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"Global trade is a key driver for economic growth, and trade is related to several dimensions: The Fourth Industrial Revolution (4IR) with disruptive technologies, globalisation of markets, innovation leading to new trade opportunities, as well as foreign investments following exports lead to...
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This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a homogeneous...
Persistent link: https://www.econbiz.de/10014240317
This paper sets up a model of trade, in which two countries with differing technologies specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a consumption good from the...
Persistent link: https://www.econbiz.de/10014240428
This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a homogeneous...
Persistent link: https://www.econbiz.de/10013465726
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"Global supply chain integration is not only a rapidly growing feature of international trade, it is responsible for fundamentally changing trade policy at international and domestic levels. Ka Zeng and Xiaojun Li argue that global supply chain integration pits firms and industries that are more...
Persistent link: https://www.econbiz.de/10012315463
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