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Guannan Miao

Firm heterogeneity in global value chains

The rise and growth of global value chains has been one of the most dominant features of the international business landscape in recent decades. Fostered by significant technological change and the widespread adoption of policies aimed at reducing trade costs, coupled with investment liberalization, firms have increasingly fragmented their value chains across geographies—i.e., distributing individual value activities across different locations, often times also modifying their governance structure. This project aims to bring together methodological and empirical work to better inform the academic and policy debates on global value chains, focusing on unravelling firm heterogeneity. It unveils countries’ intra-industry linkages, paying attention to the role of imports for export success, the need for well-developed domestic services industries that support manufacturing exports, and the relative importance of changing trade network as ultimate source for sustainable and inclusive economic growth.