Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129192
Authors: 
Escaith, Hubert
Year of Publication: 
2016
Series/Report no.: 
WTO Staff Working Paper ERSD-2016-01
Abstract: 
Global Manufacturing and International Supply Chains changed the way trade and international economics are understood today. The present essay builds on recent statistical advances to suggest new ways of looking at the demand and supply side approaches when Global Value Chains (GVCs) - articulating supply and demand chains from an international perspective - are taken into consideration. This pilot case focuses on the G-20 countries, a group of leading developed and developing economies which took a prominent role in fostering and managing global economic governance. The paper is organised into two independent parts. The demand dynamics is first analysed through a growth-accounting decomposition, then through the long term determinants of income elasticity of imports. The second part looks at the implications of global manufacturing for our understanding of the supply-side growth dynamics, privileging a trade perspective: the definition of comparative advantages and the potential for value-chain upgrading.
Subjects: 
global value chains
trade and development
growth accounting
import elasticity
revealed comparative advantages
competitiveness benchmarking
JEL: 
C18
C67
F14
F19
F43
F63
O11
O19
O41
O47
O57
Document Type: 
Working Paper

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