Trade regulation may never have been in more flux than it is nowadays. Apart from the emergence of ‘megaregionals’ (more recently, the Regional Comprehensive Economic Partnership – RCEP, or the Comprehensive and Progressive Trans-pacific Partnership–CPTPP) and the difficulties in...

The paper reviews selected implications of trade integration via global value chains (GVC) and identifies gaps in understanding of GVC risks. Despite recent significant progress, many GVC risks remain unknown. The paper also discusses pros and cons of possible strategies to minimise GVC risks...

The Russo-Ukrainian war induced a serious supply-side shock that submerged the world into the fear of imported inflation and a natural resource crisis. So how large is the supply shock so far and how would the impact dissipate to the world? To answer these questions, this paper employs the...

The Russian invasion of Ukraine has caused disruptions in international trade and highlighted the dependency of small open economies in Europe on imports, especially of energy. These events may have changed Europeans' attitude towards globalization. We study two waves of representative...

The Russian invasion of Ukraine has caused disruptions in international trade and highlighted the dependency of small open economies in Europe on imports, especially of energy. These events may have changed Europeans' attitude towards globalization. We study two waves of representative...

The Russian invasion of Ukraine has caused disruptions in international trade and highlighted the dependency of small open economies in Europe on imports, especially of energy. These events may have changed Europeans' attitude towards globalization. We study two waves of representative...

Global supply chains have been growing, but also evolving, for decades. The People's Republic of China (PRC) has been acquiring an increasingly central role in global value chains, but things might be starting to change. The trade war between the United States (US) and the PRC and, especially,...

As countries and firms increasingly seek ways to strengthen the resilience of their supply chains, this paper studies the global economic costs of a decoupling of global supply chains along geopolitical lines as well as in strategic sectors. We explore not only the long-run effects, but also the...

This paper contributes to the developing literature on weaponized interdependence by demonstrating through a case study of American export controls targeting Huawei that global value chain (GVC) analysis is a more appropriate tool to analyze the effects of weaponizing supply chains than the...

Recent contributions on offshoring often assume that firms can freely split their production process into separate steps which can be ranked according to the cost savings from producing abroad. We replace this assumption by the notion of a technologically determined sequence of production steps....