It has become increasingly common to produce goods in a number of geographically dispersed stages linked by international trade. This tendency, known by names such as “production fragmentation”, 'processing trade', and 'vertical specialization', has important implications for the analysis of...

It has become increasingly common to produce goods in a number of geographically dispersed stages linked by international trade. This tendency, known by names such as “production fragmentation,” “processing trade,” and “vertical specialization,” has important implications for the...