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a report on the Global Value Chain (GVC) by giving an example of a specific industry/sector in a country. The report shall elaborate on the
a report on the Global Value Chain (GVC) by giving an example of a specific industry/sector in a country. The report shall elaborate on the theoretical principles underlying the GVC and its labour market implications.
report should:
- Give an example of GVC which involves at least three countries and in which Australia participates, that is, Australian inputs are used to produce (deliver) final products (services). 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.
- Examine the relationship between globalization and living standards by utilizing the data provided in this assignment (please read data notes carefully).
- Openness to trade is one of the measures of globalization degree for a country. Does it make sense some countries register an openness of more than 100%? Explain.
- Visualize (using appropriate graph(s)) the relationship between openness and living standards based on the assignment data.
- Now direct yourself to the same data sources for more data. Can you visualize the relationship between openness and living standards based on the Australian experience?
- Discuss whether your graphs in b) and c) above support the idea of globalization as a growth/development strategy.
Finally, your report should be structured in a proper format: Summary/Abstract, Introduction, Sub-sections, Conclusions, References.
| Data description: | ||
| This data set provides measures of openness and per capita GDP for a sample of 175 countries/regions over 1990-2022. | ||
| The values of variables for each country refers to the average of this variable over the period 1990-2022. | ||
| Variables: | ||
| openness (%): | the sum of export & import values of goods and services as a share (%) of GDP. | |
| ln(per capita GDP): | natural logarithm of PPP adjusted per capita GDP (current international $) | |
| Data sources: | ||
| World Development Indicators, World Bank. |
| country name | openness (%) | ln(per capita GDP) |
| Afghanistan | 49.06081 | 7.414915 |
| Albania | 68.2686 | 8.933728 |
| Algeria | 58.80593 | 9.252854 |
| Angola | 87.10575 | 8.542098 |
| Antigua and Barbuda | 123.6612 | 9.93548 |
| Argentina | 28.5341 | 9.64852 |
| Armenia | 78.67365 | 8.835034 |
| Aruba | 148.1516 | 10.41792 |
| Australia | 40.27024 | 10.47643 |
| Austria | 90.94601 | 10.55975 |
| Azerbaijan | 87.88811 | 9.149967 |
| Bahamas, The | 83.48107 | 10.23552 |
| Bahrain | 152.0384 | 10.68122 |
| Bangladesh | 32.126 | 7.9625 |
| Barbados | 85.93795 | 9.554848 |
| Belarus | 124.9703 | 9.375794 |
| Belgium | 143.584 | 10.49709 |
| Belize | 93.6612 | 9.010905 |
| Benin | 52.37362 | 7.700512 |
| Bermuda | 74.81585 | 11.04531 |
| Bhutan | 89.59954 | 8.669463 |
| Bolivia | 60.08202 | 8.516514 |
| Bosnia and Herzegovina | 91.70753 | 9.056456 |
| Botswana | 95.189 | 9.315367 |
| Brazil | 24.37512 | 9.362653 |
| Brunei Darussalam | 105.9341 | 11.13751 |
| Bulgaria | 102.5755 | 9.512731 |
| Burkina Faso | 44.77993 | 7.17781 |
| Burundi | 32.47063 | 6.465715 |
| Cabo Verde | 89.4279 | 8.411482 |
| Cambodia | 112.7283 | 7.779334 |
| Cameroon | 43.29754 | 7.910618 |
| Canada | 66.22266 | 10.49648 |
| Cayman Islands | 113.7542 | 11.17062 |
| Central African Republic | 43.17579 | 6.621224 |
| Chad | 69.52597 | 7.15466 |
| Chile | 62.7163 | 9.644948 |
| China | 41.37279 | 8.954042 |
| Colombia | 36.61683 | 9.213805 |
| Comoros | 37.51942 | 7.742887 |
| Congo, Dem. Rep. | 60.47667 | 6.550902 |
| Congo, Rep. | 113.3556 | 8.342913 |
| Costa Rica | 76.15062 | 9.406692 |
| Cote d'Ivoire | 56.91159 | 8.205462 |
| Croatia | 83.1985 | 9.8904 |
| Curacao | 153.5903 | 10.10633 |
| Cyprus | 127.3996 | 10.24514 |
| Czechia | 114.8031 | 10.14078 |
| Denmark | 89.59655 | 10.55791 |
| Djibouti | 288.3158 | 8.444387 |
| Dominica | 96.02444 | 9.058608 |
| Dominican Republic | 64.80228 | 9.234965 |
| Ecuador | 50.85684 | 9.022522 |
| Egypt, Arab Rep. | 46.95684 | 8.968135 |
| El Salvador | 68.45039 | 8.685244 |
| Equatorial Guinea | 109.0941 | 9.686016 |
| Eritrea | 71.91492 | 7.277879 |
| Estonia | 143.8293 | 10.01574 |
| Eswatini | 117.8783 | 8.757651 |
| Ethiopia | 34.69909 | 6.944905 |
| Fiji | 115.0627 | 8.96783 |
| Finland | 71.08023 | 10.44259 |
| France | 54.11152 | 10.39926 |
| Gabon | 84.60518 | 9.548614 |
| Gambia, The | 53.88938 | 7.533071 |
| Georgia | 87.62406 | 8.926407 |
| Germany | 69.22881 | 10.51237 |
| Ghana | 74.42329 | 8.15709 |
| Greece | 56.28786 | 10.0768 |
| Guatemala | 53.56855 | 8.72649 |
| Guinea | 69.85521 | 7.388001 |
| Guinea-Bissau | 50.38786 | 7.202862 |
| Guyana | 208.3498 | 9.167166 |
| Haiti | 37.9814 | 7.853613 |
| Honduras | 109.8715 | 8.184862 |
| Hungary | 131.5457 | 9.891836 |
| Iceland | 78.5092 | 10.64124 |
| India | 36.13793 | 8.208019 |
| Indonesia | 52.82737 | 8.914579 |
| Iran, Islamic Rep. | 44.03054 | 9.508325 |
| Iraq | 71.19105 | 9.121371 |
| Ireland | 172.4843 | 10.74904 |
| Israel | 64.59945 | 10.33891 |
| Italy | 50.34031 | 10.37827 |
| Jamaica | 91.39713 | 8.967832 |
| Japan | 26.60146 | 10.38943 |
| Jordan | 118.2958 | 8.96853 |
| Kazakhstan | 79.28144 | 9.673871 |
| Kenya | 50.54917 | 7.929457 |
| Kiribati | 110.6368 | 7.40419 |
| Korea, Rep. | 71.80449 | 10.1996 |
| Kosovo | 82.77581 | 9.179861 |
| Kuwait | 95.28721 | 11.05801 |
| Kyrgyz Republic | 102.0868 | 8.034971 |
| Lao PDR | 71.94512 | 8.235851 |
| Latvia | 105.292 | 9.836234 |
| Lebanon | 76.53961 | 9.315897 |
| Lesotho | 145.2385 | 7.497512 |
| Libya | 70.60639 | 10.08877 |
| Lithuania | 122.5044 | 9.977411 |
| Luxembourg | 281.1343 | 11.25218 |
| Madagascar | 51.26887 | 7.228907 |
| Malaysia | 167.6112 | 9.796346 |
| Mali | 57.39796 | 7.329298 |
| Malta | 257.6751 | 10.16727 |
| Mauritania | 76.36152 | 8.276639 |
| Mauritius | 116.1797 | 9.530154 |
| Mexico | 56.19579 | 9.594456 |
| Moldova | 111.8932 | 8.868934 |
| Mongolia | 110.1324 | 8.85551 |
| Montenegro | 104.9484 | 9.588451 |
| Morocco | 63.16608 | 8.645649 |
| Namibia | 93.70394 | 8.902802 |
| Nauru | 152.2424 | 8.997207 |
| Nepal | 46.80731 | 7.648524 |
| Netherlands | 129.3396 | 10.6013 |
| New Zealand | 57.08034 | 10.27493 |
| Nicaragua | 80.85899 | 8.230421 |
| Niger | 37.45058 | 6.870752 |
| Norway | 70.05615 | 10.80091 |
| Oman | 92.93772 | 10.58621 |
| Pakistan | 30.74511 | 8.178209 |
| Panama | 135.3522 | 9.695117 |
| Papua New Guinea | 106.5005 | 7.954775 |
| Paraguay | 82.65135 | 9.167879 |
| Peru | 42.41128 | 8.987625 |
| Philippines | 66.92372 | 8.555437 |
| Poland | 79.77336 | 9.817119 |
| Portugal | 70.08655 | 10.08152 |
| Puerto Rico | 106.4597 | 10.21278 |
| Qatar | 91.55278 | 11.64375 |
| Romania | 66.44624 | 9.623314 |
| Russian Federation | 53.36801 | 9.703573 |
| Rwanda | 38.80766 | 7.073594 |
| Samoa | 77.10694 | 8.364706 |
| San Marino | 317.0695 | 10.98687 |
| Saudi Arabia | 71.04971 | 10.69827 |
| Senegal | 54.58311 | 7.820818 |
| Serbia | 74.9109 | 9.399183 |
| Seychelles | 155.5325 | 9.828302 |
| Sierra Leone | 55.71025 | 7.003993 |
| Singapore | 351.0357 | 11.06837 |
| Slovak Republic | 144.4895 | 9.931583 |
| Slovenia | 128.4117 | 10.22811 |
| Somalia | 73.75597 | 7.300932 |
| South Sudan | 78.61116 | 7.688796 |
| Spain | 55.25562 | 10.23832 |
| Sri Lanka | 66.22736 | 8.934558 |
| Sudan | 21.98233 | 8.117678 |
| Suriname | 97.51881 | 9.355315 |
| Sweden | 78.46508 | 10.54231 |
| Switzerland | 105.0312 | 10.80199 |
| Tajikistan | 102.5998 | 7.708381 |
| Tanzania | 41.51239 | 7.457526 |
| Thailand | 113.246 | 9.335289 |
| Timor-Leste | 109.0898 | 7.825159 |
| Togo | 69.1585 | 7.359806 |
| Tonga | 75.19501 | 8.367421 |
| Tunisia | 92.29288 | 9.003945 |
| Turkiye | 49.20055 | 9.72849 |
| Turkmenistan | 87.13344 | 8.933459 |
| Uganda | 36.91253 | 7.380897 |
| Ukraine | 90.12392 | 9.003673 |
| United Arab Emirates | 142.805 | 11.35672 |
| United Kingdom | 55.43382 | 10.41293 |
| United States | 25.14908 | 10.71348 |
| Uruguay | 47.34813 | 9.63608 |
| Uzbekistan | 56.78762 | 8.436767 |
| Vanuatu | 95.22025 | 7.78566 |
| Venezuela, RB | 50.77501 | 9.45816 |
| Viet Nam | 123.6955 | 8.534638 |
| West Bank and Gaza | 78.21159 | 8.337235 |
| Yemen, Rep. | 64.16806 | 7.958192 |
| Zambia | 68.35445 | 7.829344 |
| Zimbabwe | 68.14309 | 7.642353 |
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
