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David Dollar on the Value of Value Chains

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David Dollar on the Value of Value Chains

June 14, 2019

Global value chains break up the production process so that different steps can be carried out in different countries. In the past, a country had to master the production of a whole manufactured product to export it, which rarely happened. With value chains, a country can specialize in one or several activities in which it has a comparative advantage. In this podcast, David Dollar says he's seen Asia's economies transformed by value chains in recent years. Before joining Brookings as Senior Fellow at the China Center, Dollar was World Bank Country Director for China and represented the US Treasury in Beijing.

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David Dollar is a Senior Fellow at the China Center at the Brookings Institution.