The emergence of global value chains (GVCs) has opened up the possibility of functional specialisation as a new dimension of the international dimension of labour. Along with the usual gains from trade associated with specialisation according to comparative advantages, the functional...

There is evidence that Europe's manufacturing activity is increasingly concentrated in a Central European (CE) core which the IMF in a recent publication also refers to as the German-Central European supply chain. This CE manufacturing core is dominated by Germany and in addition comprises...

Abstract Manufacturing activity in the EU is increasingly concentrated in a Central European (CE) manufacturing core, implying divergent paths of structural change across Member States. This 'manufacturing divide' within Europe coincides with deepening economic integration in general and the...

Global value chains (GVCs) are increasingly seen as a part of the industrial policy toolkit as they facilitate the entry into global markets and MNEs have greater incentives to share knowledge within their production network. Making use of international input-output data for 53 countries, this...

According to the 'smile curve hypothesis' the potential for generating value added varies significantly across the various functions along a firm's value chain. It suggests in particular that the production stage is the least promising value chain function in the entire manufacturing process....

This study investigates in detail value chain trade of the EU and its Member States, compares it to that of other trading blocs and regions such as NAFTA and East Asia, and delves into implications of value chain trade on specialisation and competitiveness as well as on the declining income...

This research report investigates the relationship between the growing integration into global and regional value chains (VCs) and structural change in the South and South East Asian (SEA) region. The analysis includes a sample of 60 developed and developing countries covered in the OECD's...

An 'Appropriate Industrial Policy' for Peripheral and Catching-up Economies The global economy has been undergoing rapid structural change the impressive development processes in a range of emerging economies have induced strong shifts in global trade shares; international production networks...