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New ‘global value chains’ increase the importance of Brazil-Florida trade

November 19, 2021

The pandemic affected global value chains with shortages of materials along with increases in both production and transportation costs. However, the improvements in efficiency and economic gains achieved in production through global value chains in recent decades should not and will not be simply abandoned. Global value chains are a form of international production, a division of labor where different activities and tasks are carried out in different countries. It is in this context that the Brazil-Florida relationship and, of course, the trade between the two largest economies in the Americas, falls.

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Source: Miami Herald

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