@article{2016,title={CHANGE IN INTERNATIONAL TRADE: GLOBALIZATION AND FRAGMENTATION OF PRODUCTION},abstractNode={The last two decades we have witnessed a rapid growth in global trade. Technology and new players, in particular emerging countries, have changed the pattern of international trade. Production processes are more and more fragmented across firms and countries, and commerce is increasingly characterized by trade in tasks. Thanks to global value chains, production has turned truly international. Today, companies divide their operations across the world, from the design of the product and manufacturing of components to assembly and marketing, creating international production chains. More and more products are “Made in the World” rather than “Made in the UK” or “Made in France”. The volume of trade in intermediate goods (components and subparts of unfinished products) has risen sharply in recent decades, and the off shoring of goods and even services has accelerated - this is referred to as production fragmentation, or vertical specialization of production. The off shoring of these stages gives extra strength to truly global production chains. The purpose of this study is to generate a theoretical framework for better understanding about the global value chains and fragmentation of production especially “Made in the World” notion.},author={Sadettin GÜLTEKİN},year={2016},journal={Kesit Akademi}}