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The expansion of international production networks (IPNs), alternatively referred to as “global value chains” raises important new analytical and policy challenges. This study demonstrates how the growing importance of international product fragmentation and intermediate goods in...
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This paper presents descriptive evidence of specialisation trends and investigates empirically their causes and consequences, analysing the role of policies in this process. Then, based on the insights from the backward looking analysis, it draws global trade and specialisation scenarios up to...
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