21. Measuring and analyzing the impact of GVCs on economic development
- Author:
- David Dollar
- Publication Date:
- 07-2017
- Content Type:
- Special Report
- Institution:
- The Brookings Institution
- Abstract:
- Global value chains (GVCs) break up the production process so different steps can be carried out in different countries. Many smart phones and televisions, for example, are designed in the United States or Japan. They have sophisticated inputs, such as semiconductors and processors, which are produced in the Republic of Korea or Chinese Taipei. And they are assembled in China. They are then marketed and receive after-sale servicing in Europe and the United States. These complex global production arrangements have transformed the nature of trade. But their complexity has also created difficulties in understanding trade and in formulating policies that allow firms and governments to capitalize on GVCs and to mitigate negative side effects.
- Topic:
- International Relations and Global Political Economy
- Political Geography:
- Global Focus