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Persistent link: https://www.econbiz.de/10003831008
To understand the longer term consequences of natural disasters for global value chains, this paper examines trade in the automobile and electronic sectors after the 2011 earthquake in Japan. Contrary to widespread expectations, the analysis shows that the shock did not lead to reshoring,...
Persistent link: https://www.econbiz.de/10012603459
contributions to global trade growth have come from East Asian countries in the developing world and the Euro area in the developed … world. Merchandise trade, which in recent years has been less resilient than services trade, picked up, growing by 4 … slowdown of recent years - weak growth in GVCs and high trade policy uncertainty - are still present. In particular, there are …
Persistent link: https://www.econbiz.de/10012645268
. Trade policy developments are mixed. Restrictive trade measures imposed during 2018 affected 3.8 percent of world …-for-tat tariffs between the United States and China alone affected 2.0 percent of world merchandise trade in 2018. Ongoing trade … a multilateral approach and World Trade Organization reforms …
Persistent link: https://www.econbiz.de/10012646423
Preferential trade agreements have become deeper over time, often encompassing policy areas that go beyond traditional … trade policy, such as investment, competition, and intellectual property rights protection. In the literature, a prominent … adding a policy area to a trade agreement increases the domestic value added of intermediates (forward global value chain …
Persistent link: https://www.econbiz.de/10011902822
Persistent link: https://www.econbiz.de/10012303579
This paper studies the trade effects of Covid-19 using monthly disaggregated trade data for 28 countries and multiple trading partners from the beginning of the pandemic to June 2020. Regression results based on a sector-level gravity model show that the negative trade effects induced by...
Persistent link: https://www.econbiz.de/10012434704
Persistent link: https://www.econbiz.de/10012175240
As awareness of the process of globalization grows and the study of its effects becomes increasingly important to … doing exactly that and more. The first group of essays explores how the process of globalization can be measured in terms of … geography are both considered, along with the controversial issues of globalization's effects on inequality and social justice …
Persistent link: https://www.econbiz.de/10014488296
Persistent link: https://www.econbiz.de/10003502847