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Growth in global value chains has not come to a halt
[La croissance des chaînes de valeur mondiales n’est pas enrayée]

Author

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  • Guillaume Gaulier
  • Aude Sztulman
  • Deniz Ünal

Abstract

The weakening of global value chain dynamics is considered as one of the causes of the slowdown in world trade since the 2008 crisis. However, measured as the share of trade in parts and components in the volume of world trade, and given the evolution of the business cycle, the development of international value chains continued after the crisis. L’essoufflement de la dynamique des chaînes de valeur mondiales est considéré comme l'une des causes du ralentissement du commerce mondial depuis la crise de 2008. Or, mesurée comme la part des échanges de pièces détachées et composants dans le commerce mondial en volume, et compte tenu de l’évolution du cycle des affaires, le développement des chaînes de valeur internationales se serait poursuivi après la crise.

Suggested Citation

  • Guillaume Gaulier & Aude Sztulman & Deniz Ünal, 2019. "Growth in global value chains has not come to a halt [La croissance des chaînes de valeur mondiales n’est pas enrayée]," Eco Notepad (in progress) 115, Banque de France.
  • Handle: RePEc:bfr:econot:115
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