Late industrialisation and global value chains under platform capitalism

HIGHLIGHTS

SUMMARY

    The rise of digital platforms over the past decade, a manifestation of what has been termed digital platform capitalism, has raised further concerns about the costs of GVCs for late industrialising countries, which may imply that even the positive productivity and growth effects may diminish and that their policy space may further shrink (Bonina et_al, 2021; Grabher and amp; van Tuijl, 2020). The evaluation of the relative costs and benefits of digital platform capitalism for late industrialising countries is, however, hampered by insufficient research on the relationship between GVCs and digital platform capitalism. "The . . .

     

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