Preferential Trade Agreements and Global Value Chains: Theory, Evidence, and Open Questions

25 Pages Posted: 13 Sep 2017

See all articles by Michele Ruta

Michele Ruta

Economic Research Division, WTO; Columbia Business School - Economics Department; International Monetary Fund (IMF)

Date Written: September 11, 2017

Abstract

Preferential trade agreements today are more numerous and deeper than they were a quarter century ago. Do deep agreements promote countries' integration into global value chains? What are the economic mechanisms? How do countries choose their trade agreement partners? Would the undoing of deep agreements disrupt global value chains? What is the outlook for trade agreements and global value chains going forward? This paper reviews the small but growing literature on the role of deep agreements as the institutional underpinnings of global value chains. It discusses the available evidence and theoretical arguments, providing directions for future research in this area.

Keywords: International Trade and Trade Rules

Suggested Citation

Ruta, Michele, Preferential Trade Agreements and Global Value Chains: Theory, Evidence, and Open Questions (September 11, 2017). World Bank Policy Research Working Paper No. 8190. Available at SSRN: https://ssrn.com/abstract=3035623

Michele Ruta (Contact Author)

Economic Research Division, WTO ( email )

Rue de Lausanne 154
CH-1211 Geneva
Switzerland

HOME PAGE: http://www.iue.it/Personal/Fellows/MicheleRuta/Welcome.htm

Columbia Business School - Economics Department ( email )

420 West 118th Street
New York, NY 10027
United States

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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