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

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.

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

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.

Topics: Industrial organisation, International trade
Tags: global supply chains, Japan, natural disasters

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.

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

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