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Challenges of Globalization in the Measurement of National Accounts

Challenges of Globalization in the Measurement of National Accounts PDF Author: Nadim Ahmad
Publisher: University of Chicago Press
ISBN: 0226825906
Category : Business & Economics
Languages : en
Pages : 565

Book Description
An essential collection at the intersection of globalization, production supply chains, corporate finance regulation, and economic measurement. The substantial increase in the complexity of global supply chains and other production arrangements over the past three decades has challenged some traditional measures of national income account aggregates and raised the potential for distortions in conventional calculations of GDP and productivity. This volume examines a variety of multinational business activities and assesses their impact on economic measurement. Several chapters consider how global supply chains complicate the interpretation of traditional trade statistics and how new measurement techniques can provide information about global production arrangements. Other chapters examine the role of intangible capital in global production, including the output of factoryless goods producers and the problems of measuring R&D in a globalized world. The studies in this volume also explore potential ways to enhance the quality of the national accounts by improving data collection and analysis and by updating the standards for measurement.

Challenges of Globalization in the Measurement of National Accounts

Challenges of Globalization in the Measurement of National Accounts PDF Author: Nadim Ahmad
Publisher: University of Chicago Press
ISBN: 0226825906
Category : Business & Economics
Languages : en
Pages : 565

Book Description
An essential collection at the intersection of globalization, production supply chains, corporate finance regulation, and economic measurement. The substantial increase in the complexity of global supply chains and other production arrangements over the past three decades has challenged some traditional measures of national income account aggregates and raised the potential for distortions in conventional calculations of GDP and productivity. This volume examines a variety of multinational business activities and assesses their impact on economic measurement. Several chapters consider how global supply chains complicate the interpretation of traditional trade statistics and how new measurement techniques can provide information about global production arrangements. Other chapters examine the role of intangible capital in global production, including the output of factoryless goods producers and the problems of measuring R&D in a globalized world. The studies in this volume also explore potential ways to enhance the quality of the national accounts by improving data collection and analysis and by updating the standards for measurement.

The Impact of Globalization on National Accounts

The Impact of Globalization on National Accounts PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description
Globalization, as now understood, is a centuries old phenomenon of growing interaction between national economies. In recent decades, the phenomenon has gained a new momentum, because of political developments and progress in information and communication technology. The traditional interrelations, e.g. in closely connected financial markets, have grown considerably. At the same time there has been a deepening of globalization through, for example, international value added chains. Increasingly production processes extend over the whole world. These developments have had a positive impact on worldwide income and productivity. However, the financial crisis, which started in the USA in 2007 and rapidly spread to other parts of the world, has revealed the major risks associated with the growing interconnectedness of national economies. When looking at globalization from a statistical perspective, one is confronted with a number of challenges, which can be grouped into four broad categories: · The measurement of the phenomenon itself. How can we measure (the further development of) globalization? Which indicators capture the growing interdependence of national economies? · The description of the behaviour of multinational enterprises (MNEs), which are the driving force behind globalization. How do MNEs behave, and why? What are the reasons behind the division of activities and the subsequent allocation of these activities to countries? What are the comparative advantages of national economies? · The impact of globalization on traditional indicators. Globalization can have a significant impact on all aspects of a society's development, economic, social and environmental. More (detailed) information to support further analysis and research is particularly important in the areas of significant impact. · The impact of globalization on the compilation of traditional indicators. The increasing proportion of enterprises running their business on an international scale and the growing cross-border movement of people, financial capital, goods and services pose specific problems to compilers of national statistics. In April 2007, a UNECE-led Expert Group on the Impact of Globalization on National Accounts (GGNA) was established, following a decision of the Conference of European Statisticians (CES). The Group was organized jointly with the OECD and Eurostat. A framework of indicators for measuring the magnitude and pace of economic globalization had already been agreed, as a result of the work of a number of international organizations. However, little was known about its impact on the compilation of existing national statistics. There was a need to examine how globalization affects the compilation of economic statistics in general and national accounts in particular, and to outline the areas where further efforts are needed in order to maintain the quality of the data. Under its terms of reference, the objective of the GGNA was "to review the main distortions in the compilation of national accounts and related source statistics, as caused by globalization". In doing so, the Group should "put forward proposals on how to deal with these distortions in order to improve the quality of national accounts". The GGNA held three meetings, in April 2008, May 2009 and April 2010, to address the tasks mandated by the CES. It agreed on a list of globalization aspects with an impact on the compilation of national accounts, and commissioned and reviewed chapters describing each of them. This Guide "The Impact of Globalization on National Accounts" is the outcome of the work of the GGNA. It focuses on the main aspects of globalization and recommends solutions and best practices aimed at improving the design, processing and use of the data and achieving better international consistency in the identified problem areas. Clearcut solutions to meet the evolving challenge of globalization could not always be found. Proposals for future research are accordingly summarized in Chapter 14.

Intra-firm Trade

Intra-firm Trade PDF Author: Organisation for Economic Co-operation and Development
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 64

Book Description


Challenges of Globalization in the Measurement of National Accounts

Challenges of Globalization in the Measurement of National Accounts PDF Author: Nadim Ahmad
Publisher: University of Chicago Press
ISBN: 0226825892
Category : Business & Economics
Languages : en
Pages : 565

Book Description
"The substantial increase in the complexity of global supply chains and other production arrangements over the last three decades has challenged some traditional measures of national income accounts aggregates and raised the potential for distortions in conventional calculations of GDP and productivity. This volume examines a variety of multinational business activities, including how multinational enterprises arrange their financing and assign ownership of intellectual property to avoid tax and regulatory burdens, and assesses their impact on economic measurement. Several chapters consider how global supply chains complicate the interpretation of traditional trade statistics, and how new techniques, such as extended supply and use tables, can provide new information about global production arrangements. Other chapters examine the role of intangible capital in global production, including the intangible output of factoryless goods producers and the problems of measuring R&D in a globalized world. The studies in this volume also explore ways to enhance the quality of the national accounts by improving data collection and analysis and by updating the standards for measurement"--

Handbook on Deriving Capital Measures of Intellectual Property Products

Handbook on Deriving Capital Measures of Intellectual Property Products PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264079203
Category :
Languages : en
Pages : 170

Book Description
This handbook considers intellectual property products (IPPs) collectively by type and detailed transaction in order that estimates for national accounts valuations be comparable across countries.

Changes in Inventories in the National Accounts

Changes in Inventories in the National Accounts PDF Author: Mr.Segismundo Fassler
Publisher: International Monetary Fund
ISBN: 1451854293
Category : Business & Economics
Languages : en
Pages : 47

Book Description
The principles underlying the recording of changes in inventories are explained in the System of National Accounts, 1993 (1993 SNA), but operational guidelines on their measurement are lacking. This paper elaborates specific statistical techniques and their underlying assumptions for calculating changes in inventories and holding gains when only data on stocks of inventories are available. Several data situations are considered. The authors propose methods for measuring changes in inventories that meet the 1993 SNA principles. The paper also explores possibilities for implementing the proposed improvements and explains the interpretation of data on changes in inventories.

Global Trends 2040

Global Trends 2040 PDF Author: National Intelligence Council
Publisher: Cosimo Reports
ISBN: 9781646794973
Category :
Languages : en
Pages : 158

Book Description
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Measuring Globalization

Measuring Globalization PDF Author: Susan N. Houseman
Publisher:
ISBN: 9780880994897
Category : Commercial statistics
Languages : en
Pages : 0

Book Description
While international trade in goods and services has long been expanding, the speed and scope of recent changes have given rise to the term ¿globalization.¿ Among the most pressing policy questions in the United States and other advanced economies are those concerning the impact of globalization: Has globalization fostered productivity growth and well-being in advanced economies? Or have the forces of globalization weakened key national industries, resulted in widespread worker dislocation and wage stagnation, and worsened inequality? Understanding the impacts of globalization is critical to fashioning appropriate policies in a rapidly changing world. But understanding its impacts requires good data, and national statistical systems were not designed to measure many of the transactions occurring in today¿s global economy. The chapters in this volume and its companion, Measuring Global­ization: Biases to Price, Output, and Productivity Statistics from Trade, identify biases and gaps in national statistics, examine the magnitude of the problems they pose, and propose solutions to address significant biases and fill key data gaps. The chapters originally were presented as papers at a research conference in 2013 funded by the Alfred P. Sloan Foundation, and their authors include researchers from academic insti­tutions and statistics agencies in the United States and other countries.

Handbook on Global Value Chains

Handbook on Global Value Chains PDF Author: Stefano Ponte
Publisher: Edward Elgar Publishing
ISBN: 1788113772
Category : Business & Economics
Languages : en
Pages : 640

Book Description
Global value chains (GVCs) are a key feature of the global economy in the 21st century. They show how international investment and trade create cross-border production networks that link countries, firms and workers around the globe. This Handbook describes how GVCs arise and vary across industries and countries, and how they have evolved over time in response to economic and political forces. With chapters written by leading interdisciplinary scholars, the Handbook unpacks the key concepts of GVC governance and upgrading, and explores policy implications for advanced and developing economies alike. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial}

Measuring Globalisation: OECD Economic Globalisation Indicators 2010

Measuring Globalisation: OECD Economic Globalisation Indicators 2010 PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264084363
Category :
Languages : en
Pages : 235

Book Description
This second edition of the OECD Economic Globalisation Indicators presents a broad range of indicators on trade, foreign direct investment, the economic activity of multinational firms, and the internationalisation of technology.