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Crisis-related Changes in the Specialisation of Advanced Economies in Global Value Chains
| Content Provider | Semantic Scholar |
|---|---|
| Author | Sass, Magdolna Szalavetz, Andrea |
| Copyright Year | 2014 |
| Abstract | Analysis of globalisation induced gains and losses necessitates not only new types of data to substitute for the ones compiled in traditional trade statistics but also new analytical approaches. This paper surveys the literature that addresses the evolution of the global value chain approach, an analytical perspective that is able to capture the causes and consequences of the ongoing process of global reorganisation of production more in depth than earlier theories. Our specific focus is on one hand, advanced economy actors’ changing activity specialisation in the new global division of labour and the related changes in their competitiveness, and on the other hand crisis-related changes in global value chains. We conjecture that advanced economy actors have been continuously shifting their specialisation towards ‘the edges of the value chains’ into activities requiring higher skills, and resulting in a higher value capture for them. We show that this process has further accelerated during the crisis. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://real.mtak.hu/13879/1/GVCarticleSassSzalavetz%20JH%2005%20101v.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
