1887

International Trade Working Paper

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.

English

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.

English

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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