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-- 'New' economic geographies: Upgrading, relocation and the second round of industrial restructuring -- Globalization … latecomers -- Innovation as a dynamic process -- R&D globalization -- Innovation and external factors -- Conclusion -- References …
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Taking global value chains (GVCs) into account has important implications for trade policy. When production is vertically fragmented and trade in intermediate inputs is prevalent, one has to look differently at a certain number of issues. Through case studies, this paper provides new evidence on...
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