Globalization and advances in information technology has resulted in the increasingly dispersed international division of labor. The global trade amounts to more than 20 trillion US dollars each year, while intermediate products and services account for nearly sixty percent of them.
I.International Trade & Current Division of Labor
II.Value Relevance & Evolution of Taiwan in the Global Division of Labo
Figure 1: Relevance & Changes of Taiwan & Major Competitive and Cooperative Countries in the Value Chain