An increasingly important part of international trade consists of fragmentation of the production process, with differing tasks in the global value chain (GVC) being undertaken in different locations. The paper traces the origins of the GVC phenomenon, attempts to measure the significance of...

Introduction / Richard Pomfret -- Part I: Flying geese and NIEs -- A theory of unbalanced growth in the world economy / Kaname Akamatsu -- The "flying geese" model of Asian economic development : origin, theoretical extensions, and regional policy implications / Kiyoshi Kojima -- Economic...