Global Production

Global Production PDF

Author: Pol Antràs

Publisher: Princeton University Press

Published: 2020-10-13

Total Pages: 336

ISBN-13: 0691209030

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Global Production is the first book to provide a fully comprehensive overview of the complicated issues facing multinational companies and their global sourcing strategies. Few international trade transactions today are based on the exchange of finished goods; rather, the majority of transactions are dominated by sales of individual components and intermediary services. Many firms organize global production around offshoring parts, components, and services to producers in distant countries, and contracts are drawn up specific to the parties and distinct legal systems involved. Pol Antràs examines the contractual frictions that arise in the international system of production and how these frictions influence the world economy. Antràs discusses the inevitable complications that develop in contract negotiation and execution. He provides a unified framework that sheds light on the factors helping global firms determine production locations and other organizational choices. Antràs also implements a series of systematic empirical tests, based on recent data from the U.S. Customs and Census Offices, which demonstrate the relevance of contractual factors in global production decisions. Using an integrated approach, Global Production is an excellent resource for researchers, graduate students, and advanced undergraduates interested in the inner workings of international economics and trade.

Production Structure and International Trade

Production Structure and International Trade PDF

Author: Makoto Tawada

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 141

ISBN-13: 3642456642

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The present monograph analyses some topics in the pure theory of international trade. They are all concerned with the structure of production to which I have paid particular attention after the completion of my Ph.D. course at University of New South Wales. In my Ph.D. thesis, I studied extensively the production possibility sets under Professor Murray C. Kemp, who kindly contained all my products in his edi ting book, Production Sets (Academic Press, 1982). Since then, I have developed the work to the studies of international trade. The present volume is organized with these studies. Therefore, although the draft was written at Nagoya City University, the works at Tokyo Metropolitan Uni versi ty in 1980, Kobe Uni versi ty of Commerce from 1981 to 1984 and University of New South Wales in 1985 were also substantial. All uni versi ties provided me with comfortable circumstances and good colleagues for my academic work.

The Global Trade Slowdown

The Global Trade Slowdown PDF

Author: Cristina Constantinescu

Publisher: International Monetary Fund

Published: 2015-01-21

Total Pages: 44

ISBN-13: 1498399134

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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.

International Trade in East Asia

International Trade in East Asia PDF

Author: Takatoshi Ito

Publisher: University of Chicago Press

Published: 2007-11-01

Total Pages: 430

ISBN-13: 0226379000

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The practice of trading across international borders has undergone a series of changes with great consequences for the world trading community, the result of new trade agreements, a number of financial crises, the emergence of the World Trade Organization, and countless other less obvious developments. In International Trade in East Asia, a group of esteemed contributors provides a summary of empirical factors of international trade specifically as they pertain to East Asian countries such as China, Japan, Korea, and Taiwan. Comprised of twelve fascinating studies, International Trade in East Asia highlights many of the trading practices between countries within the region as well as outside of it. The contributors bring into focus some of the region's endemic and external barriers to international trade and discuss strategies for improving productivity and fostering trade relationships. Studies on some of the factors that drive exports, the influence of research and development, the effects of foreign investment, and the ramifications of different types of protectionism will particularly resonate with the financial and economic communities who are trying to keep pace with this dramatically altered landscape.

Production Structure in the Context of International Trade

Production Structure in the Context of International Trade PDF

Author: Miroslav Kollar

Publisher: LAP Lambert Academic Publishing

Published: 2012

Total Pages: 60

ISBN-13: 9783847328339

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This work deals with the empirical phenomenon of intra-industry trade, i.e. trade in similar goods between similar countries. It treats this phenomenon from the point of view of the theory of production structure, highlighting the importance of sequential nature of production and heterogeneity and specificity of factors of production. The reader is first exposed to the historical development of production and capital theories. Simple theory of production structure is then presented and a useful tool for the analysis of intra-industry trade is developed. In the following discussion of existing theories of intra-industry trade, we make the case for vertical intra-industry specialization and sliced-up production chains across countries. The reader immediately observes the importance of the production structure theory for the analysis of intra-industry trade. We accordingly apply the concepts of the structure of production on intra-industry trade and analyze, in particular, the time- and place-aspects of international production. Finally, we show the relevance of our approach to intra-industry trade for the analysis of business cycle synchronization and Optimum currency areas theory.

Market Structure and Foreign Trade

Market Structure and Foreign Trade PDF

Author: Elhanan Helpman

Publisher: MIT Press

Published: 1987-02-06

Total Pages: 294

ISBN-13: 9780262580878

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Market Structure and Foreign Trade presents a coherent theory of trade in the presence of market structures other than perfect competition. The theory it develops explains trade patterns, especially of industrial countries, and provides an integration between trade and the role of multinational enterprises. Relating current theoretical work to the main body of trade theory, Helpman and Krugman review and restate known results and also offer entirely new material on contestable markets, oligopolies, welfare, and multinational corporations, and new insights on external economies, intermediate inputs, and trade composition.

Changing Patterns of Global Trade

Changing Patterns of Global Trade PDF

Author: Nagwa Riad

Publisher: International Monetary Fund

Published: 2012-01-15

Total Pages: 87

ISBN-13: 1463973101

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Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.

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