1.- Answer the question by answering point A & B
Question:
Since the 1980s, global production has been organized in global value chains (GVCs). GVCs powered international trade after 1990, and currently, GVCs account for almost half of global trade. When we look at the GVCs output by country, China contributes 28.44% while the US account for 23.01%.
a. Explain how GVCs are beneficial to developed and developing countries?
b. How does the transformation of global production affect the global geopolitical
order?
2.-References should not count towards the final world count.
3.- MUST use Balam’s book chapter 6-8 (book provided)
4.-Use the remaining sources on whatever material you find sutable to support the answers.
