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On the relevance of global value chains and the intra-European division of labour
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External Authors
Fritsch, M
Matthes, J
Related Themes
Labour, Employment and WagesJEL Code
F14, F15, N14
Journal
National Institute Economic Review
Publisher
Cambridge University Press
External Resources
Issue
252
This article first introduces the concept, the rationale, the causes and the genesis of global value chains from a worldwide perspective in the form of a brief overview. In the second empirical section, a closer look is taken at the intermediate trade integration in the EU. In particular, the employment effects of the intermediate trade connections for each EU member state and for selected sectors are highlighted. In the concluding section, it is explained why global value chains are particularly susceptible to rising protectionism. Moreover, tentative implications of the current coronavirus pandemic are pointed out.
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