Will the inflation genie escape the bottle? New evidence on globalisation, competition and inflation

By Dan Andrews, Peter Gal and William Witheridge, Economics Department Markets and commentators are speculating that there may be a sustained pick-up in inflation in the United States, after years of subdued price pressures. Along with continued solid US jobs growth and low unemployment, there are tentative signs of higher wage growth and the fiscal … More Will the inflation genie escape the bottle? New evidence on globalisation, competition and inflation

Reaping the benefits of global value chains to rebalance the Turkish economy

By Volker Ziemann, Economist, Turkey Desk, Country Studies Branch, OECD Economics Department The growing role of global value chains (GVCs) in international production processes is of critical importance for Turkey’s development. Participation in GVCs is one of the key drivers of successful productivity diffusion in a globalised world. Despite major progress, Turkey still lags behind … More Reaping the benefits of global value chains to rebalance the Turkish economy