Which of the following is a characteristic of the 'Global Value Chains' phenomenon?
A. All production occurs within a single country
B. Only final goods are traded
C. Production processes are fragmented across countries, with intermediate goods crossing borders multiple times
D. Trade is limited to primary commodities
Answer: Option C
Solution (By JKSSB Mock Tests)
Global value chains describe the international fragmentation of production in which different stages of the production process are located in different countries and intermediate inputs are traded intensively.
Explanation:
The Beyond GDP agenda seeks to develop and use a wider set of indicators—covering health, education, environment, inequality and subjective well-being—to provide a more comprehensive picture of societal progress.
No comments yet. Be the first to start the discussion!