Publications

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7 Publications found…

  • Blog post 7 March 2024

    Unfinished Business: Four Perspectives on Incomplete Inclusivity in Trade

    By Ingo Borchert, Emily Lydgate and Maria Savona.

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    Summary CITP publication

    This blog shines a spotlight on four areas in which inclusivity in trade could improve. This entails the protection of worker rights, participation rates of women in trade, environmental sustainability in agri-food trade, and listening to and understanding the general public’s views on trade policy.

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  • Academic Paper 15 January 2024

    The governance of artificial intelligence: Harnessing opportunities and mitigating challenges

    By Maria Savona et al.

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    Summary CITP publication

    This paper looks at ways in which to harness opportunities and mitigate challenges in the governance of artificial intelligence (AI) and other emerging digital technologies for the labour markets.

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  • Blog post 5 December 2023

    The US turn is reshaping the geopolitics of digital trade. What does this mean for the UK?

    By Javier Ruiz Diaz and Maria Savona.

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    Summary CITP publication

    This blog looks at the reasons for the recent change in US policy on digital trade towards stronger regulation and the ramifications this is having and could have on global digital trade policy and especially for the UK.

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  • Working Paper 25 September 2023

    Nearshoring, global value chains structure and volatility

    By Filippo Bontadini, Valentina Meliciani, Maria Savona and Ariel Wirkierman et al.

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    Summary CITP publication

    The notion of nearshoring has drawn significant attention in the policy debate to the future of global value chains (GVCs). In the current, more turbulent, economic context it has become relevant to consider what changes GVCs should undergo in order to ensure economic production. However, there is currently no systematic quantitative evidence exploring how different GVC structural features and production are related to each other. We set out to remedy this not only by studying the association between GVC final output growth and their structure, but also by focusing on the propagation of supply shocks. We ask, specifically, two interrelated key questions. First, we assess whether GVC participation increases exposure to shocks, hampering GVC output. Second, we study whether GVC structural features, such as nearshoring, length and concentration, mediate supply shocks and their relationship with GVC output growth. Our results suggest that GVCs that are more domestic, i.e. production processes sourcing little value added from abroad, see slower real output growth and have a stronger negative association with supply shocks. Among the structural features of GVCs we find more heterogenous results. The length, i.e. the degree of fragmentation of production, is associated with slower growth in GVC’s real output but at the same time seems to attenuate the negative relationship between supply shocks and real GVC output growth. These results offer novel evidence and contribute to a nuanced understanding of how GVC integration and its structure relates to output growth and the propagation of shocks.

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  • Briefing Paper 25 April 2023

    Trade-offs in trade policy: What the public thinks and how they think about them

    By Viviane Gravey, Maria Savona, Dan Wincott and L. Alan Winters CB.

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    Summary CITP publication

    Our research in public attitudes towards UK trade policy was aimed at understanding public views on the unavoidable choices and trade-offs that trade policy requires and whom people trust to make and inform trade policy decisions. This Briefing Paper reflects on preliminary results from the research.

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  • Evidence 3 April 2023

    Britain in the World

    By Emily Lydgate, Michael Gasiorek, L. Alan Winters CB, Ingo Borchert, Phoebe Li, Minako Morita Jaeger, Mattia Di Ubaldo and Maria Savona.

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    Summary CITP publication

    Response to the Labour Party National Policy Forum Consultation 2023 providing recommendations on trade policy and growth; digital economy and digital trade policy; international trade, worker and human rights, domestic decarbonization and environmental objectives and trade resilience and economic security.

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  • Working Paper 25 September 2022

    Nearshoring and Farsharing in Europe: implications for employment

    By Filippo Bontadini, Valentina Meliciani, Maria Savona and Ariel Wirkierman et al.

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    Summary CITP publication

    This paper documents recent trends in the geographical distribution of value added across Global Value Chains (GVCs) and its relationship with employment in Europe. By combining a value chain and country-industry analytical perspectives, we find two concurrent processes setting Europe's participation in GVCs apart from the other two macro-regions, Asia-Pacific and the Americas. European value chains have increased the share of value added they import from within Europe – which amounts to nearshoring – while European country-industries have increased the share of value added they provide to extra-European value chains – which we refer to as farsharing. Finally, our econometric analysis finds that nearshoring has a positive effect on employment in the country of completion, while in contrast, farsharing shows no significant relationship with employment. We discuss these novel findings in light of the recent policy debate around nearshoring, highlighting the complexity of this phenomenon and the breadth of its implications for Europe.

    Topics

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