Global value chain dependencies under the magnifying glass:
Policy makers are increasingly grappling with the stability implications of global value chains (GVCs), as widespread supply shortages following the COVID-19 pandemic and the Russian Federation's large-scale aggression against Ukraine have disrupted the economic recovery and contributed to high...
Gespeichert in:
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| Weitere Verfasser: | , , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2023
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| Schriftenreihe: | OECD Science, Technology and Industry Policy Papers
no.142 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Policy makers are increasingly grappling with the stability implications of global value chains (GVCs), as widespread supply shortages following the COVID-19 pandemic and the Russian Federation's large-scale aggression against Ukraine have disrupted the economic recovery and contributed to high inflation. This paper provides a tool to assess vulnerabilities in GVCs by drawing a detailed map of dependencies based on new indicators constructed from the OECD Inter-Country Input-Output tables. The key findings are as follows. First, GVC dependencies increase with both the size of foreign exposures and the length of foreign value chains. Second, in some industries, such as the automotive and ICT industries, vulnerabilities from high GVC dependence are amplified by high geographic concentration of suppliers or buyers. Third, the People's Republic of China is the most critical choke point in GVCs across a broad range of industries, both as a dominant supplier and as a dominant buyer. |
| Beschreibung: | 1 Online-Ressource (41 p.) 21 x 28cm. |
| DOI: | 10.1787/b2489065-en |
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| spelling | Schwellnus, Cyrille VerfasserIn aut Global value chain dependencies under the magnifying glass Cyrille, Schwellnus ... [et al] Paris OECD Publishing 2023 1 Online-Ressource (41 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Science, Technology and Industry Policy Papers no.142 Policy makers are increasingly grappling with the stability implications of global value chains (GVCs), as widespread supply shortages following the COVID-19 pandemic and the Russian Federation's large-scale aggression against Ukraine have disrupted the economic recovery and contributed to high inflation. This paper provides a tool to assess vulnerabilities in GVCs by drawing a detailed map of dependencies based on new indicators constructed from the OECD Inter-Country Input-Output tables. The key findings are as follows. First, GVC dependencies increase with both the size of foreign exposures and the length of foreign value chains. Second, in some industries, such as the automotive and ICT industries, vulnerabilities from high GVC dependence are amplified by high geographic concentration of suppliers or buyers. Third, the People's Republic of China is the most critical choke point in GVCs across a broad range of industries, both as a dominant supplier and as a dominant buyer. Science and Technology Economics Trade Industry and Services Haramboure, Antton MitwirkendeR ctb Samek, Lea MitwirkendeR ctb Chiapin Pechansky, Ricardo MitwirkendeR ctb Cadestin, Charles MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/b2489065-en Volltext |
| spellingShingle | Schwellnus, Cyrille Global value chain dependencies under the magnifying glass Science and Technology Economics Trade Industry and Services |
| title | Global value chain dependencies under the magnifying glass |
| title_auth | Global value chain dependencies under the magnifying glass |
| title_exact_search | Global value chain dependencies under the magnifying glass |
| title_full | Global value chain dependencies under the magnifying glass Cyrille, Schwellnus ... [et al] |
| title_fullStr | Global value chain dependencies under the magnifying glass Cyrille, Schwellnus ... [et al] |
| title_full_unstemmed | Global value chain dependencies under the magnifying glass Cyrille, Schwellnus ... [et al] |
| title_short | Global value chain dependencies under the magnifying glass |
| title_sort | global value chain dependencies under the magnifying glass |
| topic | Science and Technology Economics Trade Industry and Services |
| topic_facet | Science and Technology Economics Trade Industry and Services |
| url | https://doi.org/10.1787/b2489065-en |
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