Arbeitspapier
Global value chains and unequal exchange: Market power and monopoly power
We revisit the hypotheses of unequal exchange and deterioratingterms of trade in the specific context of import-intensive, export-led strategies of developing countries which rely on integration intoGVCs for access to markets in developed countries using a stylizedtwo-country two-commodity Classical- Marxian trade model. Twosources of asymmetry can be distinguished: market power arisingfrom the competition between suppliers that depresses the prices atwhich the final good is supplied; and monopoly power arising fromthe lead firms control and ownership of intangible assets includingbrand and design. The model explores some implications of thesetwo sources of asymmetry.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2021-13
- Klassifikation
-
Wirtschaft
International Economic Order and Integration
Multinational Firms; International Business
International Linkages to Development; Role of International Organizations
- Thema
-
Unequal Exchange
Global Value Chains
Classical TradeModel
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Basu, Deepankar
Vasudevan, Ramaa
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Massachusetts, Department of Economics
- (wo)
-
Amherst, MA
- (wann)
-
2021
- DOI
-
doi:10.7275/23745731
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Basu, Deepankar
- Vasudevan, Ramaa
- University of Massachusetts, Department of Economics
Entstanden
- 2021
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