We used the United States (US) International Trade Commission's uniquely detailed 1995-2007 PRC customs data to better understand the pattern of trade between the People's Republic of China (PRC) and its two largest trading partners, Japan and the US. Our review finds that only a small share of...

This paper reviews several key implications of international investment and global supply chain fragmentation for the multilateral trading system. Based on existing economic research, I identify a two-fold challenge for policy makers: first, to leverage the trade-liberalizing potential of global...