Meso-level GVC analysis of Korean shipbuilding
- Publisher:
- Routledge
- Publication Type:
- Chapter
- Citation:
- The Routledge Companion to Global Value Chains, 2021
- Issue Date:
- 2021-09-16
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Management of global value chains (GVCs) is a coordinated effort by the companies participating
in the GVCs as well as by governments who impose trade policy instruments such as tariffs,
quotas, antidumping or other barriers. In some cases, when a tariff or other barrier is imposed
on a given industry in a given country by another country, that country then attempts to mitigate
losses by retaliating by imposing barriers in another industry against the other country or
by passing on the barrier to overseas suppliers of the given industry in other countries. This
case illustrates how the Korean government may explore how to react to a trade barrier on its
shipbuilding industry.
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