Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/238161 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
Working Paper No. 2021-13
Verlag: 
University of Massachusetts, Department of Economics, Amherst, MA
Zusammenfassung: 
We revisit the hypotheses of unequal exchange and deterioratingterms of trade in the specific context of import-intensive, export-led strategies of developing countries which rely on integration intoGVCs for access to markets in developed countries using a stylizedtwo-country two-commodity Classical- Marxian trade model. Twosources of asymmetry can be distinguished: market power arisingfrom the competition between suppliers that depresses the prices atwhich the final good is supplied; and monopoly power arising fromthe lead firms control and ownership of intangible assets includingbrand and design. The model explores some implications of thesetwo sources of asymmetry.
Schlagwörter: 
Unequal Exchange
Global Value Chains
Classical TradeModel
JEL: 
F02
F23
O19
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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