March 31, 2022 |
Economy
China hasn’t moved up Smile Curve as much as it has entrenched current position
Note: The x-axis represents country/industry position in the production stage based on ADB MRIO data on Average Propagation Length. The y-axis represents labor productivity using ILO data on mean nominal monthly earnings by economic activity in PPP adjusted 2017 US dollar. The size of the circles represents total value added to the global value chain by country/industry.
Source: ADB MRIO Database; UIBE GVC Index Team, “Data files structure of the UIBE GVC index system”; ILO; national statistics bureaus; MacroPolo.
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