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TRADE IN VALUE-ADDED: CONCEPTS, …
TRADE IN value - added : CONCEPTS, methodologies AND CHALLENGES. (JOINT OECD-WTO NOTE). 1. With the globalization of production, there is a growing awareness that conventional TRADE statistics may give a misleading perspective of the importance of TRADE to economic growth and income and that what you see is not what you get (Maurer and Degain, 2010). This reflects the fact that TRADE flows are measured gross and that the value of products that cross borders several times for further processing are counted multiple times. Policymakers are increasingly aware of the necessity of complementing existing statistics with new indicators better tuned to the reality of global manufacturing, where products are "Made in the World".1. 2. Gross recording of TRADE flows is not an issue by itself; as a matter of fact, they are essential when the focus is on the (increasing) interconnectedness of economies or the study of supply-chains, and global production networks.
TRADE IN VALUE-ADDED: CONCEPTS, METHODOLOGIES AND CHALLENGES (JOINT OECD-WTO NOTE) 1. With the globalization of production, there is a growing awareness that conventional trade
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