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Week 2: Unbundling(s) and Globalization

Criminally, I neglected to include Baldwin's work on "unbundling" as it relates to globalization -
specifically, trade and production variables as they relate to Globalization.

Baldwin describes Globalization as a process of unbundlings, of the changing relationship between production and consumption in geo-spatial terms. I think this concept provides the most insight into the nature of the economic changes we've/are seeing today.

Richard Baldwin, “Trade and Industrialization after Globalization’s 2nd Unbundling: How Building And Joining A Supply Chain Are Different And Why It Matters,” NBER Working Paper No. 17716, Issued in December 2011.

See also, OECD's data on Global Value Chains (GVCs), and the report: Interconnected Economies:Benefiting from Global Value Chains

Jones

Charter House Rules.

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