When and Why Did GVC Theory Emerge

question 20

Multiple Choice

When and why did GVC theory emerge?

• A) In 2005, as a way to find pattern of learning for governments and firms.
• B) In the 21^st century because governments can help their companies upgrade into higher-value activities.
• C) Early in the 1990s to measure the ability of MNC to upgrade.
• D) Early in the 1990s to understand how different countries and companies participate in the creation of a single product.
• E) In 2005, to find better and more flexible contexts for international cooperation.

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Definitions:

Profits and Losses

Refers to the financial gains and expenses incurred by a business, showing whether it has made a profit or suffered a loss over a particular period.

Capital Account Balances

The amounts in the accounts of partners or shareholders representing their contributions plus their share of net income or minus their share of losses.

Predistribution Plan

A strategic plan detailing how assets or profits will be allocated or distributed before the actual distribution takes place.

Profits and Losses

The financial gains or losses resulting from business operations after accounting for revenues and expenses.