Trade in Value Added: Indonesia's Position in the Global Value Chain
Global Value Chain (GVC) is a buzzword that frequently comes up among academics and consultants when discussing international trade and manufacturing growth. The essence of GVC is splitting the production of a finished good into several links in a value chain, with each link produced in a different country. Take bicycles as an example: to assemble one bicycle, a manufacturer sources components from various countries.
Dec 13, 2021
