Trade in Tasks: The Grossman-Rossi-Hansberg Model of Offshoring
Trade in tasks reframes globalization. The Grossman-Rossi-Hansberg model shows why countries no longer trade finished goods but the tasks that...
Global Value Chains
The Economics of the Semiconductor Industry: Chips, Subsidies, and Global Power
The semiconductor industry is an extreme oligopoly with barriers to entry so high that only three companies can make advanced...
Global Value Chains and the Digital Economy
Discover how digital technology is transforming global value chains, enhancing efficiency and market reach, with insights from the apparel industry.