Being in a global value chain: Hell or heaven?

Antonio Accetturo, Anna Giunta, Salvatore Rossi 15 December 2012

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The recent literature on global value chains has shown that the production of every good (from computers to retail trade services) now consists of a series of separate tasks (unbundling), each of which can be located outside the boundaries of the 'final' firm (Blinder 2006). It follows that international trade is increasingly in tasks rather than in goods (Miroudot and Ragoussis 2009; Baldwin and Robert-Nicoud 2010); value (or supply) chains linking together all these tasks have become global and form the core of a new international division of labour.

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Topics:  Industrial organisation International trade

Tags:  offshoring, global value chains, trade network

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