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New Coordinates And Challenges: Moving Up The Value Chain. A Macroeconomic Perspective

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  • ŞERBĂNEL Cristiana Ioana

    (Academy of Economic Studies, Bucharest, Romania)

Abstract

Considerable attention has recently been conducted towards the analysis of increasing globalization and its effects on trade flows. Vertical specialization and global value chains represent the key idea embodied in this paper. The phenomenon happens when countries specialize in certain stages of good’s production cycle. I believe that production fragmentation is rife in modern production sequences analysis. I subsequently examine the role of vertical specialization measurement and the current possibilities to perform relevant calculus. I conclude by stressing the need to be aware of international production changes in current times.

Suggested Citation

  • ŞERBĂNEL Cristiana Ioana, 2014. "New Coordinates And Challenges: Moving Up The Value Chain. A Macroeconomic Perspective," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 9(3), pages 168-180, December.
  • Handle: RePEc:blg:journl:v:9:y:2014:i:3:p:168-180
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    References listed on IDEAS

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    1. Robert C. Johnson & Guillermo Noguera, 2012. "Fragmentation and Trade in Value Added over Four Decades," NBER Working Papers 18186, National Bureau of Economic Research, Inc.
    2. Stefan Ambec & Mark A. Cohen & Stewart Elgie & Paul Lanoie, 2013. "The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 7(1), pages 2-22, January.
    3. 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.
    4. Xiao Jiang & William Milberg, 2012. "Vertical specialization and industrial upgrading: a preliminary note," Brooks World Poverty Institute Working Paper Series ctg-2012-10, BWPI, The University of Manchester.
    5. Manfred Lenzen & Daniel Moran & Keiichiro Kanemoto & Arne Geschke, 2013. "Building Eora: A Global Multi-Region Input-Output Database At High Country And Sector Resolution," Economic Systems Research, Taylor & Francis Journals, vol. 25(1), pages 20-49, March.
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