scholarly journals Five Facts about Value-Added Exports and Implications for Macroeconomics and Trade Research

2014 ◽  
Vol 28 (2) ◽  
pp. 119-142 ◽  
Author(s):  
Robert C. Johnson
Keyword(s):  
Supply Chains ◽  
Trade Policy ◽  
Comparative Advantage ◽  
Trade Balance ◽  
Value Added ◽  
Global Supply Chains ◽  
Manufacturing Trade ◽  
The Impact ◽  
Over Time

Due to the rise of global supply chains, gross exports do not accurately measure the amount of value added exchanged between countries. I highlight five facts about differences between gross and value-added exports. These differences are large and growing over time, currently around 25 percent, and manufacturing trade looks more important, relative to services, in gross than value-added terms. These differences are also heterogenous across countries and bilateral partners, and changing unevenly across countries and partners over time. Taking these differences into account enables researchers to obtain better quantitative answers to important macroeconomic and trade questions. I discuss how the facts inform analysis of the transmission of shocks across countries; the mechanics of trade balance adjustments; the impact of frictions on trade; the role of endowments and comparative advantage; and trade policy.

scholarly journals The Impact of the Rise Global Supply Chains on the New Tendencies in the Contemporary Foreign Trade Policy

2018 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Zdzisław W. Puślecki
Keyword(s):  
Political Economy ◽  
Foreign Trade ◽  
Supply Chains ◽  
Trade Policy ◽  
Multinational Firms ◽  
The Political ◽  
Global Supply Chains ◽  
Foreign Trade Policy ◽  
Theoretical Contribution ◽  
The Impact

The main aim of the article is indication of impact of the rise global supply chains on the new tendencies in contemporary foreign trade policy. The subject of the discussion and theoretical contribution in the undertaken research program is presents new tendencies in international trade—the rise of global supply chains, the impact of the rise global supply chains on the political economy of trade and countries motivations for cooperating on trade policies and the rise of global supply chains and increasing importance of bilateral agreements in the foreign trade policy. It is important to underline that a few multinational firms are responsible for a major share of world trade and for the rise of global supply chains. On the one hand, these firms should support regulatory harmonization across different Preferential Trade Agreements (PTAs) in order to lower trade costs. On the other hand, they might also resist harmonization—and encourage certain non-tariff measures—in order to prevent new competitors from entering markets. This may partly explain the persistence of regulatory divergence, and suggests that the political economy of regulatory convergence, especially in the conditions of the rise global supply chains, may be more important and more complex than is sometimes suggested. 

An evaluation of value-transfer within a modular supply chain

2003 ◽  
Vol 217 (7) ◽  
pp. 521-527 ◽  
Author(s):  
D Doran ◽  
R Roome
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Value Added ◽  
Value Transfer ◽  
Second Tier ◽  
The Impact ◽  
The Continuum

The paper explores the impact that modularization is having on the structure of supply chains in general and on the role of first-tier suppliers in particular. Two concepts are presented to illustrate firstly the need to redefine the term ‘first-tier’ supplier and secondly to determine how and why value can be transferred within a modular supply chain. The first concept, the ‘continuum of first-tier suppliers’, contends that only certain ‘first-tier’ suppliers will be able to compete within a modular environment, whilst the second concept, ‘value-added second tier’ examines the role (in many cases, the enlarged role) that second-tier suppliers are likely to play within a modular landscape.

112 How Will the Purebred Association Adapt to a Changing Beef Industry?

2021 ◽  
Vol 99 (Supplement_1) ◽  
pp. 39-39
Author(s):  
Mark McCully
Keyword(s):  
Supply Chains ◽  
Genetic Information ◽  
Gene Editing ◽  
Value Added ◽  
Beef Industry ◽  
Breed Improvement ◽  
Pull Through ◽  
Optimum Production ◽  
Selection Tools

Abstract The role of the breed association has historically been to keep a registry of a pure breed, aggregate the performance data surrounding that one breed, develop breeding and selection tools, and conduct breed promotion. Larger associations have been able to augment that with operating magazines and other media, running branded beef programs, feeder calf marketing programs, and genetic evaluation for other breeds. The relevance of breed associations is being and will continue to be challenged as genomics and large commercial databases develop and allow for breeding and selection tools to be developed independently by large breeders or private entities. Gene editing and other such technology will also challenge the traditional seedstock models and opens the door for proprietary genetic lines. Breed associations may need to modify their traditional policies to incorporate these innovations. Supply chains will continue to become far more sophisticated and will incorporate more genetic information to guide management decisions and potentially validate brand promises around sustainability. To stay relevant, breed associations of the future will need to do the following: Balance the needs of diverse membership (show, hobby, lifestyle, etc.) with commercial industry value and significance. Have access to large amounts of data and be leaders in adopting the most current technologies. Deliver tools for breeders that enhance the profitability of commercial producers – identify optimum production levels vs maximum outputs. Work collaboratively with multiple supply chains providing the needed genetic information. Be a significant educational resource to breeders and commercial producers. Be a leader in research on breed improvement and genetic advancement. Have value-added programs that create real and sustained pull-through demand for the end product.

scholarly journals OIL AND NATURAL GAS TRADE BALANCE AND PRODUCTION EFFECTS IN THE EUROPEAN UNION AND BLACK SEA ECONOMIC COOPERATION COUNTRIES

2017 ◽  
Vol 16 (3 (2017)) ◽  
pp. 261-283
Author(s):  
Evangelos Siskos ◽  
Konstantia Darvidou
Keyword(s):  
European Union ◽  
Natural Gas ◽  
Black Sea ◽  
Trade Balance ◽  
Value Added ◽  
Economic Cooperation ◽  
Close Link ◽  
Oil And Natural Gas ◽  
The Impact ◽  
The Eu

Most European Union and Black Sea Economic Cooperation countries are net importers of petroleum and natural gas. Searching for new deposits and construction of new pipelines can improve energy security in the region. The problem is topical for Greece which has a developed refinery industry and needs to improve its trade balance to repay the accumulated external and public debt. Several new pipeline initiatives through Greece can support relations between the EU and BSEC countries. The paper provides previous research review about energy dependency and the effects of trade, production and transportation of hydrocarbons. Next we provide analysis of the effect of the trade on balance of payments in both the EU and BSeC countries. Import dependency of GDP on oil and natural gas is especially large in Malta, Georgia, Ukraine, Serbia and Latvia. On the other hand Russia and Azerbaijan are large net exporters of hydrocarbons. Then we analyse the impact of mining on labour market and refinery industry development. On average larger value added in mining leads to larger employment at least for males and middle age group of people. But the effect largely varies across countries and time periods. Together with construction of new pipelines growth of extraction can result in dozens of thousands of new jobs in Greece. There is a close link between value added in mining and compensation of employees in that industry. We have found evidence that the clustering effect between mining and manufacture of refined petroleum products and coke exists only in some EU countries.

scholarly journals The Role of the UN Security Council in COVID-19 Crisis Management

2020 ◽  
pp. 105-122
Author(s):  
Svetlana Cebotari ◽  
Selena Stejaru
Keyword(s):  
International Relations ◽  
Crisis Management ◽  
Interpersonal Relations ◽  
International System ◽  
Dynamic Evolution ◽  
Un Security Council ◽  
Peace And Security ◽  
The Impact ◽  
Over Time

Currently, we experience a conditional reality imposed by the COVID19 pandemic, with both immediate and long-lasting repercussions on the international system and the behavior of each state. For this reason and because the new virus has a dynamic evolution in time and space, research of the impact of the new virus is needed not only from a biogenetic perspective but also in the context of other fields, including the international relations realm. The events we are witnessing at the present challenge to keep up with transformations taking place in the international arena, especially those in the field of virology. As epidemics over time, viruses that cause them to change and occur constantly remain only the fact that they will always influence not only interpersonal relations but impose conditions for new realities in the system of international relations. This article aims to highlight the main gaps in the work of the institution responsible for maintaining peace and security in the international arena, especially in the context of the COVID-19 crisis.

Moving toward a Global Supply Chain Operations and the Impact on International Competition

2012 ◽  
pp. 1626-1636
Author(s):  
Seyed-Mahmoud Aghazadeh
Keyword(s):  
United States ◽  
Supply Chain ◽  
Supply Chains ◽  
Global Economy ◽  
The United States ◽  
Global Supply Chain ◽  
Global Supply Chains ◽  
Domestic Firms ◽  
Foreign Products ◽  
The Impact

As the domestic businesses expand, many are making the choice to use foreign products, labor, and services to aid in their production. Global supply chains are minimizing the costs of the production process but are also creating vulnerabilities to home countries. As the global economy changes, the competitiveness between countries grows. Competitiveness can affect everything from a country’s economy to how a firm conducts international business. Addressing the need to find a method to increase the United States competitiveness in the world economy by improving the use of global supply chains would help to make domestic firms more successful in the global economy. Studying how companies position themselves abroad is important to providing insight into how to become more competitive. Worldwide companies are diversifying by moving more of their supply chain to international locations. This is providing them with many benefits such as better markets for products, lower costs, and more advanced technologies. As a result, the competitive strategy of companies is to increase production and decrease costs through the most efficient global supply chain. Maximizing the potential of domestic firms’ global supply chains is one of the most effective ways to increase U.S. competitiveness. If more big businesses in the United States are willing to participate on the global level, then the US will be able to improve their competitiveness.

Stress Testing Corporations and Municipalities and Supply Chains

2018 ◽  
pp. 6813-6823
Author(s):  
Frank Wolf
Keyword(s):  
Supply Chains ◽  
Family Physician ◽  
Stress Testing ◽  
Global Supply Chains ◽  
Not For Profit ◽  
Real Issue ◽  
Prediction And Prevention ◽  
The Family ◽  
Annual Visit ◽  
Over Time

In this paper the authors address a very real issue of current business life, and that is the prediction- and prevention of corporate- and municipal insolvencies and bankruptcies. The concept of stress testing banks for capital sufficiency under conditions of plausible risks is by now an accepted governmental mandate. Stress testing corporations and municipalities, however is relatively new. The authors present a process for both corporate and municipal stress testing together with a review of legal considerations. Over time it is expected that stress testing corporations and municipalities will become as routine as an annual visit to the family physician. This chapter is designed to establish the ground work for stress testing corporations and municipalities, including supply chains and not-for-profit organizations. This discussion applies equally well to global supply chains.

Moving toward a Global Supply Chain Operations and the Impact on International Competition

2013 ◽  
pp. 466-476
Author(s):  
Seyed-Mahmoud Aghazadeh
Keyword(s):  
United States ◽  
Supply Chain ◽  
Supply Chains ◽  
Global Economy ◽  
The United States ◽  
Global Supply Chain ◽  
Global Supply Chains ◽  
Domestic Firms ◽  
Foreign Products ◽  
The Impact

As the domestic businesses expand, many are making the choice to use foreign products, labor, and services to aid in their production. Global supply chains are minimizing the costs of the production process but are also creating vulnerabilities to home countries. As the global economy changes, the competitiveness between countries grows. Competitiveness can affect everything from a country’s economy to how a firm conducts international business. Addressing the need to find a method to increase the United States competitiveness in the world economy by improving the use of global supply chains would help to make domestic firms more successful in the global economy. Studying how companies position themselves abroad is important to providing insight into how to become more competitive. Worldwide companies are diversifying by moving more of their supply chain to international locations. This is providing them with many benefits such as better markets for products, lower costs, and more advanced technologies. As a result, the competitive strategy of companies is to increase production and decrease costs through the most efficient global supply chain. Maximizing the potential of domestic firms’ global supply chains is one of the most effective ways to increase U.S. competitiveness. If more big businesses in the United States are willing to participate on the global level, then the US will be able to improve their competitiveness.

Digital Economy and Knowledge Economics

2012 ◽  
pp. 1-14
Author(s):  
Bhekuzulu Khumalo
Keyword(s):  
Competitive Advantage ◽  
Comparative Advantage ◽  
Wave Theory ◽  
Paper Briefly ◽  
Michael Porter ◽  
True Meaning ◽  
Modern Economic ◽  
Economic Thinking ◽  
Over Time

The digitization of information has been one of the greatest stories of the last two decades. This paper seeks to explain the meaning of this process and how it affects already established models concerning trade and knowledge economics. This paper is based on the simple premise that knowledge is the most important resource, without which nothing can be done. The paper starts by looking at the competitive advantage theory that was largely promoted by Michael Porter whose works have greatly influenced the first part of this paper. The paper then discusses the ever more important role of knowledge due to competitive advantage theory and the digitalization of information. Finally the implications and discrediting the comparative advantage theory, this theory has no place in modern economic thinking. As we have more tools in our disposal, we must investigate the importance of wave theory as well as the true meaning of competition. It also looks into the greater role collaboration will play in the future. The paper briefly discusses the effects that the digitization of information will have over time.

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