TY - JOUR
TI - Weakening of the production linkages in the world economy as a factor of the global trade slowdown in 2008–2015
AU - Białowąs, Tomasz
TI - Weakening of the production linkages in the world economy as a factor of the global trade slowdown in 2008–2015
AB - 
	The main goal of the paper is to evaluate the extent of production de-fragmentation and its impact on the world trade flows slowdown in 2008–2015. Financial and economic crisis of 2008–2009 resulted in a deepest breakdown of world trade after World War II. The subsequent economic boom was not reflected in the growth rates of world exports. One of the mentioned reasons of trade stagnation is the weakening of the connections within the global value chains. The results of the analysis conclude that the biggest impact on the declining share of foreign value added in global trade and, as a consequence, decreasing income elasticity of exports stems from changes in Chinese specialization and, in particular, the growing share of domestic input in Chinese exports
VL - 2018
IS - Volume 37
PY - 2018
SN - 2300-6102
C1 - 2353-9496
SP - 231
EP - 243
DO - 10.4467/23539496IB.18.016.9389
UR - https://ejournals.eu/en/journal/ibage/article/oslabienie-powiazan-produkcyjnych-w-gospodarce-swiatowej-jako-czynnik-spowolnienia-handlu-miedzynarodowego-w-latach-2008-2015
KW - international trade
KW - value added trade
KW - fragmentation of production