GLOBAL VALUE CHAINS AND CHINA PERFORMANCE ON IT

Abstract

The value chain describes the transformation of a product from its idea to its end use, including all other activities, including R&D, design, production, marketing, distribution, and end user support. The activities that make up the value chain can be performed by the same company or by different companies. Obviously, in the context of globalization, value creation is likely to involve a network of interconnected companies located around the world.