New measures have opened up insights into the extent and complexity of global production networks. The chapters in this timely book deploy new tools to understand how global value chains change the nature of global economic interdependence, and to assess how that in turn changes our...

A large and growing share of world trade travels by air. We model exporters' choice between fast, expensive air cargo and slow, cheap ocean cargo, which depends on the price elasticity of demand and the value that consumers attach to fast delivery. We use US imports data that provide rich...

1. Infrastructure's role in lowering Asia's trade costs / Douglas H. Brooks -- 2. Trends in Asian trade : implications for transport infrastructure and trade costs / David Hummels -- 3. Trade infrastructure and trade costs : a study of selected Asian ports / Jon Haveman, Adina Ardelean and...