In a world where trade policies and trade alliances are changing, global value chains are likely to be affected, with implications for policymakers seeking economic development through value chain integration.This column combines information on the value-added decomposition of gross exports with information from the World Bank’s Content of Preferential Trade Agreements Database to examine which policy mixes are more conducive for value chain activity. Value-chain players are found to prefer more integrated regions.
Mauro Boffa, Marion Jansen, Olga Solleder, 15 December 2018
Toke Aidt, Martin Gassebner, 16 December 2008
Are autocracies less integrated in the world economy than democracies? This column provides an overview of recent research on this question and argues that autocratic states trade less with the rest of the world than democracies. This may be one reason why many autocracies have failed to develop economically.
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