Expanding the Division of Labour

Trade Costs and Supply Chains in the Global Economy

Datos Bibliográficos

ID20437249
AutoresRichard Pomfret (0000-0002-1950-5856, The University of Adelaide, autor de correspondencia)
Año2014
Volumen54
Número3
Páginas220-241
Fecha de publicación2014-11-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaAustralian Economic History Review (JOURNAL)
Identificadores de la revistaISSN: 0004-8992 • E-ISSN: 1467-8446
EditorialWiley (PUBLISHER • GB)
DOI10.1111/aehr.12047
OpenAlexW1689917141
IdiomaEN
Citas recibidas1
Referencias citadas46

In the pre‐1914 globalisation reduction in trade costs allowed finer specialisation. The quantitative evidence is strong for some components of trade costs, but less so for aggregate trade costs. In the second globalisation, international supply chains have become an important element of the global economy, and we have better data to examine the links between trade costs and supply chains. After a brief review of the standard account of the evolution of supply chains, the article examines the quantitative evidence; regional value chains ( RVC s) are especially strong, but the origins and nature of RVC s differ in Europe, the Americas and Asia. The paper then presents evidence on trade costs, focusing on the years since 1990 when both data and computing facilities became more comprehensive, and analyses the relationship between trade costs and supply chains

Business · Division of labour · Economics · Economy · Element (criminal law) · Globalization · International economics · International trade · Market economy · Supply chain · Value (mathematics) · Global Trade and Competitiveness · Global trade and economics · International Business and FDI