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A handy guide to understanding global value chains
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CC BY
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This resource is a video abstract of a research paper created by Research Square on behalf of its authors. It provides a synopsis that's easy to understand, and can be used to introduce the topics it covers to students, researchers, and the general public. The video's transcript is also provided in full, with a portion provided below for preview:

"Economic globalization and inequality are spreading fast sparking interest in global value chains among both academics and policy makers For decades, the Heckscher-Ohlin model was the only method for understanding these phenomena Conflicting empirical evidence has led to a surge of theoretical models describing international trade scenarios This disjointed knowledge has made navigating the economic literature a difficult task Now, a new visual tool could help even non-specialists piece all of the evidence together in one place Using simple supply and demand diagrams, this tool offers unprecedented explanatory power Making it quick and easy for professionals and students alike to spot where popular models overlap or vary While it currently covers only neoclassical trade models... This figure is a powerful tool that could be used by virtually anyone to understand the effects of global value chains on inequality Franssen, L. (2019)..."

The rest of the transcript, along with a link to the research itself, is available on the resource itself.

Subject:
Business and Communication
Material Type:
Diagram/Illustration
Reading
Provider Set:
Video Bytes
Date Added:
09/20/2019