In his Inquiry into the Nature and Causes of the Wealth of Nations Adam Smith (1776) considered the phenomenon of division of labor so enormously significant for the creation of a nation’s wealth that he devoted the first three chapters of his book to an investigation of this process. This is...

Maintaining today’s global imbalances would help to overcome the major disproportion of our times – income gap between developed and developing countries. This gap was widening for 500 years and only now, in the recent 50 years, there are some signs that this gap is starting to decrease. The...

1. The development of input trade and production networks in east Asia / Daisuke Hiratsuka and Yoko Uchida -- 2. Vertical Specialization : some evidence from east Asia from 1975 to 2000 / David Hummels and Yoko Uchida -- 3. Some evidence on the nature and growth of input trade / David Hummels...