Recent theoretical work has posited that many industries have become hypercompetitive, characterized by volatile or transient competitive advantage. This study documents the spread of hypercompetition in the US manufacturing sector from 1950 to 2002. In so doing, the study provides careful...

Global value chains have fundamentally transformed international trade and development in recent decades. We use matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese firms position themselves in global production lines and...