku earthquake and tsunami that struck the northeast coast of Japan on 11 March has created an enormous human and ecological disaster. In addition to its direct economic cost to Japan, the disaster could potentially have important implications for the rest of the world, not only because of the sheer size of the Japanese economy, but also as a result of the country's pivotal role in the global supply chains that form the back-bone of today's international trade in manufactures (Altomonte and Ottaviano 2009).

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Topics:  International trade

Tags:  Japan, natural disasters, earthquake, tsunami, trade effects, global supply chains

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