The Supply Chain Economy: How Far Does It Spread in Space and Time?

M. Jovanović (2019), “The Supply Chain Economy: How Far does it Spread in Space and Time?”, Economia Internazionale/International Economics, Vol. 72, no. 4, November - pp. 393-452.

60 Pages Posted: 15 Nov 2019 Last revised: 22 Dec 2019

See all articles by Miroslav N. Jovanovic

Miroslav N. Jovanovic

University of Geneva, Global Studies Institute

Date Written: November 6, 2019

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.

Keywords: global value chain, fragmentation, unbundling, offshoring, trade, standards, integration, 3D printing

JEL Classification: F01, F10, F13, F15, F23, L23, O14, O25, O31

Suggested Citation

Jovanovic, Miroslav N., The Supply Chain Economy: How Far Does It Spread in Space and Time? (November 6, 2019). M. Jovanović (2019), “The Supply Chain Economy: How Far does it Spread in Space and Time?”, Economia Internazionale/International Economics, Vol. 72, no. 4, November - pp. 393-452.. Available at SSRN: https://ssrn.com/abstract=3481782

Miroslav N. Jovanovic (Contact Author)

University of Geneva, Global Studies Institute ( email )

Sciences II, 30 Quai Ernest-Ansermet
Geneva 4, 1211
Switzerland
+41 22 379 3706 (Phone)

HOME PAGE: http://www.miroslavjovanovic.com

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