Discuss how the GVCs (global value chains) today have complemented conventional free trade theories

economics

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Choose two assumptions you think most unreal in free trade theories. Discuss how the GVCs (global value chains) today have complemented the conventional free trade theories.
This should be at least one full page, or more, single spaced that completely answers the question above. You should use 3 or more academic, peer-reviewed sources from credible collegiate approved locations.  The first source should be: Michael P. Todaro & Stephen C. Smith, Economic Development, 12th Ed. Addison-Wesley, Inc., 2015 (isbn 978-0-13-340678-8; isbn 0-13-340678-4

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