Chief Senior Researcher - Institute of Developing Economies, Japan External Trade Organization
Senior Statistician - World Trade Organization
Senior Researcher - Institute of Developing Economies, Japan External Trade Organization
Professor and Director - Research Center of Global Value Chains, University of International Business and Economics (Beijing)
Head of Trade and Competitiveness Statistics Division - Statistics Directorate, Organisation for Economic Co-operation and Development
Head of Structural Policies and Innovation Unit - Development Centre, Organisation for Economic Co-operation and Development
Former Chief Statistician - World Trade Organization
Economist - Trade and Competitiveness, World Bank
Principal Country Economist - IFC
Research Analyst - Development Economics Research Group, World Bank
Research Manager - Trade and International Integration, World Bank
Assistant Professor - University of International Business and Economics
Lead Economist - Trade and Competitiveness, World Bank
Lead Economist, Finance, Private Sector and Infrastructure Group in Latin America and the Caribbean
Today’s official statistical information systems, designed to measure economic activity in a pre-GVC world, have struggled to keep pace with these changes. Conventional measures of trade, important though they remain, measure the gross value of transactions between partners and so are not able to reveal how foreign producers, upstream in the value chain, are connected to final consumers at the end of the value chain. For example, conventional statistics suggest that the Republic of Korea exports a lot to China. In fact, much of this trade consists of components that are ultimately destined for the European and U.S. markets. So it would be more accurate to say for these products that Korea exports a lot to advanced consumer markets.
The importance of the GVC phenomenon has stimulated researchers to develop statistics and analysis based on the value added in trade. The GVC phenomenon also demands that researchers analyze the discrete tasks or phases in the production process. Data are now available on the value added traded among major economies during 1995–2014. This first Global Value Chain Development Report draws on the expanding research that uses data on the value added in trade. Its main objective is to reveal the changing nature of international trade that can be seen only by analyzing it in terms of value added and value chains.