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clothing sector accounts for the largest share in trade between India and Pakistan chiefly because of the similarities in … culture and the importance of the sector in their economies. However, the level of bilateral trade in textile and clothing at … intra-industry trade between the countries. The textile and clothing items account for 5.7 percent of the items in Pakistan …
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In recent years, trade in intermediate goods has increased manifold with the emergence of global value chains (GVCs). China has emerged as one of the leading countries in the whole GVC network; many countries, including the USA, are heavily dependent on China for the intermediates in the...
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Perhaps the most distinctive feature of international trade in recent years is the rise of multistage global production networks in which firms fragment manufacturing production across borders by locating individual production stages in the countries where they can be performed at least cost...
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