Author : Satoshi Inomata
Publisher : Edward Elgar Publishing
Page : 225 pages
File Size : 16,82 MB
Release : 2011-01-01
Category : Business & Economics
ISBN : 0857930508
The characteristic feature of the recent Global Economic Crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one region can be swiftly and extensively transmitted to the rest of the globe. The sudden contraction of world trade and output is a negative outcome of this intertwined global economic system. Based on the method known as international input-output analyses, this book provides a detailed examination of the mechanics of shock transmission by probing the labyrinth of complex supply networks among nations.