Revisiting Globalization: Southeast Asia in the Global Factory

One of the most significant innovations in international industrial organization over the past half-century has been the vertical disintegration of production, with different stages carried out in different countries-a process widely known as the Global Manufacturing Value Chain (GMVC). Trade based on global production sharing within GMVC has been the primary driver behind the dramatic shift in world manufacturing exports from developed to developing countries. However, there are growing co...