Geographically dispersed production networks have allowed countries to specialise in different functions of the value chain. By making use of two methodologies for quantifying the magnitude of functional specialisation - one based on trade flows and one based on FDI flows - detailed profiles of...

This paper analyses the role of services in international trade through the lens of global value chains (GVCs). Services account for more than 70% of world GDP but only for around 20% of world trade in balance of payments terms. In value added terms, accounting for services embodied in exported...

Global value chains (GVCs) provide countries with opportunities to diversify trade, and boost productivity and growth by specializing in one stage of the production process. However, for the most part, Latin America and the Caribbean participation in GVCs remains low (18 percent) compared to...

Purpose – The purpose of this paper is to clarify the distinction between Global Value Chains and selected strands of the business literature: business networks, strategy, and international business. These four research areas have starting questions that are often different and the audiences...

Deutsche Unternehmen haben sich überwiegend gut auf den internationalen Märkten positioniert. Sie haben ihre Strukturen konsolidiert und sich auch für wirtschaftlich schwächere Zeiten vorbereitet. Sie organisieren mit Effizienz und Erfolg globale Netzwerke und sind dennoch zu einem guten...