Chapter 1 Recent patterns of global production and GVC participation

Taking advantage of a new accounting method to decompose GDP production into pure domestic production, traditional trade, simple and complex GVC activities, this chapter examines recent trends in global value chain (GVC) activities across the world.Our main findings show that the pace of GVC activities picked up in 2017 after a period of slow down since 2012; intra-North American and intra-European GVC activities declined relative to inter-regional transactions due to higher penetration via Factory Asia but value Portugal wine in exchange for England cloth GVCs Cross border for production Intermediate trade Pure Domestic No border crossingHair cut GVCsProduction sharing between two or more countries Production of Value-added or Final products Complex GVCs Cross border at least twice iPhone/Auto Simple GVCs Cross border once for production Chinese steel in US building