Dynamic products in world exports
The values and market shares of three product categories have grown most rapidly in world exports during the period 1980–1998: electrical and electronic goods (including parts and components for such goods), goods which require high R&D expenditures, and labour-intensive products, particularly clothing. A strong geographical concentration in developing countries at both regional and country levels is discernable regarding the origin of these products. There appears to be a sustained movement in world exports towards the growing significance of a limited number of products and it would seem that there has been a rapid and sustained technological upgrading in the export composition of developing countries. However, since the involvement of developing countries is usually limited to the labour-intensive stages in the production process of technology-intensive goods in the context of international production sharing, simple measures of growth in gross export values are poor guides for an assessment of the nature of participation of developing countries in world trade.
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Volume (Year): 140 (2004)
Issue (Month): 3 (September)
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