International Trade Working Paper
- Continues:
- Commonwealth Trade Policy Discussion Papers
The International Trade Working Paper series promptly documents and disseminates
reviews, analytical work and think-pieces to facilitate the exchange of ideas and to stimulate
debates and discussions on issues that are of interest to developing countries in general and
Commonwealth members in particular. The issues considered in the papers may be evolving
in nature, leading to further work and refinement at a later stage.
- ISSN: 24133175 (online)
- https://doi.org/10.14217/24133175
Evolution of the Commonwealth Trade Network
Hubs, Criticality and Global Value Chains
This paper studies the evolution of the Commonwealth trade network and considers the interrelationship between Commonwealth member countries and other important players in the global economy, and intra-Commonwealth country trade flows. Rich trade data from multiple economic sectors in the 1995–2011 period are analysed using complex network analysis tools. The paper finds that the Commonwealth is divided into three strongly connected hubs and provides important links for several global value chains, among other findings.
Keywords: Commonwealth, global value chains, international trade network, centrality, cluster
JEL:
F20: International Economics / International Factor Movements and International Business / International Factor Movements and International Business: General;
F15: International Economics / Trade / Economic Integration
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