ABSTRACT
One of the key features of economic globalization is the fact that foreign trade and multinational investment grow at a faster pace than the GDP of any particular country. This is a common phenomenon throughout the world. One of the main reasons for this is that global supply chains greatly increase the amount of international trade in intermediate products. According to World Trade Organization statistics, trade in intermediate products in 2008 represented 40 percent of total trade in finished goods (see Figure 2.1).
