While Korea since several decades promotes an infrastructure project called "iron silk road", to link it with European markets, but also to integrate North Korea more into the world economy, these ideas largely ended nowhere. Instead, the Chinese proposal of the "One Belt, one Road" (short BRI)...

The expansion of global value chains during the past 20 years has widened the gap between export value and domestic value added, diminishing the per-unit contribution of exports to the country's economic growth. Thus, policies now need to target creating value added rather than increasing gross...

This study focuses on the implications of rising global value chains (GVCs) on international trade and analysis the impacts on small open economies. Small open economies rely heavily on international trade and are highly integrated in global production networks but have so far been hardly...