International fragmentation of production has become increasingly prominent since the 1990s and trade in final goods is increasingly replaced by trade in tasks. This challenges many economic convictions in development economics, from the neoclassical understanding of gradual convergence to the structuralist models of North-South dependence and industrialisation through import substitution.
Global value chains, trade, jobs, and environment: The new WIOD database
Hubert Escaith, Marcel Timmer, 13 May 2012
Topics: International trade
Tags: fragmentation, input-output tables, value chains
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