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ON THE RELEVANCE OF GLOBAL VALUE CHAINS AND THE INTRA-EUROPEAN DIVISION OF LABOUR

Published online by Cambridge University Press:  28 April 2020

Manuel Fritsch  and
Jürgen Matthes
Manuel Fritsch
Affiliation:
IW, Cologne. E-mails: [email protected]; [email protected].
Jürgen Matthes
Affiliation:
IW, Cologne. E-mails: [email protected]; [email protected].
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Abstract

This article first introduces the concept, the rationale, the causes and the genesis of global value chains from a worldwide perspective in the form of a brief overview. In the second empirical section, a closer look is taken at the intermediate trade integration in the EU. In particular, the employment effects of the intermediate trade connections for each EU member state and for selected sectors are highlighted. In the concluding section, it is explained why global value chains are particularly susceptible to rising protectionism. Moreover, tentative implications of the current coronavirus pandemic are pointed out.

Keywords

Global value chainstrade in intermediatessingle marketemployment effects of GVCs.F14F15N14.
Type
Research Article
Information
National Institute Economic Review , Volume 252 , May 2020 , pp. R4 - R18
Copyright
© National Institute of Economic and Social Research, 2020

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Footnotes

This article is based on a study by Fritsch and Matthes (2017) which was commissioned by the Bertelsmann Foundation. It has been revised, thoroughly updated and shortened.

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