Project | August 30, 2018

Global Value Chains and Economic Globalization- Towards a new Measurement Framework

Economic globalization is a dynamic, long-term historical process that ebbs and flows, waxes and wanes, and changes its character and extent over time, all with profound effects on countries in the trading system. Advances in information technology, better codification schemes, and improvements in transport and logistics increase the potential for the geographical fragmentation of work. Because of this, the potential for economic globalization appears to be increasing rapidly.