While the IPN phenomenon has accelerated trade and investment linkages between countries in East and South-East Asia, the remainder of the region has not matched those countries in this process. The objective of this study is to explore the reasons for this by using India’s performance in the...

The expansion of international production networks (IPNs), alternatively referred to as “global value chains” raises important new analytical and policy challenges. This study demonstrates how the growing importance of international product fragmentation and intermediate goods in...