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The paper offers an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). It outlines a series of alternative interpretations and definitions of what the rise of GVCs entails, and it traces the implications of these alternative conceptualizations for the...
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approach" to measuring the relevance of global production sharing in the world economy, and we also offer a critical evaluation … of the country- and industry-level datasets (or World Input Output Tables) that have been used to date. We next discuss …-level quantitative frameworks that are easily calibrated with World Input Output Tables, and that open the door for counterfactual …
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