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Vertical specialization and value-added trade / Arthur M. Davis, editor.
- Format:
- Book
- Series:
- Global economic studies.
- Trade issues, policies and laws series.
- Trade Issues, Policies and Laws
- Global Economic Studies
- Language:
- English
- Subjects (All):
- Imports.
- Intermediate goods.
- Industrial procurement.
- Vertical integration.
- Production management.
- International trade.
- Physical Description:
- 1 online resource (156 pages) : illustrations.
- Place of Publication:
- New York : Nova Science Publishers, Inc., 2011.
- Summary:
- Trade in manufactured goods has expanded rapidly. U.S. manufacturing export share of GDP grew by 140 percent between 1960 and 2006. The share of manufacturing output that is exported quadrupled during that period. This fact is puzzling given that manufacturing has not grown as a nominal share of output. At the same time, vertical specialisation (VS) trade, trade in goods incorporating imported inputs, has expanded rapidly. This book examines vertical specialisation and value-added trade and the significant change in the types of intermediate goods traded globally.
- Notes:
- Includes bibliographical references.
- Description based on print version record.
- ISBN:
- 1-5361-1542-8
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