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Book Synopsis
Trade in manufactured goods has expanded rapidly. U.S. manufacturing export share of GDP grew by 140 percent between 1960 and 2006. The share of manufacturing output that is exported quadrupled during that period. This fact is puzzling given that manufacturing has not grown as a nominal share of output. At the same time, vertical specialisation (VS) trade, trade in goods incorporating imported inputs, has expanded rapidly. This book examines vertical specialisation and value-added trade and the significant change in the types of intermediate goods traded globally.

Vertical Specialization & Value-Added Trade

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    A Hardback by Arthur M Davis

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      Publisher: Nova Science Publishers Inc
      Publication Date: Publication Date: 01/03/2011
      ISBN13: 9781612095578, 978-1612095578
      ISBN10: 1612095577

      Description

      Book Synopsis
      Trade in manufactured goods has expanded rapidly. U.S. manufacturing export share of GDP grew by 140 percent between 1960 and 2006. The share of manufacturing output that is exported quadrupled during that period. This fact is puzzling given that manufacturing has not grown as a nominal share of output. At the same time, vertical specialisation (VS) trade, trade in goods incorporating imported inputs, has expanded rapidly. This book examines vertical specialisation and value-added trade and the significant change in the types of intermediate goods traded globally.

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