Mapping the realignment of global value chains

Han Qiu, Hyun Song Shin and Leanne (Si Ying) Zhang

No 78, BIS Bulletins from Bank for International Settlements

Abstract: The latest firm-level network data reveal that global value chains have lengthened, although without the accompanying network densification that might indicate that supplier relationships are diversifying. Lengthening of supply chains is especially significant for supplier-customer linkages from China to the United States, where firms from other jurisdictions, notably in Asia, have interposed themselves in the supply chain. Nevertheless, these recent developments have not so far reversed the long-running trend toward greater regional integration of trade in recent decades, especially in Asia.

Pages: 9 pages
Date: 2023-10-03
New Economics Papers: this item is included in nep-cna, nep-int, nep-net and nep-sea
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