ECON 472 - Industrialization under Global Value Chains

Spring (4) Prerequisite(s): (ECON 303 and ECON 304 and ECON 308) (College 400)

This capstone seminar explores the interplay between new technologies and radical changes in the patterns of global production and trade for industrial goods. Since 1990, a remarkable combination of ICT technologies, deep liberalization, and ample supply of skilled labor in emerging economies has produced a multipolar and yet tightly integrated global economic order. Manufacturing production is fusing with services but rapidly disintegrating spatially between headquarter economies and factory economies. The research seminar explores the remarkable consequences of technological change for catchup industrialization, multilateral governance, and inter-country and intra-country economic inequality.