Wednesday, July 12, 2017

On global value chains

"Interestingly, the figure captures anxieties felt by both rich and poor countries in thinking about trade today. People in rich countries worry that manufacturing is being hollowed out. That is, that semi-skilled production jobs have moved to the developing world, and—to the extent that such jobs still remain in advanced economies—have faced downward pressure on wages. Poor countries worry that they are trapped in low-value-added activities and are locked out of the higher value-added found in design, key technological inputs, and marketing." from Global value chains shed new light on trade and more with an article to follow by David Dollar
A brief discussion byTim Taylor 

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