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Corresponding Author:
Miroslav N. Jovanović, University of Geneva, Global Studies Institute, Dušan Sidjanski Centre of Excellence in European Studies, Switzerland

The Supply Chain Economy: How Far does it Spread in Space and Time?

Volume 72 - Issue 4, November 2019
(pp. 393-452)
JEL classification: F01, F10, F13, F15, F23, L23, O14, O25, O31
Keywords: Global Value Chain, Fragmentation, Unbundling, Offshoring, Trade, Standards, Integration, 3D Printing

Abstract

The supply chain economy provides grounds for a non-linear economic leapfrog start in development. Rather than specializing in the whole production procedure, the new model enables specialization in production segments. All process links are related and must be of an identical high standard. The differential treatment of developing countries is therefore not acceptable in this economic model. Statistics provision and trade policy need to change. Duties must be either eliminated or applied on a value-added basis. A new wave of protectionism is testing the spread of the supply chain economy. Three-dimensional printing may pose a challenge to the length and future spread of value chains.


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Institute for International Economics
of the Genoa Chamber of Commerce


Istituto di Economia Internazionale
Camera di Commercio di Genova
Via Garibaldi, 4 (III piano) - 16124 Genova (Italy)
www.ge.camcom.gov.it