global value chain글로벌 가치사슬
The chain of steps across countries through which a product is designed, made from parts and sold, so that one country's exports contain value added in others.
In these articles
- Korea's steel fell and cars stalled in the year of US tariffs, but exports set a record
Here: Korean parts inside Chinese electronics sold to the US, which is why the models find Korea gains less from diversion than Malaysia, and the governor says less than Vietnam.