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National Competitiveness, Scalability of International Value Chains and Location of Production

Washington, DC, April 16-17, 2013

Compnet Research Network, European Central Bank and Eurosystem

Peterson Institute for International Economics

International Trade Department, World Bank 

Global Value Chains (GVCs) have grown substantially due to the increased supply of cheap labor, growing domestic markets in developing economies, and reductions in economic barriers to international trade and transportation costs. Recently, however, GVCs have undergone dramatic changes as companies seek to improve performance in their product life-cycles, unlock untapped value, and grow in a sustainable manner. New important determinants of value chain location are emerging, such as the advantages of manufacturing proximity to demand, the importance of integrated regional markets, and the increasing competitiveness of the North. The latter is driven by the so-called "digital energy revolution", which is making US energy costs among the lowest worldwide. This conference explored the domestic policy options for countries with different levels of income and economic endowment to attract investment and host segments of 21st century value chains in a durable and profitable way.

  • Day 1 presented analytical findings from some of the latest research on GVCs.
  • Day 2 drew on the analytical insights from the academic papers presented on Day 1 via a luncheon policy panel. The panel brought together top experts from the private sector, academia and policymaking institutions to explore the effective needs of the private sector, as well as public policy’s role in helping countries fully benefit from their participation in value chains, in upgrading their position within GVCs and in creating spillovers to the domestic economy.

CONFERENCE AGENDA (including links to research papers) |  SPEAKER BIOS

Paul VeenendaalIdentifying hubs and spokes in global supply chains using redirected trade in value added 
Thibault FallyQuantifying Upstreamness in East Asia: Insights from a Coasian Model of Production Staging 
Giorgio Barba NavarettiDiscussion Session on Methodological Aspects 
Sebastien MiroudotDiscussion Session on first round of papers 
Rita CapparielloGlobal Value Chains: A View from the Euro Area 
Robert LawrenceThe Surprising Implications of Lenient Rules of Origin 
Caroline FreundDiscussion Session on Regional Applications 
Kalina ManovaFirms and Credit Constraints along the Value-Added Chain: Processing Trade in China 
Nikolas J. ZolasThe Role of Intellectual Property in Value-Added Trade in Global Value Chains 
Paola ConconiDiscussion Session on Financial and Property Rights Aspects 
Marcel TimmerFragmentation, incomes and jobs: an Analysis of European Competitiveness 
Robert StehrerOffshoring and the Elasticity of Labour Demand 
Rudolfs BemsImplications for Measuring Competitiveness 
Filippo di MauroMain Conclusions from the Conference

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