Global Value Chains, And Who Is Most Exposed

Discussion in 'Economics' started by Banjo, May 22, 2019.

  1. Banjo


  2. This is interesting:

    Since most global trade is parts and components en route to eventual final assembly, simple bi-lateral trade numbers tell an incomplete picture.

    • “China happens to be at the end of many Asian value chains, taking sophisticated components from Japan, the Republic of Korea, and Chinese Taipei and assembling these into final products.”
    • “the Chinese domestic value content of their exports of ICT (information and communication technology) products accounts for only around half the total export value.”
    • “the US trade deficit in ICT products with China is cut roughly in half if the calculation is made in value added terms.”