Aaditya Mattoo is Research Manager, Trade and Integration, at the World Bank. He specializes in trade policy analysis and international trade agreements. Prior to joining the Bank in 1999, Mr. Mattoo was Economic Counsellor at the World Trade Organization. Between 1988 and 1991, he taught economics at the University of Sussex and Churchill College, Cambridge University. He holds a Ph.D. in Economics from the University of Cambridge, and an M.Phil in Economics from the University of Oxford. He has published widely in academic and other journals on trade, trade in services, development and the WTO and his work has been cited extensively, including in the Economist, Financial Times, New York Times, and Time Magazine.
Labels can be deceptive. “Made in Country X” means little when a product is made of parts from different countries. Indeed, trade in intermediate products has exploded and is now as much as three-quarters of all world trade. But standard trade statistics still measure international trade in gross value terms. Trade economists and
policymakers increasingly recognise the need to measure trade in value added terms and to understand the structure of global value chains which lies behind gross trade statistics.