The Reconstruction of Global Value Chain in the Age of Digital Economy

Abstract

With the rapid development of digital economy, the global value chain is going through huge changes and facing complex reconstruction. The digital technologies such as Internet and artificial intelligence have made great difference on global value chain by reducing the trade costs and communication barriers. This paper aims to explore the influencing mechanism and establish a theoretical framework between digital economy and global value chain. Grey prediction was used to forecast the reconstruction of global value chain. Based on the analysis, implications can be drawn for Chinese government to better participate in the global value chain in the age of digital economy.