This paper surveys the recent body of work in economics on the importance of global value
chains (GVCs) in shaping international trade flows and production patterns. On the empirical …

Recent decades have seen the emergence of global value chains (GVCs), in which
production stages for individual goods are broken apart and scattered across countries …

In the overlapping global emergencies of the pandemic, climate change and geopolitical
confrontations, supply shocks have become frequent and inflation has returned. This raises …

We combine data on trade, production, and input use to document changes in the value-
added content of trade between 1970 and 2009. The ratio of value-added to gross exports …

Due to the rise of global supply chains, gross exports do not accurately measure the amount
of value added exchanged between countries. I highlight five facts about differences …

We survey recent literature on the causes of the collapse in international trade during the
2008–2009 global recession. We argue that the evidence points to the collapse in …

We document that international input-output linkages contribute substantially to
synchronizing producer price inflation (PPI) across countries. Using a multicountry, industry …

The paper aims to trace the development of analytical frameworks for global value chains
(GVC). This is not an encyclopedic literature survey; it focuses only on the strands of …

We examine the role of structural change in the economic development of Vietnam from
1990 to 2008. Structural change accounted for a third of the growth in aggregate labor …

This paper surveys a wide body of economic literature on the relationship between
exchange rates and trade. Specifically, two main issues are investigated: the impact of …