The changing structure of trade linked to global production systems: what are the policy implications?

Fuente: Organización Internacional del Trabajo (OIT)
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Autore principale: William Milberg
Natura: Artículo científico
Pubblicazione: International Labour Organization 2004
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author William Milberg
author_facet William Milberg
William Milberg
contents The changing structure of trade linked to global production systems: what are the policy implications? William Milberg In considering the effects of economic globalization, increasing trade openness and growth arguably matter less than the concomitant change in the structure of world trade: the rise in intermediate goods trade resulting from the break-up of the production process into different parts and their location in different countries. This article examines the extent of that structural change, its causes, and its implications for theory and policy. In particular, Milberg argues, international trade and investment theories need refocusing away from the mutually beneficial world of comparative advantage and internalization, toward a theory of the competitive struggle of absolute advantage and externalization. publication.journalArticle
format Artículo científico
id ilo_995218808902676
institution Organización Internacional del Trabajo (OIT)
publishDate 2004
publisher International Labour Organization
spellingShingle The changing structure of trade linked to global production systems: what are the policy implications?
William Milberg
The changing structure of trade linked to global production systems: what are the policy implications? William Milberg In considering the effects of economic globalization, increasing trade openness and growth arguably matter less than the concomitant change in the structure of world trade: the rise in intermediate goods trade resulting from the break-up of the production process into different parts and their location in different countries. This article examines the extent of that structural change, its causes, and its implications for theory and policy. In particular, Milberg argues, international trade and investment theories need refocusing away from the mutually beneficial world of comparative advantage and internalization, toward a theory of the competitive struggle of absolute advantage and externalization. publication.journalArticle
title The changing structure of trade linked to global production systems: what are the policy implications?
url https://researchrepository.ilo.org/esploro/outputs/journalArticle/The-changing-structure-of-trade-linked/995218808902676