Type of Credit: Elective
Credit(s)
Number of Students
This lecture is focused on the relationships between GDP growth and the global trade network, generated (woven) with the warp (vertical specialization) and the weft (horizontal specialization). “Vertical specialization” produces foreign value added of importers for each country through its imports of intermediates. “Horizontal specialization” generates value added for each country through its exports of intermediates to partners. These two specializations (warp and weft) together weave a global network of value chains (close). This lecture aims to develop students’ understanding of this international trade network or so-called “global value chains (GVC), paying special attention to Asia (China, Japan, Korea, Taiwan, etc.), Europe (Germany, France, Italy, etc.), the US, and Russia. Students will increase their ability to assess evidence-based studies on economic growth and trade development.
能力項目說明
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Understand cost-performance (benefits) relationships or material intensity by using the basic concepts of intermediate inputs and value-added (GDP), in selected counties, including Russia. Evaluate conventional foreign trade (exports of resources and imports of intermediate inputs, consumption and investment). In particular, evaluate imports needed for exports. Understand the new concept of bilateral value-added trade among countries through typical case studies and simple data Analyze global value chains of international trade of Russia and selected countries in terms of the value-added trade Critically analyze trade balances/imbalances between advanced and developing/emerging economies. Synthesize the features of the Russian economy through relationships between economic growth (cost-performance) and global value chains in comparison with other economies. Assess evidence-based analyses |
| 教學週次Course Week | 彈性補充教學週次Flexible Supplemental Instruction Week | 彈性補充教學類別Flexible Supplemental Instruction Type |
|---|---|---|
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Week 1 |
Example of the global value chain: iPhone Macro input-output models (1 country & 1 sector) of selected countries:
All data in excel files, employed in the lecture, will be sent to students. |
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Week 2-5 |
The rise of China and the fall of Japan The US-China trade nexus China-Korea-Taiwan nexus Giants India and Indonesia Vietnam and other emerging economies Intra-EU trade and extra-EU trade EU-Russia nexus |
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Week 6-9 |
Vertical specialization through imports Horizontal specialization through exports Macro input-output systems (many countries & 1 sector) of selected countries:
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Week 10-15 |
For each country For country groups (cross-sections) All of the World, EU, ASEAN, APEC, North America, etc. |
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Week 16-17 |
Basic theory The WTO initiative for the global concept with “made in the World” Developments of multinational companies and GVC How to capture the developments of basic structures of the global trade network using the new concept of value-added trade Challenges to Applying the Global unit structure
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Week 18 |
Visualization of Developments in the Global Trade Network Motion pictures are demonstrated, using OECD’s database with 45 sectors and 67 countries/areas for 1995-2018. |
Assessments (due dates, %)
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1 |
Assignment – 1(report) |
Week 5 |
25% |
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2 |
Assignment – 2 (presentation) |
Week 10 |
25% |
|
3 |
Assignment 3 (final test or report) |
Week 18 |
30% |
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4 |
Attendance with own view and opinion |
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20% |
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TOTAL |
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100% |
Resources
There is no specific textbook. Detailed references will be provided at lectures. Some of the selected references are as follows:
Selected References:
Notes: 1. Some of references listed below are based on econometric or mathematical analysis, while this lecture focuses on only their outlines (basic ideas, charts, results and policy implications) without touching details of econometrics and mathematics. 2. The lecturer will provide students with Excel files of all data employed in the lecture. 3. Upon request, the lecturer will provide students with PDF files of all articles and book chapters in the references below.
Available at http://www.adb.org/sites/default/files/publication/156112/adbi-wp257.pdf
2. OECD’s Introduction to GVC
http://www.oecd.org/sti/ind/global-value-chains.htm
3. Elms, K., and P. Low eds. Global Value Chains in a Changing World, World Trade
Organization: Switzerland, 2013.
Available at https://www.wto.org/english/res_e/booksp_e/aid4tradeglobalvalue13_e.pdf
4. WTO and IDE-JETRO, Trade Patterns and Global Value Chains in East Asia:
From Trade in Goods to Trade in Tasks, World Trade Organization: Switzerland,
2011. Available at
https://www.wto.org/english/res_e/booksp_e/stat_tradepat_globvalchains_e.pdf
5. Koopman, R., Z. Wang, and S. Wei. 2014. “Tracing Value-Added and Double Counting in
Gross Exports.” American Economic Review (published by American Economic
Association) 104 (2), 2014:459–94. Doi:10.1257/aer.104.2.459.
6 .Kuboniwa, M. “Russia’s Global Value Chain Using Modified World Input-Output
Data.” Eastern European Economics (published by Taylor & Francis), 53 (4), 2015:
277-308. DOI:10.1080/00128775.2015.1077012
7. Kuboniwa, M. “Global Value Chains among Russia, China, the EU, the USA and Japan.”
paper presented at the European Association of Comparative Economic Studies,
Budapest, September 5, 2015.
Free databases
https://www.oecd.org/sti/ind/inter-country-input-output-tables.htm
http://www.wiod.org/new_site/data.htm