Global Value Chains: Impacts and Implications - Center on ...
Global Value Chains: Impacts and Implications - Center on ...
Global Value Chains: Impacts and Implications - Center on ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Why this matters<br />
<str<strong>on</strong>g>Global</str<strong>on</strong>g> value chains do not make comparative advantage any less<br />
relevant (as some have claimed).<br />
– In fact, the opposite is more likely the case…GVCs give<br />
comparative advantage a finer edge.<br />
Same gains from trade!<br />
– Gains from trade may be even greater when trade takes place<br />
at a more granular level.<br />
Provides an important link between trade in goods, services,<br />
inward <str<strong>on</strong>g>and</str<strong>on</strong>g> outward FDI, movement of ideas <str<strong>on</strong>g>and</str<strong>on</strong>g> of people.<br />
Competiti<strong>on</strong> increases <str<strong>on</strong>g>and</str<strong>on</strong>g> becomes more refined.<br />
11