Abstract
In the context of the rapid development of global value chain theory, “Internet” as the main feature of digital trade has bred greater opportunities for international cooperation and has become a driving force for the reconstruction of global value chains. This paper studies the relationship between the development of the Internet and the reconstruction of the value chain, verifies the evolution path of the industry’s added value through theoretical derivation, and answers the impact of the development of the Internet on the evolution path of the smile curve. The results show that the “smile curve” is not a necessary feature of the upgrade of the manufacturing value chain. Some industrial value chain upgrades the form of a “Muslim curve”, and the Internet can affect the value added of the manufacturing industry’s export value through three ways.
Highlights
The combination of the development of the Internet and the Internet has greatly changed the structure of international trade and the added value of different industries
The value chain theory studies the entire process of raw materials, semi-finished products and intermediate products, until final consumption and recycling, and the development of the Internet can ensure the timely transmission of information, which has a "multiplier effect" on reducing transaction costs
According to the "smile curve" theory, as the development of the Internet promotes the upgrading of the global value chain of the manufacturing industry, as the international division of labor system becomes more and more refined, the shape of the smile curve becomes more and more steep, and the outsourcing and source links extend The added value difference of the links will become larger and larger, which means that the expansion from the outsourcing link to the source link and the extension link can enhance the position of the manufacturing enterprise in the entire value chain
Summary
The combination of the development of the Internet and the Internet has greatly changed the structure of international trade and the added value of different industries. It has been transformed into the continuous expansion of 5G communication technology. The value chain theory studies the entire process of raw materials, semi-finished products and intermediate products, until final consumption and recycling, and the development of the Internet can ensure the timely transmission of information, which has a "multiplier effect" on reducing transaction costs. The value chain theory system is used to study the Internet The impact of development on specific industries is very persuasive
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