Integration in global value chains might not increase exposu

Environmental, political, economic, and health disruptions in recent years have helped fuel concerns that too much interdependence through global value chains may be a problem. This column compares the relative effects of a domestic demand shock to those of a global value chain-related shock and concludes that engagement in global value chains allows unexpected shocks to

Related Keywords

Barrot , Auvergne , France , Sauvagnat , Limousin , Gvcs Ferrari , Journal Of International Economics , Production Networks , Propagation Of Idiosyncratic Shocks In Production Networks , World Bank , World Integrated Trade Solutions , Ferrari , World Bank Policy Research Working Paper , Herfindahl Hirschman Index , Global Supply Chains , What We Know , What We Need , Annual Review , Chain Trade , Global Patterns , Several Testable , World Economy , Macroeconomic Impact , Microeconomic Shocks , Beyond Hulten , Idiosyncratic Shocks , Quarterly Journal , Economic Analysis , Inter Country Input Output , Stata Journal , Banque De France Working Paper , Supply Chains , International Economics , Global Value , Value Chains , Economics , Development , Research , Policy , Development Economics ,