The studies summarised in this paper focus on the economic implications of euro area firms’ participation in global value chains (GVCs). They show how, and to what extent, a large set of economic variables and inter-linkages have been affected by international production sharing. The core...

Regional economic integration has made considerable progress in the world economy which raises new challenges with respect to institutional change and for national and international economic policy. We consider the options of integration policy and major shifts in regional gravity centers and...