DP7523 Integration of the North American economy and new-paradigm globalisation

Author(s): Richard Baldwin
Publication Date: October 2009
Keyword(s): Globalisation, industrial policy, supply chains, Trade in tasks, unbundling
JEL(s): F14, F21, L5
Programme Areas: International Trade and Regional Economics
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=7523

This paper presents the trade-in-tasks conceptual framework and extends it to consider a setting where offshoring occurs between high wage nations and where agglomeration forces are important. It also considers the policy implications ranging from rules of origin and trade facilitation to external trade policy and R&D subsidies. The focus is on policy initiatives that could support the development of North American production platforms.