Economics, Econometrics and Finance
4 years ago

Industry 4.0 reshaping global trade dynamics in value chains.

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Global value chains: evolutions and perspectives
Fabrizio Bubola

Paper Summary

Global value chains are networks of companies that work together to produce goods and services. Technology like Industry 4.0 is changing how these chains operate. Multilateral trade agreements can boost global trade, while protectionism can limit it. The GATT/WTO has had a big impact on international trade.

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