This report summarizes 39 detailed ETLA case studies of global value chains (GVCs). The findings suggest that the value added in global value chains is less tied to their tangible aspects than what conventional wisdom suggests. Intangible aspects of GVCs tend to be more important, but their poor...

The current crisis is different from the situation 2008/2009, but again it is a tremendous chal-lenge for the economies across Europe. The Corona-crisis is hitting the economies symmetri-cally, though with differences in magnitude levels, while the 2009 crisis was primarily a crisis of the...

<Para ID="Par1">Global value chains, GVCs, have had a transformative impact on the world economy since the early 1990s. We study 45 specific GVCs with company-confidential invoice-level data. We find that the case companies’ headquartering functions capture a large share of the overall value added, 27 % on...</para>