Relocating the value chain: off-shoring and agglomeration in the global economy

Fragmentation of stages of the production process is determined by international cost differences and by the benefits of co-location of related stages. The interaction between these forces depends on the technological relationships between these stages. This paper looks at both cost minimising and...

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Príomhchruthaitheoir: Baldwin, R
Formáid: Working paper
Foilsithe / Cruthaithe: University of Oxford 2011