The Impact of Political and Economic Factors on Global Value Chains

Douglas Rushkoff: In our previous episode, we briefly touched upon the nature of global value chains in the context of what it takes to manufacture a semiconductor chip. Semiconductors are now part of leading edge technology, drones, military warfare, as well as basically the chips that come into laptops and smartphones which are part of our everyday life. They have transformed the way goods and services are produced and consumed in the world economy because on one hand, this provides companies with opportunities to increase their competitive advantage by efficient value addition at any of the stages that works for them. This means that an increasing possibility that very few firms and countries will have the competence to play in some of the