Rethinking Competitiveness: The Global Value Chain Revolution

Timmer, M., Los, B., Stehrer, R. & de Vries, G., 26-Jun-2013

Research output: Other contributionPopular

The rise of global value chains (GVCs) is posing new challenges to analyses of countries’ competitiveness. Commonly used measures such as gross exports and revealed comparative advantage are becoming obsolete. This column presents a new measure called ‘global-value-chain income’ that is based on the value added by countries along the international production chain. It shows how this measure can be derived from existing industry-level data and how it changes our view on a country’s competitive strengths.
Original languageEnglish
TypeColumn VOX CEPR's Policy Portal
Media of outputInternet
Publication statusPublished - 26-Jun-2013

ID: 15919582