Is There a Trend Towards Global Value Chain Specialization? - An Examination of Cross Border Sales of US Foreign Affiliates

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Is There a Trend Towards Global Value Chain Specialization? - An Examination of Cross Border Sales of US Foreign Affiliates

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dc.contributor.author Beugelsdijk, Sjoerd en_US
dc.contributor.author Pedersen, Torben en_US
dc.contributor.author Petersen, Bent en_US
dc.date.accessioned 2009-02-04T10:27:17Z
dc.date.available 2009-02-04T10:27:17Z
dc.date.issued 2008-07-30T00:00:00Z en_US
dc.identifier.isbn 9788791815379 en_US
dc.identifier.uri http://hdl.handle.net/10398/7423
dc.description.abstract In this study we discuss and empirically test the assertion that over the last two decades multinational enterprises’ (MNEs’) configuration of value-adding activities has shifted from a sparse and simple (host-home) international division of labor among the foreign affiliates to a more specialized and ‘advanced’ global value chain configuration in which MNEs locate finesliced parts of the value chain at the most efficient locations. Using data on trade flows of U.S. affiliates in 56 host countries between 1983 and 2003 we find some indications of a trend in the direction of global value chain specialization. In particular among US affiliates in developing countries the proportion of host-host, intra-firm trade has increased significantly during the observed period of time. Conversely, the proportion of host-home and inter-firm trade has diminished. We interpret this as indicating both value chain disaggregation (vertical specialization) and MNEs’ systematic exploitation of factor cost differentials across countries. We also find that the absolute levels of all types of trade flows have increased. Hence, it is the relative, and not the absolute, changes in the trade flow patterns of US affiliates that gives credibility to the global value chain assertion. en_US
dc.format.extent 49 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working paper;2008-24 en_US
dc.title Is There a Trend Towards Global Value Chain Specialization? - An Examination of Cross Border Sales of US Foreign Affiliates en_US
dc.type wp en_US
dc.accessionstatus modt08jul30 nijemo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Center for Strategi og Globalisering en_US
dc.contributor.departmentshort SMG en_US
dc.contributor.departmentuk Center for Strategic Management and Globalization en_US
dc.contributor.departmentukshort SMG en_US
dc.idnumber 9788791815379 en_US
dc.publisher.city København en_US
dc.publisher.year 2008 en_US


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