SOSC 3042 Study Guide - Final Guide: International Labour Organization, Clothing Industry, Global Governance
23 Jul 2016
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Document Summary
Different pieces of the process bring a product from a start to finish. Value is added; something new is added, better in shape than before. Example: phones,, plastic metal turns into processors, programmer in china or india then sell it to apple. Even car, parts are assembled in ont, but parts come from different countries. Even teas, grown from the ground, mass produced from somewhere else (india, North turkey, sri lanka), and sending them off somewhere and being processed into teabags. Teabags are made from somewhere, then setting it off somewhere. Specifically, when activities must be coordinated across geographies, the term global value chain (gvc) is used in the development literature. Simply put, the global value chain includes all of the people involved in the production of a good or service. Over time, there have been continual shifts in the location of both the most significant apparel exporting countries and regions, as well as their main end markets.
