India in global production network trade : patterns and policy implications

Perhaps the most distinctive feature of international trade in recent years is the rise of multistage global production networks in which firms fragment manufacturing production across borders by locating individual production stages in the countries where they can be performed at least cost (Jones in Globalisation and the theory of input trade. Harvard University Press, Massachusetts, 2000; Helpman in Understanding global trade. Harvard University Press, Massachusetts, 2011).