"The recent period of globalization – following the collapse of the Eastern
bloc and the integration of China into the world economy – is in essence
the period of global value chains (GVCs). From low to high-tech, basic
consumer goods to heavy capital equipment, food to services, goods are now
produced across many countries, integrated through GVCs.

"The big question in development studies is whether this globalized
reconfiguration of production is contributing to, or detracting from, real
human development? Is it establishing a more equal, less exploitative, less
poverty-ridden world? To understand these complex dynamics, scholars rely
on economic theories. These theories must be relevant to the GVC-world and
equipped to tackle these pertinent questions."


https://socialistproject.ca/2021/05/understan
ding-development-global-value-chain-world/#more


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