This paper surveys the recent body of work in economics on the importance of global value
chains (GVCs) in sha** international trade flows and production patterns. On the empirical …

Recent decades have seen the emergence of global value chains (GVCs), in which
production stages for individual goods are broken apart and scattered across countries …

Global supply chains have come under unprecedented stress as a result of US-China trade
tensions, the Covid-19 pandemic, and geopolitical shocks. We document shifts in the pattern …

Global linkages are changing amidst elevated geopolitical tensions and a surge in policies
directed at increasing supply chain resilience and national security. Using granular bilateral …

Firms and policy makers are increasingly looking at friend-shoring to make supply chains
less vulnerable to geopolitical tensions. We test whether these considerations are sha** …

By exploiting new macroeconomic data known as foreign affiliates statistics, we show that
affiliates of foreign multinational firms are an order of magnitude more profitable than local …

The idea behind the spillover effect of FDI on economic growth is based on the idea that
multinational companies can bring technological innovation and rich knowledge to host …

We study the effects of becoming a supplier to multinational corporations (MNCs) using tax
data tracking firm-to-firm transactions in Costa Rica. Event study estimates reveal that …

Economic, technological, and political shifts as well as changing business strategies have
driven firms to unbundle production processes and disperse them across countries. Thanks …

Research in international trade has changed dramatically over the last twenty years, as
attention has shifted from countries and industries towards the firms actually engaged in …