Preferential trade agreements could lead to a reallocation of resources across sectors and countries. Production …, empirical evidence on South-South trade agreements is limited. The purpose of this paper is to fill this gap in the empirical …, and Uruguay over the period 1985-1998. We find that deepened preferential trade liberalization has fostered a reshaping of …

estimates distribution of gains among countries in terms of countries’ shares in total value-added created by trade under GVCs …. Using the OECD-WTO database on Trade in Value Added, this paper shows that 67% of total global value created under global …-added contents. Trade-led growth is more complex than it seems. …