The geographical fragmentation of industrial production alters many of the stylized facts on which trade and trade-and-development models are based, with profound economic and social implications at home. The coexistence of three interconnected dimensions – product, income and finance – has...

The raise of global value chains, closely knitting together firms from many different countries, changed the nature of trade and the relevance of established models and corresponding statistical indicators. What was initially an innovation in business management became so successful that it...

Notwithstanding some progress in market and product diversification - including services - LDCs remain particularly vulnerable to external shocks. With the exception of 2006-2008, the LDCs as a group have systematically recorded a trade deficit. The 2008-2009 global crisis and the bumpy recovery...

A second approach focuses on the relationships existing between the variables themselves, using multi-criteria and graph analysis. Natural resources endowments, on the one hand, and services orientation, on the other one, are among the most determinant variables for defining Trade in Value Added...

A second approach focuses on the relationships existing between the variables themselves, using multi-criteria and graph analysis. Natural resources endowments, on the one hand, and services orientation, on the other one, are among the most determinant variables for defining Trade in Value Added...

LDCs' trade in goods and services changed in the past decade, thanks to the rebalancing of global demand towards large emerging countries and the resulting high international commodity prices. This process led to a wider geographical diversification of LDCs' exports but contributed also to a...

The contagious aspects of recent financial crises in emerging economies demonstrate the need to extend the domain of regional cooperation. This paper presents in a non-technical language the main concepts and challenges behind the coordination of macroeconomic policies in Latin America and the...

When firms trade in “tasks” rather than in final products, the weight of tariffs and transportation costs on factory prices and on international competitiveness is magnified. With goods crossing national borders many times before reaching the final consumer, these trading costs are also...

Building on a recent OECD-WTO data-set, the paper builds a typology of value-added traders according to their economic and trade policy characteristics. In the process, it defines clusters of countries according to the multi-dimensional criteria defined by value-added, economic and trade policy...

The rebalancing of global demand towards large emerging countries and the resulting long-lasting cycle of high international commodity prices had a profound impact on LDC trade, its composition and its distribution. This process contributed to a wider geographical diversification of LDCs'...