Trade And Production Fragmentation
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Fragmentation
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Author : Sven W. Arndt
language : en
Publisher: OUP Oxford
Release Date : 2001-02-08
Fragmentation written by Sven W. Arndt and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-02-08 with Business & Economics categories.
"Fragmentation" is a term used in this volume to describe cross-border component specialization and production-sharing. Examination of recent trade data suggests that offshore sourcing of parts and components, as well as offshore assembly, are assuming an increasing role in the world economy. The theoretical implications of this type of specialization are examined in several chapters with the aid of both Ricardian and Heckscher-Ohlin trade models. Production is first decomposed ("fragmented") into its constituent parts and activities, and then it is at this level that factor-intensities and technologies are calibrated. The implications of intra-product specialization and component trade are investigated under conditions of free, restricted, and preferential trade. The role of multinationals is explored and the importance of cross-border service-links among component activities is examined. Overall, extension of the principle of comparative advantage beyond products to the realm of parts and components is welfare-enhancing. Industries take advantage of offshore sourcing in order to reduce costs and increase competitiveness. Component specialization offers new and additional opportunities for the exploitation of scale economies. Across a broad range of conditions, it raises output and employment. Its effects on wages are spelled out. Trade between advanced, high-wage and developing low-wage countries is an obvious candidate for the two-way application of component specialization. The empirical part of the volume presents an evaluation of new data which allow the separation of trade in components and in final products. It also provides assessments of the role of component specialization in the trade of several countries and regions. In addition to their relevance for trade theorists and country specialists, the studies collected in this volume have interesting implications for the conduct of trade policy. They contradict claims that trade with low-wage countries must be welfare-reducing and they suggest new approaches to industrialization and economic development.
Trade And Production Fragmentation
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Author : Francis Ng
language : en
Publisher:
Release Date : 2016
Trade And Production Fragmentation written by Francis Ng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Offshoring Outsourcing And Production Fragmentation
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Author : Mariusz-Jan Radło
language : en
Publisher: Springer
Release Date : 2016-03-29
Offshoring Outsourcing And Production Fragmentation written by Mariusz-Jan Radło and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-29 with Business & Economics categories.
In this book, Radlo increases understanding of offshoring, outsourcing and international production fragmentation, and explains the impact of this phenomenon on the economies and enterprises. Key features include a comprehensive theoretical explanation of offshoring and outsourcing at both macroeconomic and microeconomic level, as well as an explanation of practical consequences of the mentioned phenomenon for the development of the global economy, national economies, concrete industries and enterprises. Unlike other publications, which are often characterized by narrow management or a macroeconomic approach to the analysis of offshoring and outsourcing, Radlo's text offers real insight into the global impact of production fragmentation.
Trade And Production Fragmentation
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Author : Bart?omiej Kami?ski
language : en
Publisher: World Bank Publications
Release Date : 2001
Trade And Production Fragmentation written by Bart?omiej Kami?ski and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Competition categories.
The unprecedented globalization of the production process, dividing up the value chain, has brought the integration of trade and the disintegration of production, with deep implications for the international division of labor. Have Central European economies been able to readjust their production structures to international markets? Three of them: Estonia, Hungary, and Slovakia have done especially well.
Production Fragmentation And Trade Integration
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Author : Prema-chandra Athukorala
language : en
Publisher:
Release Date : 2005
Production Fragmentation And Trade Integration written by Prema-chandra Athukorala and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with East Asia categories.
Global Production And Trade In East Asia
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Author : Leonard K. Cheng
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Global Production And Trade In East Asia written by Leonard K. Cheng and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Global Production and Trade in East Asia focuses on the profound change that the traditional paradigm of production and international trade has undergone in the last two decades or so as a result of worldwide trade and investment liberalization. This ongoing transformation has been both aided and stimulated by advances in telecommunications, transportation, and information management. The liberalization of trade and investment on the one hand and advances in communications technology on the other have further promoted global production networks in which vertical stages of final goods are fragmented across countries. International fragmentation of production, which enables international division of labor not only in final products but also in vertically related components, is more evident than ever before. The book documents the process of international production fragmentation and trade in East Asian economies, studies the mechanics of the process, explores the theory behind the phenomenon, and identifies important policy implications. It focuses on production fragmentation and trade in East Asia because this is the part of the world where the phenomenon is most visible. With contribution by well-known international economics scholars from North America, Europe, and the Asia-Pacific, the book distinguishes itself with high global quality and rich regional content. It achieves a fine balance between theory, policy, and empirical work. This book will interest scholars of international trade, foreign investment and international business, regional specialists in East Asian economies, policymakers and advisors in international economic relations, and anyone else who follows important economic issues of globalization.
The Global Trade Slowdown
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Author : Cristina Constantinescu
language : en
Publisher: International Monetary Fund
Release Date : 2015-01-21
The Global Trade Slowdown written by Cristina Constantinescu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-21 with Business & Economics categories.
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.
Fragmentation In Global Trade Accounting For Commodities
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Author : Marijn A. Bolhuis
language : en
Publisher: International Monetary Fund
Release Date : 2023-03-24
Fragmentation In Global Trade Accounting For Commodities written by Marijn A. Bolhuis and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-24 with Business & Economics categories.
We construct a new database which covers production and trade in 136 primary commodities and 24 manufacturing and service sectors for 145 countries. Using this new more granular data, we estimate spillover effects from plausible trade fragmentation scenarios in a new multi-country, multi-sector, general-equilibrium model that accounts for unique demand and supply characteristics of commodities. The results show fragmentation-induced output losses can be sizable, especially for Low-Income-Countries, although the magnitudes vary according to the particular scenarios and modelling assumptions. Our work demonstrates that not accounting for granular commodity production and trade linkages leads to underestimation of the output losses associated with trade fragmentation.
International Fragmentation Of Production
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Author : Nobuaki Yamashita
language : en
Publisher: Edward Elgar Publishing
Release Date : 2010-01-01
International Fragmentation Of Production written by Nobuaki Yamashita and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-01 with Business & Economics categories.
Using state-of-the-art econometric tools, this book examines the implications of international fragmentation of production for the performance of the Japanese manufacturing industry.The impact of the ongoing process of international fragmentation of production and outsourcing has become a highly contentious issue in developed economies such as the US and Japan. Concerns about deindustrialisation and large-scale job losses - 'the export of jobs' have generated a political backlash against multinationals and globalisation. Using detailed data from Japanese multinationals this book rigorously analyses the Japanese experience and compares and contrasts it with the experience of US manufacturing. The study finds no empirical evidence that expansion of multinational activities in foreign countries produces job losses in the home country. Indeed, when demand induced indirectemployment effects are taken into account the increased profitability of Japanese firms is likely to have increased overall employment in Japan. However, the shift of labour intensive activities to low wage economies associated with the international fragmentation of production generates adjustment pressures and a structural shift in favour of skilled workers in Japanese manufacturing.
International Fragmentation Of Production And The Intrafirm Trade Of U S Multinational Companies Scholar S Choice Edition
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Author : Maria Borga
language : en
Publisher: Scholar's Choice
Release Date : 2015-02-16
International Fragmentation Of Production And The Intrafirm Trade Of U S Multinational Companies Scholar S Choice Edition written by Maria Borga and has been published by Scholar's Choice this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-16 with categories.
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