Global Production

By Pol Antràs. 2015

210 citations recorded by the source corpus.

Global Production is the first book to provide a fully comprehensive overview of the complicated issues facing multinational companies and their global sourcing strategies. Few international trade transactions today are based on the exchange of finished goods; rather, the majority of transactions are dominated by sales of individual components and intermediary services. Many firms organize global production around offshoring parts, components, and services to producers in distant countries, and contracts are drawn up specific to the parties and distinct legal systems involved. Pol Antras examines the contractual frictions that arise in the international system of production and how these frictions influence the world economy. Antras discusses the inevitable complications that develop in contract negotiation and execution. He provides a unified framework that sheds light on the factors helping global firms determine production locations and other organizational choices. Antras also implements a series of systematic empirical tests, based on recent data from the U.S. Customs and Census Offices, which demonstrate the relevance of contractual factors in global production decisions.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/ab1be7ef74882f1a8d2c72f29057bb2bd86534b8

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Citations in the corpus

Engel's Law in the Global Economy: Demand‐Induced Patterns of Structural Change, Innovation, and Trade (2019, unknown): “Second, much of global trade in manufacturing consists of intermediate inputs, not consumption goods; see, for example, Antras (2015). patterns of intra-sectoral trade.”
Conceptual Aspects of Global Value Chains (2019, background): “The international exchange of goods and services is subject to a large degree of contractual insecurity (Antràs 2015).”
Global investments and regional development trajectories: the missing links (2016, unknown): “…assets and institutional structures – i.e., the ‘strategic coupling’ process that ultimately drives contemporary regional economic development (e.g., Coe et al., 2004, 2008; Yeung, 2009, 2016) – still substantial gaps are left in the literature, particularly when looking for global– local…”
Determinants of Global Value Chain Participation: Cross-Country Evidence (2020, unknown): “Finally, we extend our analysis to show that the most determinants have larger impacts 1For theoretical models on GVCs and international production fragmentation, please refer to Feenstra and Hanson (1997), Feenstra (1998), Antràs and Helpman (2004), Romalis (2004), Nunn (2007), Antràs and Helpman (”