Show simple item record

dc.contributor.authorMIROUDOT, Sébastien
dc.contributor.authorNORDSTRÖM, Håkan
dc.date.accessioned2019-10-28T08:58:46Z
dc.date.available2019-10-28T08:58:46Z
dc.date.issued2019
dc.identifier.issn1028-3625
dc.identifier.urihttp://hdl.handle.net/1814/64724
dc.description.abstractIn the last decade, the concept of ‘global value chain’ (GVC) has become popular to describe the way firms fragment production into different stages located in different economies. The ‘made in the world’ narrative suggests that production today is global with inputs coming from all parts of the world before being assembled into final products also shipped all over the world. The empirical basis of this story has however been questioned. On the one hand, recent evidence indicates that there is some kind of ‘deglobalisation’ with a trade slowdown and lower levels of fragmentation of production. On the other hand, some authors suggest that supply chains are regional rather than global. In this paper, we offer a comprehensive review of the evidence based on the 2018 update of the OECD Trade in Value-Added (TiVA) database and indicators counting the number of domestic and foreign production stages, border crossings and geographic length of supply chains. The study covers 1995 to 2016. The made in the world narrative is correct when describing the rise of GVCs in the 2000s. But globalisation has reached a peak in 2012 and since then supply chains are becoming more domestic rather than more regional. The ‘erosion’ in globalisation (i.e. the reduction in the average length of supply chains since 2012) is 52 kilometres per year.en
dc.format.mimetypeapplication/pdfen
dc.language.isoenen
dc.publisherEuropean University Instituteen
dc.relation.ispartofseriesEUI RSCASen
dc.relation.ispartofseries2019/84en
dc.relation.ispartofseriesGlobal Governance Programme-373en
dc.relation.ispartofseries[Global Economics]en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subjectFragmentation of productionen
dc.subjectVertical specializationen
dc.subjectGlobal value chainen
dc.subject.otherTrade, investment and international cooperationen
dc.subject.otherComparative regional integration and regionalismen
dc.titleMade in the world revisiteden
dc.typeWorking Paperen


Files associated with this item

Icon

This item appears in the following Collection(s)

Show simple item record