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ECE/CES/ - UNECE Homepage
UNITED NATIONS ECONOMIC COMMISSION FOR EUROPE Guide to Measuring Global Production UNITED NATIONS NEW YORK AND GENEVA, 2015 NOTE The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning delimitation of its frontier or boundaries. ECE/CES/ 38 Guide to Measuring Global Production iii Preface Ever increasing globalization has challenged our ability to fully understand the national and international macro-economic story for many decades. A feature of these developments has been the extended reach of international production and supply chains, whether these relate to the production of automobiles, bicycles, pharmaceuticals or elements of the information and communications technology industries.
Background In recent years, significant steps have been taken to improve international accounting standards of national accounts and balance of payments with respect to recording transactions of enterprises participating in global production.
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