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An Elementary Theory of Global Supply Chains
global supply chains vertical specialization interdependence of nations
2014/9/10
This article develops an elementary theory of global supply chains. We consider a world economy with an arbitrary number of countries, one factor of production, a continuum of intermediate goods and o...
A salient feature of globalization in recent decades is the emergence of "global supply chains" in which different countries specialize in different stages of a sequential production process. In Costi...