Tag Archives: global value chains

Rethinking competitiveness: The global value chain revolution | vox

Rethinking competitiveness: The global value chain revolution | vox.

‘Figure 1 provides a comparison of real growth rates of manufactures global value chain income and manufacturing exports between 1995 and 2008. Exports growth overestimates the related income growth of countries that rely heavily on imported intermediates, in particular for Germany and small open economies.[…] Being ‘super competitive’ in terms of exports does not necessarily generate high domestic incomes.’

This is something for the Finnish labour market partners to ponder this Autumn.

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