ECON1089: Business in Globalised Economy Assignment
Problem Description:
The Department of Foreign Affairs and Trade of Australia will be hosting a workshop on the Global Value Chains (GVCs), challenges, and opportunities for Australia, with participants from academia, industry, government, and non–profit organizations. As a participant, you will present a report that gives a relevant example of GVCs and illustrates the implications for the labor market.
Your report should:
- Give an example of GVCs which involves at least three countries. Insert a Diagram/figure of this GVC. Identify the key activities done by key participating Countries in this GVC.
- Elaborate the theoretical foundations of GVCs. Explain what determines each key country’s participation and position along the GVC in your example.
- Theoretically, analyse the wage impact of GVCs for skilled and unskilled workers in developing countries. Repeat the analysis for developed countries. Subsequently, conduct an empirical discussion of real-world evidence about the impact of GVCs on wages.
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