សារព័ត៍មានពាណិជ្ជកម្មកម្ពុជា

Chapter 2 Joining a Global Value Chain   Introduction to Globalization Economic globalization refers to the rapid expansion of international trade and capital flows that has been occurring since the early 1990s and to the increase in foreign direct investment (FDI) that has accompanied this expansion. As a result, the economies of the world’s countries have become much more closely integrated than ever before. That’s the abstract way of looking at globalization. In concrete terms, globalization has caused myriads of businesses to divide their products or services into components. Then, instead of producing the components themselves or obtaining them from domestic suppliers, they outsource certain aspects of the work and acquire these goods or services from suppliers, partners or affiliates in other countries. These components, together with the activities that create them, make up the links of what economists call a global value chain.   Understanding Global Value