Invisible Links
from the International Monetary Fund
Value chains transform manufacturing – and distort the globalization debate
– this post authored by David Dollar
Walk into a Toyota dealership in New York or Munich, and you might think you are looking at cars made in Japan. You would be mistaken. In fact, the 15,000 components that make up a modern car are often produced by different firms in different locations.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201906220528
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