IDEAS home Printed from https://ideas.repec.org/a/wej/wldecn/534.html
   My bibliography  Save this article

Global Value Chains, International Trade Statistics and Policymaking in a Flattening World

Author

Listed:
  • Alejandro Jara
  • Hubert Escaith

Abstract

The raise of global production networks since the 1980s changed the way we understand international trade and has profound repercussions on development policies and the conduct of global governance. New comparative advantages allow large developing countries to leap-frog through their industrialization process while smaller economies without large internal market or mining resources are now able to build an industrial base. Offshoring also gave the possibility to firms from industrialised countries to remain competitive in front of fast-expanding firms from emerging countries. But in the process, the relative demand for low and medium skilled workers in industrialised countries contracted, and this employment and income effect became a political issue and fuelled demand for protectionism. Unfortunately, the debate lacks accurate data as traditional statistics give only a blurred picture of what is known as ‘trade in tasks’. Before revising the trade and governance implications, the article calls for a new measurement of international trade based on its value-added content in order to have a better understanding of the actual issues.

Suggested Citation

  • Alejandro Jara & Hubert Escaith, 2012. "Global Value Chains, International Trade Statistics and Policymaking in a Flattening World," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 13(4), pages 5-18, October.
  • Handle: RePEc:wej:wldecn:534
    as

    Download full text from publisher

    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=534
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hubert Escaith, 2016. "Aggregate Demand, Vertical Specialization and Growth Accounting," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 7(03), pages 1-20, October.
    2. Adolf Akwei Acquaye & Fred Amofa Yamoah & Taofeeq Ibn-Mohammed & Enoch Quaye & David Eshun Yawson, 2023. "Equitable Global Value Chain and Production Network as a Driver for Enhanced Sustainability in Developing Economies," Sustainability, MDPI, vol. 15(19), pages 1-23, October.
    3. Yu, Chunjiao & Luo, Zhechong, 2018. "What are China's real gains within global value chains? Measuring domestic value added in China's exports of manufactures," China Economic Review, Elsevier, vol. 47(C), pages 263-273.
    4. Lucy Gitau & David Nzuki & Felix Musau, 2022. "Effects of IT capability on Performance of Manufacturing Firms in Nairobi City County Kenya," Technium Social Sciences Journal, Technium Science, vol. 28(1), pages 595-606, February.
    5. Mohammad Farhad & Michael Jetter & Abu Siddique & Andrew Williams, 2018. "Misreported Trade," CESifo Working Paper Series 7150, CESifo.
    6. Escaith, Hubert & Tamenu, Bekele, 2013. "Least-Developed Countries' Trade During the "Super-Cycle" and the Great Trade Collapse: Patterns and Stylized Facts," MPRA Paper 51997, University Library of Munich, Germany.
    7. Evans Mwasiaji, 2020. "Quality Imperative Value Addition and the Performance of Medium Scale Manufacturing Enterprises in Kenya," Journal of Accounting, Business and Finance Research, Scientific Publishing Institute, vol. 8(1), pages 39-46.
    8. Zhang, Xiaoge & Zhang, Yvette & Lin, Benxi & Jin, Shaosheng, 2021. "Research on the Effect of FDI on the Domestic Value-Added of Food Processing and Manufacturing Enterprises' Exports and Its Mechanism," 2021 Conference, August 17-31, 2021, Virtual 315404, International Association of Agricultural Economists.
    9. Robert Stehrer, 2013. "Accounting Relations in Bilateral Value Added Trade," wiiw Working Papers 101, The Vienna Institute for International Economic Studies, wiiw.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wej:wldecn:534. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ed Jones (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.