On the Relevance of Global Value Chains and the Intra-European Division of Labour

In the second empirical section, a closer look is taken at the intermediate trade integration in the EU. In particular, the employment effects of the intermediate trade connections for each EU member state and for selected sectors are highlighted. In the concluding section, it is explained why global value chains are particularly susceptible to rising protectionism. Moreover, tentative implications of the current coronavirus pandemic are pointed out.