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Globalization And Trade Flows: What You See Is Not What You Get!

Author

Listed:
  • ANDREAS MAURER

    (Economic Research and Statistics Division, World Trade Organization, Switzerland)

  • CHRISTOPHE DEGAIN

    (Economic Research and Statistics Division, World Trade Organization, Switzerland)

Abstract

The trade collapse that followed the global financial crisis of 2008–2009 has led to a renewed interest in measurement issues affecting international merchandise trade statistics in the new globalized economy. The international fragmentation of industrial production blurs the concept of country of origin and calls for the production of new statistics on the domestic content of exports, with a view of estimating trade in value added. In 2010, the international statistical community revised the concepts and definitions on both international merchandise trade and trade in services statistics. This paper discusses the various issues related to the concepts of "goods for processing" and "intra-firm trade" in trade statistics, and provides an overview of the method of analyzing the impact of the fragmentation of production in international value chains.

Suggested Citation

  • Andreas Maurer & Christophe Degain, 2012. "Globalization And Trade Flows: What You See Is Not What You Get!," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(03), pages 1-27.
    • Handle: RePEc:wsi:jicepx:v:03:y:2012:i:03:n:s1793993312500196
    DOI: 10.1142/S1793993312500196
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    References listed on IDEAS

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    Cited by:

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    2. Misato Sato, 2014. "Embodied Carbon In Trade: A Survey Of The Empirical Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 831-861, December.
    3. Gordeev, Dmitriy (Гордеев, Дмитрий) & Idrisova, Vittoria (Идрисова, Виттория) & Kaukin, Andrei (Каукин, Андрей) & Ponomarev, Yuriy (Пономарев, Юрий) & Filicheva, Evgeniya (Филичева, Евгения), 2016. "Analysis of Global Supply Chains in International Trade Patterns [Анализ Глобальных Цепочек В Моделях Международной Торговли]," Working Papers 765, Russian Presidential Academy of National Economy and Public Administration.
    4. Sato, Misato, 2014. "Product level embodied carbon flows in bilateral trade," Ecological Economics, Elsevier, vol. 105(C), pages 106-117.
    5. Song, Sangcheol, 2020. "Actualization of growth potential in international joint ventures: The moderating effects of localization strategies," Journal of World Business, Elsevier, vol. 55(2).
    6. Dweck, Esther & Marcato, Marilia Bassetti & Torracca, Julia & Miguez, Thiago, 2022. "COVID-19 and the Brazilian manufacturing sector: Roads to reindustrialization within societal purposes," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 278-293.
    7. Hao Xiao & Tianyang Sun & Bo Meng & Lihong Cheng, 2017. "Complex Network Analysis for Characterizing Global Value Chains in Equipment Manufacturing," PLOS ONE, Public Library of Science, vol. 12(1), pages 1-22, January.
    8. Tong Zhao & Zhijie Song & Tianjiao Li, 2018. "Effect of innovation capacity, production capacity and vertical specialization on innovation performance in China's electronic manufacturing: Analysis from the supply and demand sides," PLOS ONE, Public Library of Science, vol. 13(7), pages 1-23, July.
    9. Fritz Breuss, 2009. "Finanzmarktkrise als Phänomen des Überschießens auf den Aktienmärkten. Eine theoretische Analyse," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(12), pages 933-941, December.
    10. Fritz Breuss, 2011. "Global financial crisis as a phenomenon of stock market overshooting," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 38(1), pages 131-152, February.

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    More about this item

    Keywords

    Multinational corporations (MNCs); trade statistics; goods for processing; intra-firm trade; trade in intermediate products; trade in value added; C49; F13; F23; F49;
    All these keywords.

    JEL classification:

    • C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other

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