Global S&T Development Trend Analysis Platform of Resources and Environment
Shifting Towards a Consumer-Centered Economy and the Implications for International Trade | |
[unavailable] | |
2018-02-20 | |
出版年 | 2018 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
The success of countries and firms will depend on how well they are able to integrate consumer information into the process of value addition. Globalization has radically changed the way goods and services are produced. The impact of globalization on production has been driven mainly by two determinants: In a first phase, a quick fall in transportation costs between countries and in a second, more recent phase, a drastic lowering of international communications costs. We argue that we are currently witnessing the start of another epochal change. Advances in communication and information technology enable companies to have more and more knowledge about the individual consumer. Consequently, products and services can be marketed more specifically or can be customized according to the customer’s preference. We call this new era the consumer-centered economy. The consumer-centered economy is challenging our standard trade and development theories in which consumers are typically assumed to be identical. We predict that the success of countries and firms will depend on how well they are able to integrate consumer information into the process of value addition. Producing standardized goods and services will offer little perspectives for economic development, even when integrated into regional value chains. WORKING PAPER NO: 812 |
URL | 查看原文 |
来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/234854 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Shifting Towards a Consumer-Centered Economy and the Implications for International Trade,2018. |
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文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
adbi-wp812.pdf(174KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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