This research asks who captures the greatest value in the global electronics industry by testing the concept of the “smiling curve”, which predicts that the greatest value is captured by upstream and downstream firms, and the lowest value is captured in the middle of the value chain. We test...

Are flying geese moving targets or sitting ducks? This paper examines strategies that Korean and Taiwanese firms and governments adopted to build globally competitive advanced display manufacturing capabilities in the face of Japan's manufacturing advantages. We examine case evidence from two...

In today's global electronics industry, innovation is carried out by various value chain participants, including brand-name manufacturers (sometimes called lead firms), contract manufacturers and component suppliers, but there is little understanding of who benefits most from innovation in such...