Digitization in the global economy

Consider arguments and evidence that, around the world, increasing digitization is having profound effects on the value chain or value network. What is the value chain? What is its significance in the global economy and in societal relations? In light of such considerations, select any part of the value chain and describe its role or function in the chain. Discuss how it has or is being affected (or not) by increasing digitization and new or changing technologies, and indicate related implications for the workforce. Provide a concrete example illustrating your point(s).

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