Massive trade shifts rearrange global value chain configuration

Global value chains (GVC) or multi-country sourcing of components for a product’s final assembly has changed trade patterns that reduced China’s big trade surplus versus the US into a easy myth, latest study of the Asian Development Bank Institute (ADBI) showed. A study on ”The iPhone Trade and Global Value Chains” by ADBI director Yuqing Xing stressed the need to review the GVC of a product …

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