Made in the world: Better understanding global trade flows
Where was your smartphone made? Though the product may have been finished in China, it may include graphic design from the US, programming from France and precious metals from Latin America. Different inputs of different values from different places around the world make up such products and are changing international trade flows as businesses disperse production and supply chains across several countries.
This analysis by the OECD and World Trade Organisation breaks with conventional measurements of world trade flows by looking at imports and exports from this value-added perspective and how it influences international trade policy and commercial relations between countries
What's the situation now? https://www.oecd.org/sti/ind/measurin...
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