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[Asian Steel Watch] Vol.6 (2018.12)

[Asian Steel Watch] Vol.6 (2018.12)

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On the Cover Steel Global Value Chains and Sub-sectorial Comparative Advantage

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  • 글쓴이Gianpiero Mattera
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This note examines the role of Global Value Chains (GVCs) in the context of the steel sector. GVCs, a prevailing phenomenon in the globalised modern world, are characterised by the interaction of domestic value chains across different economies for the production of a certain good. Input-Output (I-O) analysis represents a novel methodological framework that provides a better understanding of the role played by different types of inputs in the generation of comparative advantages. Indicators constructed through I-O data have the potential to shed new light on the intricacies of modern steel global value chains and on the generation of comparative advantage at sub-sectorial level compared to standard measures.

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