10月8日，我院副研究员叶明参加由亚洲开发银行举办的线上研讨会，本次会议主题为：Global Value Chain Development Report 2021: Beyond Production。会上，叶明作题为《Smile Curves in Global Value Chains:Multinationals vs Domestic Firms》的演讲，主要观点为：（1）China’s domestic ICT firms’ value chain appears as a smile curve differing from the U.S. domestic firms’ inverted-U curve. This is because the latter has fulfilled industrial upgrading with specialization in very high value-added core products.（2）Multinationals are good at utilizing each country’s comparative advantage, thus can arrange value chains as smile curves, no matter they are located in China or the U.S..（3）China’s domestic firms have increasingly plugged into multinationals’ ICT value chains. All findings clearly reflect how “sticky” the interdependency between China and the U.S. along value chains is, thus can help better understanding on the nature of the recent U.S.-China trade conflicts.
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