Mapping the Commonwealth Countries’ Participation in Global Value Chains
Escaith, H. and S. Khorana (2020) 'Mapping the Commonwealth Countries Participation in Global Value Chains', January 2020; MPRA Paper No. 104441
50 Pages Posted: 9 Dec 2020
Date Written: January 1, 2020
This background paper provides a general picture of the characteristics and dynamics of Global Value Chains (GVC) in the Commonwealth countries. The main building blocks of the empirical analysis are based on a measure of inter-industrial linkages between and across between 43 of the 53 Commonwealth countries and sectors for which data were available. Using a trade network perspective, it measures the international flows of value-added and assesses countries’ position within GVCs. After calculating a series of in-depth GVC indicators, the paper assesses the potential for trade creation within the Commonwealth community. This review is complemented by several suggestions of policy and enabling measures aimed at facilitating the participation of those countries that are at the lower end of the value chain.
Keywords: Trade, Commonwealth, input-output, global value chains, inter-industry linkages, regional trade agreements
JEL Classification: C67, F13, F15, F60, O19, O24
Suggested Citation: Suggested Citation