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International trade in manufacturing goods has risen strongly over the past decades, contributing to the expansion of global value chains (GVCs). This paper studies how two factors contributed to this rise since 1970: (i) declining "border effects" that are arguably related to the ICT revolution...
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experienced lower import and export growth at both the intensive and extensive margins, compared to those in the unaffected …-intensive, upstream in the supply chains, and differentiated experienced a smaller export decline but a stronger recovery. Small exporters …
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affected through workers' morbidity and containment policies. It then estimates how escalating export restrictions to shield … pandemic, the global export supply of food could decrease between 6 and 20 percent and global prices increase between 2 and 6 … percent on average. Escalating export restrictions would multiply the initial shock by a factor of 3, with world food prices …
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