The G-20 has been established more than 10 years ago as a reaction to the Asian financial crisis without - at first - gaining much weight on the international scene, however, the financial crisis of 2007/08 has caused a re-vitalization on a higher level, namely as body of the "G-20 Leaders". The...

We show that traditional gravity variables play a significant role in explaining trade flows related to global value chain participation. We find evidence that cooperation costs - measured by linguistic and geographical proximity - are more relevant for trade that reflects cross-border...