GLOBALIZATION AND TRADE FLOWS: WHAT YOU SEE IS NOT WHAT YOU GET!

Andreas Maurer () and Christophe Degain ()
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Andreas Maurer: Economic Research and Statistics Division, World Trade Organization, Switzerland
Christophe Degain: Economic Research and Statistics Division, World Trade Organization, Switzerland

Journal of International Commerce, Economics and Policy (JICEP), 2012, vol. 03, issue 03, 1-27

Abstract: The trade collapse that followed the global financial crisis of 2008–2009 has led to a renewed interest in measurement issues affecting international merchandise trade statistics in the new globalized economy. The international fragmentation of industrial production blurs the concept of country of origin and calls for the production of new statistics on the domestic content of exports, with a view of estimating trade in value added. In 2010, the international statistical community revised the concepts and definitions on both international merchandise trade and trade in services statistics. This paper discusses the various issues related to the concepts of "goods for processing" and "intra-firm trade" in trade statistics, and provides an overview of the method of analyzing the impact of the fragmentation of production in international value chains.

Keywords: Multinational corporations (MNCs); trade statistics; goods for processing; intra-firm trade; trade in intermediate products; trade in value added; C49; F13; F23; F49 (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1142/S1793993312500196

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