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What global fragmentation means for the WTO : Article XXIV, behind-the-border concessions, and a new case for WTO limits on investment incentives

Blanchard, Emily J. - 2014 - Manuscript date: December 19, 2013

The rapid rise in global fragmentation - foreign investment, global supply chains, and 'production sharing' - is fundamentally reshaping the multilateral trading system. This paper uses a simple economic modeling framework to understand how the global fragmentation phenomenon may reshape the...

Persistent link: https://www.econbiz.de/10010240627

Services and global value chains : some evidence on servicification of manufacturing and services networks

Lanz, Rainer; Maurer, Andreas - 2015 - Manuscript date: February 2015

). Services account for more than 70% of world GDP but only for around 20% of world trade in balance of payments terms. In value … added terms, accounting for services embodied in exported goods, services account for 40% of world trade. However, the …

Persistent link: https://www.econbiz.de/10010487579

The impact of geopolitical conflicts on trade, growth, and innovation

Góes, Carlos; Bekkers, Eddy - 2022 - Manuscript date: 10 June 2022

Geopolitical conflicts have increasingly been a driver of trade policy. We study the potential effects of global and persistent geopolitical conflicts on trade, technological innovation, and economic growth. In conventional trade models the welfare costs of such conflicts are modest. We build a...

Persistent link: https://www.econbiz.de/10013270793

Comparing different approaches to tackle the challenges of global carbon pricing

Bekkers, Eddy; Cariola, Gianmarco - 2022 - Manuscript date: 21 June 2022

Climate change mitigation faces two main policy challenges: the need for global cooperation to tackle the collective action problem and the need to share the burden of global carbon pricing fair way following the principle of common but differentiated responsibility (CBRD). In this paper we...

Persistent link: https://www.econbiz.de/10013270795

COVID-19 and global value chains : a discussion of arguments on value chain organization and the role of the WTO

Bacchetta, Marc; Bekkers, Eddy; Piermartini, Roberta; … - 2021 - Manuscript date: 11 January 2021

Since the outbreak of the COVID-19 pandemic there has been a discussion among researchers and policy makers about changes to global value chains, both about expected changes and changes that should be promoted by government policies. In this paper we conduct an in-depth analysis of the reasons...

Persistent link: https://www.econbiz.de/10012419255

Footloose global value chains : how trade costs make a difference

Jakubik, Adam; Stolzenburg, Victor - 2019 - Manuscript date: November 2019

The geography of global value chains (GVCs) depends crucially on trade costs between countries hosting various stages of production. Some stages might be more sensitive to trade costs than others. In this paper, we exploit a value-added decomposition of bilateral trade flows to distinguish low...

Persistent link: https://www.econbiz.de/10012126085

Africa's integration in the WTO multilateral trading system : academic support and the role of WTO Chairs

Smeets, Maarten - 2021 - Manuscript date: 22 February 2021

The Marrakesh Agreement establishing the WTO recognizes the need for positive efforts designed to ensure that developing countries and especially the least developed among them secure a share in the growth in international trade commensurate with the needs of their economic development.This...

Persistent link: https://www.econbiz.de/10012436848

How will global trade patterns evolve in the long run?

Bekkers, Eddy; Corong, Erwin L.; Métivier, Jeanne; … - 2023 - Manuscript date: 31 January 2023

In this paper the evolution of global trade patterns until 2050 is projected with a recursive dynamic computable general equilibrium (CGE) model. Feeding the model with exogenous projections on macroeconomic, demographic, sectoral and trade cost variables, the evolution of trade patterns emerges...

Persistent link: https://www.econbiz.de/10013535798

Is the global economy fragmenting?

Blanga-Gubbay, Michael; Rubínová, Stela - 2023 - Manuscript date: 30 November 2023

decoupling between the world's two largest economies. Results based on gravity model regressions with high-dimensional fixed … other hand, we find no evidence of an increased regionalisation of world trade since the shock of the COVID-19 pandemic or … the war in Ukraine. Therefore, our results suggest that near-shoring strategies did not have a large impact on world trade …

Persistent link: https://www.econbiz.de/10014437262