Value chain trade has challenged economic implications of conventional trade statistics and transformed bilateral trade relationships into multilaterals. Conventional trade statistics exaggerate trade volumes and bilateral trade imbalances. It is imperative to measure trade in value-added and examine trade relations in the context of global value chains. This book is a collection of research papers on new approaches to measure trade in value added and the role of global value chains in modern international trade. It introduces the input output method for measuring trade and a direct approach for measuring the domestic value added of the People's Republic of China — the center of global assembly. In addition, it shows how to analyze trade relations in the context of global value chains.
Sample Chapter(s)
Chapter 1: Introduction (54 KB)
Contents:
- Introduction (Yuqing Xing)
- Implications of Global Value Chains for Trade Statistics and Trade Policy (Christophe Degain and Andreas Maurer)
- OECD Inter-Country Input–Output Model and Policy Implications (Norihiko Yamano)
- Estimating the Upper Limits of Value Added in the People's Republic of China's Processing Exports (Yuqing Xing)
- An Alternative Measurement for International Fragmentation of the Production Process: An International Input–Output Approach (Satoshi Inomata)
- Share of Imports and Commodities in Consumption and Investment in the United States (Galina Hale and Bart Hobijn)
- Domestic Value Chains in the People's Republic of China and Their Linkages with the Global Economy (Bo Meng)
- The "Fox–Apple" Partnership in the Global Value Chain: How Did Foreign Direct Investment and Contract Manufacturing Reshape the Landscape of the Electronics Industry? (Guoyong Liang)
Readership: Advance postgraduate students and researchers in the field of international economics, particularly those studying global value chains.
Yuqing Xing is the Director of the Capacity Building and Training Department of the Asian Development Bank Institute (ADBI) in Tokyo, Japan. Prior to joining ADBI in September 2011, he was a professor of economics and the director of the Asian Economic Policy Program of the National Graduate Institute for Policy Studies (GRIPS) in Tokyo, where he was the chief architect of the executive training program, Japan-IMF Macroeconomic Seminar for Asia. He has also held positions at the International University of Japan, the United Nations University World Institute for Development Economics Research as well as the Institute of Advanced Studies, and the National University of Singapore.
Dr Xing's research focuses on international trade, FDI, exchange rates, and regional economic integration in Asia. He has published numerous articles in international refereed journals. His published research on the iPhone and the Sino-US trade balance has been discussed widely in the mainstream media, challenging conventional views on bilateral trade statistics and instigating a reform of trade statistics. He earned his bachelor's and master's degrees from Peking University and received a PhD in economics from the University of Illinois at Urbana-Champaign.