Global value chains (GVCs) break up the production process so at different steps can be carried out in different countries. Today’s official statistical information systems, designed to measure economic activity in a pre-GVC world, have struggled to keep pace with these changes. Conventional...

The increasing internationalization of supply chains is challenging our interpretation of conventional trade statistics, as traditional concepts like country of origin, or the distinction between goods and services, become blurred. This publication, jointly produced by the WTO and the Institute...