Abstract (may include machine translation)
The goal of this chapter is to summarize the state of the art in research in international trade and global production, and discuss issues relevant to European policymakers. Much of recent research on globalization is primarily empirical, owing to the proliferation of available data. We begin by discussing recent advances in measuring the causes and effects of globalization, and discussing the particular data challenges that have emerged. We then turn to theories of trade and global production, first summarizing the conclusions on which there is a broad consensus in the field. We discuss new insights that may be relevant for policy-makers, and open research questions.
Original language | English |
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Title of host publication | Economics Without Borders |
Subtitle of host publication | Economic Research for European Policy Challenges |
Editors | R Blundell , E Cantillon, B Chizzolini, M Ivaldi, W Leininger, R Marimon, Laszlo Matyas, F Steen |
Number of pages | 36 |
DOIs | |
State | Published - 2017 |
Keywords
- FOREIGN DIRECT-INVESTMENT
- POLICY UNCERTAINTY THEORY
- TRADE LIBERALIZATION
- INTERNATIONAL-TRADE
- PRODUCT DIFFERENTIATION
- FIRM HETEROGENEITY
- INCREASING RETURNS
- INDUSTRIAL-POLICY
- DOMESTIC FIRMS
- SERVICES TRADE