콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Trade
Economy Direct Investment

Print

Export sophistication and growth

Related Document
Frame of Image e and foreign investment play the catalytic role in absorbing technology transfer for developing countries. More recently, the expansion of global value chains has provided a new landscape in vertical specialization through the remarkable growth of trade in intermediate goods. There has been growing recognition that what a country exports is important for economic growth. The sophistication of exports is considered to be a key aspect of the growth process. Goods and
services are differentiated in terms of their contributions to productivity and growth. Some products may be more conducive to productivity and growth because of extensive knowledge spillovers and inter-industry linkages. The production of complex products is associated with higher productivity levels, and export performance of those countries that specialize in high-productivity goods will be better. The sophistication of a country’s export structure may evolve, through either an increase in the quality of the existing goods, or an introduction of new more sophisticated products. Over the last 20 years, the expansion of global value chains has caused another change in the dynamics of trade competitiveness. International division of labor is further broken down into tasks, rather than goods in order to take advantage of a more extensive use of economies of scale and a new form of comparative advantage. The economic complexity of a country has become less dependent on goods, and more on what tasks it
1) Many parts


Full Text
Title Export sophistication and growth
Similar Titles
Material Type Articles
Author(English)

Youn, Woojin

Publisher

[Sejong]:Korea Institute for Industrial Economics & Trade

Date 2015-11
Journal Title; Vol./Issue KIET Industrial Economic Review:vol.20(no. 6)
Pages 11
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Economy < Direct Investment
Holding KIET; KDI School