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Chapter 11
New Developments in International Trade
Learning target
After learning this chapter, you should be able to:
• Know the new developments in international trade
• Understand the relationship between global value chain and transnational corporations, the international division of labor and world pattern
• Explain the two-way impact of trade and the environment
• Understand the impact of international trade on innovation
• Understand the digital economy and digital trade
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Main content
Global Value Chains and Global Production Networks
Trade and Environment
Trade and Innovation
Digital Economy and Trade
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Global Value Chains and
Global Production Networks
1. Concept and Measurement of Global Value Chains
2. Global Value Chains and International Division of Labor
3. Global Production Network and World Pattern
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1. Concept and Measurement of Global Value Chains
(1)The Concept of Global Value Chains
Global Value Chains (GVCs) refer to a global, cross-firm network organization that connects the processes of production, distribution, recycling and disposal in order to realize the value of a good or service, and involves the entire process from the collection and transportation of raw materials, the production and distribution of semi-finished and finished goods, through to final consumption and recycling and disposal.
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1. Concept and Measurement
of Global Value Chains
(2)The Measurement of Global Value Chains
Average transfer step
Upstream and downstream degrees
Value added transfer step
Production length
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1. Concept and Measurement
of Global Value Chains
(3)The Micro Impacts of Global Value Chains
Enterprise technological innovation
Enterprise markup
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1. Concept and Measurement
of Global Value Chains
(4)The Macro Impact of Global Value Chains
International trade patterns
International trade interests
Risks
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2. Global Value Chains and International Division of Labor
inter-industry division of labor
intra-industry division of labor
intra-product divi