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How do we measure value added in the amorphous services sector?
Will we return to "contextual value added" in the league tables?
Renault argues that the value added in assembly is only 15% of the total.
The effective rate of protection also depends on the share of value added in the product price.
The chemical industry in the UK, which employs 180,000 people and represents about 12% of value added in manufacturing, is likely to be similarly affected.
Internal managers are compensated in a package that includes a bonus calculated on the value added in excess of specific market index benchmarks.
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The biggest, accounting for 34% of the $10.5 trillion total worldwide manufacturing value-added in 2010, it calls "global innovation for local markets".
The value-added in those devices overwhelmingly originates in one teeny-tiny portion of one metropolitan area of California.
Similarly, an organics tax credit would promote on-farm value-added in the growing and important organics sector for hard-pressed rural areas.
Small firms are especially important there, as they account for 65% of value-added in the non-financial sector, against a euro-zone average of 58%.
For example, the Chinese value-added (in parts and labour) in a mobile phone exported to America might be only 15% of its price.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com