Oriental Republic of Uruguay: Integration into Global Value Chains the Dairy Industry and the ICT Industry

GVCs have four key features that set them apart from traditional production and trade: (1) customization of production-with intensive contracting between parties, often subject to distinct legal systems, (2) sequential production decisions going from the buyer to the suppliers, (3) high contracting...

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Bibliographic Details
Main Author: Criscuolo, Alberto (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C The World Bank 2014
Series:World Bank E-Library Archive
Online Access:Volltext
Summary:GVCs have four key features that set them apart from traditional production and trade: (1) customization of production-with intensive contracting between parties, often subject to distinct legal systems, (2) sequential production decisions going from the buyer to the suppliers, (3) high contracting costs, and (4) global matching not onlyof goods and services, but also of production teams. These distinct features of GVCs have implications for the overall business environment conducive to fertile grounds for GVCs to prosper, as well as for the types of trade facilitation efforts, infrastructure, skills, and trade and investment policies that are best suited for this reality
Physical Description:1 Online-Ressource
DOI:10.1596/30469