1 “... chains expose domestic production to shocks from abroad. This paper uses new indicators of global value...”

2 “...Policy makers are increasingly grappling with the stability implications of global value chains...”

3 “...International trade and in particular global value chains have provided many economies with new...”

4 “... preserving the benefits of global sourcing...”

5 “... the estimation period - which now typically covers the mid-1980s to 2012 and includes the global trade collapse...”