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Global production landscape a result of market competition, international division of labor [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
of productivity and economic globalization has led to the accelerated flow of production factors worldwide. As a result, the distribution of manufacturing capacity in different countries and regions has been constantly changing, forming a dynamic global pattern of production capacity. This is an objective phenomenon determined by economic laws under market economy, which requires a science-based and rational understanding. The global production landscape is a result of economic globalization. Under open market economy, an international division of labor has been formed due to the comparative advantages of countries. Through international trade, they share the benefits brought about by this division of labor and specialization. This is the inherent logic behind economic globalization and free trade. For example, according to a report by the Semiconductor Industry Association of the United States , semiconductor companies headquartered in the United States reported total sales o
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