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Made in the World From Trade in Goods to Trade in Tasks. [email protected] Boeing Dreamliner 787. Source: Graphic News. http://online.wsj.com/article/SB10001424052748704828104576021142902413796.html. Processors , €34, 6%. Memories , €15, 3%. Integr.circuits , €32, 6%.

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Made in the World From Trade in Goods to Trade in Tasks

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Andreas maurer 40wto

Made in the World

From Trade in Goods to Trade in Tasks

[email protected]


Boeing dreamliner 787

Boeing Dreamliner 787

Source: Graphic News


Andreas maurer 40wto

http://online.wsj.com/article/SB10001424052748704828104576021142902413796.html


Andreas maurer 40wto

Processors, €34, 6%

Memories, €15, 3%

Integr.circuits, €32, 6%

Display, €22, 4%

Who Captures Value in Global

Supply Chains?

Case Nokia N95

Camera (5 mp), €17, 3%

Other parts, €59, 11%

Licenses, €21, 4%

Value added

in Nokia’s

internal

support

fns, €169, 31%

(Excl. Operating profit & assemblylistedbelow)

Source:

Jyrki Ali-Yrkkö, Petri Rouvinen, Timo Seppälä & Pekka Ylä-Anttila

ETLA, The Research Institute of the Finnish Economy

Nokia’s

operating

profit, €89, 16%

Final assembly, €11, 2%

Distribution, €19, 4%

Retailing, €60, 11%


Andreas maurer 40wto

Smiley Face

(Source: Business Week International online extra, May 16, 2005, Stan Shih on Taiwan and China)

Added

Value

R&D/Innovation Centre

Global Logistics Center

Higher Added-value and Lower Replacement

Standardisation

Brand

Innovation

Marketing

Value Creation

R&D

Logistics

Design

Assembly

Manufacture

Value-added process

Design

Brand

R&D

Innovation

Marketing

Logistics

Manufacture

Assembly

Standardisation


Andreas maurer 40wto

MIWI publications

Upcoming/Past events

News

MIWI website

Join US

Discussion forum

Recently submitted

articles

Feedback

Links to other websites

Stay Informed

Related articles, documents …

Flyer

Videos


Andreas maurer 40wto

Trade patterns and global value chains in East Asia :

From Trade in Goods to Trade in Tasks

[email protected]


Global production chains ins and outs

Global production chains – Ins and outs

International consumer demand

Emergence of “Trade in tasks”:

Lower applied tariffs

and trade policy incentives

  • Dominance of trade in intermediate goods

  • Development of intra-firm trade

  • Increase of processing trade

Global production chains and world trade

Development of infrastructure

and technological progress

Export processing zones

Outsourcing and offshoring strategies

and FDI

Need for new statistical

measures of international trade


Asian economies have relatively low applied tariffs on imports especially on semi processed goods

Asian economies have relatively low applied tariffs on imports (especially on semi-processed goods)

Source: WTO


Export processing zones account for about 20 of total merchandise exports of developing economies

Export processing zones account for about 20% of total merchandise exports of developing economies

(2006 or most recent year)

: economies with EPZs

Sources: ILO & WTO


Asia is the most attractive fdi destination in the developing regions

Asia is the most attractive FDI destination in the developing regions

(Billions of US$)

Source: UNCTAD


Intermediate goods dominate world non fuel merchandise exports

Intermediate goods dominate world non-fuel merchandise exports

  • Key facts on Asia trade in intermediate goods …

  • Asia’s share in world exports of intermediate goods increases : 35% in 2009

  • Intra-Asian trade is predominant

  • Asia imports more intermediate goods than it exports

  • Intermediate goods traded by Asian economies are more and more sophisticated

  • More and more concentrated trade on few components

Billions of US$

  • … Confirming that:

  • Asia is the “World manufacturer”

  • Asian supply chains boost the regional markets

  • Asian economies present a high degree of industrial specialization

2009 value

Source: UNSD & WTO


Towards a new measure of international trade

Towards a new measure of international trade

  • Traditional statistics present some biases:

    • Multi-counting of trade flows in intermediate goods

    • Difficult attribution of the country of origin of an imported product

  • Measuring trade in value added terms allows:

    • To circumvent the biases observed with traditional statistics

    • To take into account the specificity of trade occurring between the different actors of a production chain


Andreas maurer 40wto

Computers and electronic equipmentexports and their domestic and imported contents (in billions of $ and percentage)

Source: WTO, based on IDE-JETRO Asian Input-Output tables


United states china trade balance traditional versus va measure in billions of us

United States-China trade balanceTraditional versus VA measure (in billions of US$)

Sources: UN Comtrade Database, IDE-JETRO AIO table and WTO estimates


Summary of the benefits of trade in value added analysis

Summary of the benefits of trade in value added analysis

  • A better evaluation of the actual contribution of international trade to an economy

    (incl. development, employment, environment)

  • To highlight the interdependency of economies, and the counter-productive effects of protectionist measures on economies and enterprises they are supposed to protect

  • Better evaluation of the contribution of the services sector on trade

  • Conventional trade statistics need complement for analysing value added – data gaps and how can they be closed (TEC, WIOD, OECD/WTO)


Andreas maurer 40wto

http://www.wto.org/english/res_e/statis_e/miwi_e/miwi_e.htm


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