Trade crisis and recovery : restructuring of global value chains
AbstractThe recent large and rapid slowdown in economic activity has resulted in even larger and more rapid declines in international trade. As world trade is set to rebound, this paper addresses three questions: (i) Will trade volumes rebound in a symmetric fashion as world economic growth rebounds? (ii) Will the crisis result in a change in the structure of trade, and in particular will it lead to a reversal of the pattern of more diversified sourcing and thus to a consolidation of global value chains? (iii) What policies can improve the prospects for developing country growth in the event that trade volumes do not rebound symmetrically and there is a consolidation of some global value chains?
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 5294.
Date of creation: 01 May 2010
Date of revision:
Economic Theory&Research; Currencies and Exchange Rates; Emerging Markets; Debt Markets; Trade Policy;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-22 (All new papers)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Fan, Ying, 2011. "Services Policy Reform in the People’s Republic of China: Before and After the Global Financial Crisis," ADBI Working Papers 304, Asian Development Bank Institute.
- Terheggen, Anne, 2010. "The new kid in the forest: the impact of China's resource demand on Gabon's tropical timber value chain," MPRA Paper 37982, University Library of Munich, Germany.
- Baldwin, Richard, 2012.
"Trade and industrialisation after globalisation’s 2nd unbundling: How building and joining a supply chain are different and why it matters,"
CEPR Discussion Papers
8768, C.E.P.R. Discussion Papers.
- Richard Baldwin, 2011. "Trade And Industrialisation After Globalisation’s 2nd Unbundling: How Building And Joining A Supply Chain Are Different And Why It Matters," NBER Working Papers 17716, National Bureau of Economic Research, Inc.
- Richard Baldwin, 2013. "Trade and Industrialization after Globalization’s Second Unbundling: How Building and Joining a Supply Chain Are Different and Why it Matters," NBER Chapters, in: Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century, pages 165-212 National Bureau of Economic Research, Inc.
- Bernhardt, Thomas, 2014. "How promising is South-South trade as a contributor to economic development in Asia and South America? Insights from estimating income elasticities of import demand," MPRA Paper 56413, University Library of Munich, Germany.
- Cornelia Staritz, 2011. "Making the Cut? Low-Income Countries and the Global Clothing Value Chain in a Post-Quota and Post-Crisis World," World Bank Publications, The World Bank, number 2547, October.
- Sumangala Damodaran, 2013. "New strategies of industrial organization: outsourcing and consolidation in the mobile telecom sector in India," Brooks World Poverty Institute Working Paper Series ctg-2013-32, BWPI, The University of Manchester.
- Éltető, Andrea, 2014.
"A visegrádi országok kereskedelme Ázsiával - a globális termelés lenyomata
[The trade of the Visegrád countries with Asia - a manifestation of global production]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 586-608.
- Wenbin Huang & Andreas Wilkes & Xiufang Sun & Anne Terheggen, 2013. "Who is importing forest products from Africa to China? An analysis of implications for initiatives to enhance legality and sustainability," Environment, Development and Sustainability, Springer, vol. 15(2), pages 339-354, April.
- John Pickles, 2012. "South African horticulture: opportunities and challenges for economic and social upgrading in value chains," Brooks World Poverty Institute Working Paper Series ctg-2012-13, BWPI, The University of Manchester.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi).
If references are entirely missing, you can add them using this form.