In recent decades, the international economy has witnessed fundamental changes in the way manufacturing is organised: products are no longer manufactured in their entirety in a single location. Instead, the production process is often split across a number of stages located in countries that are frequently far apart from each other. By spreading out their manufacturing and supply chain activities globally through international investment and intra-firm trade, Multinational enterprises (MNEs) play a focal role in this reorganisation of production. Our ability to understand the global economy, therefore, requires an understanding of the interdependencies between the entities involved in such fragmented production. Traditional methods and statistical approaches are insufficient to address this challenge. Instead, an approach is required that allows us to account for these interdependencies. The most promising approach so far is network analysis.
'Networks of International Trade and Investment makes a case for the use of network analysis alongside existing techniques in order to investigate pressing issues in international business and economics. The authors put forward a range of well-informed studies that examine compelling topics such as the role of emerging economies in global trade and the evolution of world trade patterns. They look at how network analysis, as both an approach and a methodology, can explain international business and economics phenomena, in particular, in relation to international trade and investment. Providing a comprehensive but accessible explanation of the applications of network analysis and some of the most recent methodological advances in its field, this edited volume is an important contribution to research in international trade and investment.
Preface
Acknowledgements
List of Tables
List of Figures
List of Acronyms
Author Biographies
Introduction
1. An introduction to network analysis
Matthew Smith and Sara Gorgoni
2. Network Analysis and the study of international trade and investment
Matthew Smith and Sara Gorgoni
3. Structure and evolution of the worlds historical trade patterns
Benjamin Vandermarliere, Samuel Standaert and Stijn Ronsse
4. A new approach to international trade from Network Geometry. The World Trade Atlas 1870-2013
Guillermo García-Pérez, Marián Boguñá, Antoine Allard, and M. Ángeles Serrano
5. Global and local centrality of emerging countries in the world trade network
Luca De Benedictis and Lucia Tajoli
6. World input-output network: applications, implications, and future directions
Massimo Riccaboni and Zhen Zhu
7. Local and trans-local linkages in the aerospace industry: an emerging small world?
Raja Kali, Ekaterina Turkina, and Ari Van Assche
8. The international fragmentation of production: a multilevel network approach
Matthew Smith, Sara Gorgoni and Bruce Cronin
9. The network of European outward foreign direct investments
Giulia De Masi and Giorgio Ricchiuti
10. Free trade agreements network: structure and evolution
Silvia Sopranzetti
11. Moving people: network analysis of international migration
Valerio Leone Sciabolazza
Conclusion
Index
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