Immigrants play pivotal roles in driving innovation, enhancing productivity, and fostering economic growth in their adopted countries. They elevate both their adopted and origin countries' standings in global value chains.
By facilitating what's known as 'trade in value added,' or TiVA, immigrants help countries specialize their production, move up the value chain, and enhance trade sophistication.
Moving up the value chain involves improving skills, technology, and production techniques, allowing a country to capture more economic value and develop advanced industries.
TiVA measures each country's contribution to a final product, providing clearer insight into global value chains, illustrating the globalization of production across multiple nations.
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