Relocating the value chain
Subtitle: offshoring and agglomeration in the global economy
By: Richard Baldwin, Anthony Venables
Contributors: Venables, Anthony; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16611; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16611.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Fragmentation of stages of the production process is determined by international cost differences and by the benefits of co-location of related stages.  The interaction between these forces depends on the technological relationships between these stages.  This paper looks at both cost minimising and equilibrium offshoring under different technological configurations.  Reductions in trade costs beyond a threshold can result in discontinuous changes in location, with relocation of a wide range of production stages.  There can be overshooting (off-shoring that is reversed as costs fall further) and equilibrium may involve less off-shoring than is efficient"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 4/5/2011.

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