Today’s international trade in goods is driven mainly by the growth of exports and imports of the South.Emerging countries naturally gain global market shares in manufactured goods from old industrialized countries, including Europe. This trend has became even more pronounced during the last...

In this article, we examine the dynamics of Global Value Chains (GVCs) since the 2000s. Did it show a marked expansion up to the Great Recession and did GVCs begin a downturn in the 2010s? To better understand the evolution of GVCs at the world level, we use very detailed trade data for 2000 to...