Handbook on Accounting for Global Value Chains
07-05-2018 – 09-05-2018 Rome
Meeting of the UN Expert Group on International Trade and Economic Globalization Statistics, jointly organized by ISTAT and UNSD will be held in Rome, Italy on 7-9 May 2018. The discussion will be focus on “Handbook on Accounting for Global Value Chains”.
Economic globalization has created new opportunities for businesses to organize their production chains more efficiently. This has increased the complexity of compiling economic statistics, as it is more difficult to break down production activities on a country-by-country basis. There is a need to understand the cross-country benefits and risks by being able to “look through” the global firms in the global value chains (GVCs) and see their contributions in the production networks of resident enterprises in multiple countries.
Expert Group created by Statistical Commission on International Trade and Economic Globalization Statistics develops a handbook that will account for the measurement of GVCs. With the realization of the cross-country impact of GVCs on the economic structure of partner countries, a multi-country perspective for those national industries that are included in major GVCs is encouraged in the handbook.