Global Value Chains: What are the Benefits and Why Do Countries Participate?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484395484
Total Pages : 31 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Global Value Chains: What are the Benefits and Why Do Countries Participate? by : Ms.Faezeh Raei

Download or read book Global Value Chains: What are the Benefits and Why Do Countries Participate? written by Ms.Faezeh Raei and published by International Monetary Fund. This book was released on 2019-01-18 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from participation in GVCs through multiple channels. However, little is known empirically about the economic importance of supply chains. We use the Eora MRIO database to compute different measures of GVC participation for 189 countries and illustrate global patterns of supply chains as well as their evolution over time in order to contribute to this topic. We find that GVC-related trade, rather than conventional trade, has a positive impact on income per capita and productivity, however there is large heterogeneity and the gains appear more signifcant for upper-middle and high-income countries. We document that “moving up” to more high-tech sectors while participating in major supply chains does take place but is not universal, suggesting other factors matter. We confirm the findings of the standard gravity literature for GVC trade; highlighting the key role of institutional features such as contract enforcement and the quality of infrastructure as determinants of GVC participation.

Global Value Chains: What are the Benefits and Why Do Countries Participate?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484392922
Total Pages : 31 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Global Value Chains: What are the Benefits and Why Do Countries Participate? by : Ms.Faezeh Raei

Download or read book Global Value Chains: What are the Benefits and Why Do Countries Participate? written by Ms.Faezeh Raei and published by International Monetary Fund. This book was released on 2019-01-18 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from participation in GVCs through multiple channels. However, little is known empirically about the economic importance of supply chains. We use the Eora MRIO database to compute different measures of GVC participation for 189 countries and illustrate global patterns of supply chains as well as their evolution over time in order to contribute to this topic. We find that GVC-related trade, rather than conventional trade, has a positive impact on income per capita and productivity, however there is large heterogeneity and the gains appear more signifcant for upper-middle and high-income countries. We document that “moving up” to more high-tech sectors while participating in major supply chains does take place but is not universal, suggesting other factors matter. We confirm the findings of the standard gravity literature for GVC trade; highlighting the key role of institutional features such as contract enforcement and the quality of infrastructure as determinants of GVC participation.

Making Global Value Chains Work for Development

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464801622
Total Pages : 286 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Making Global Value Chains Work for Development by : Daria Taglioni

Download or read book Making Global Value Chains Work for Development written by Daria Taglioni and published by World Bank Publications. This book was released on 2016-06-10 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic, technological, and political shifts as well as changing business strategies have driven firms to unbundle production processes and disperse them across countries. Thanks to these changes, developing countries can now increase their participation in global value chains (GVCs) and thus become more competitive in agriculture, manufacturing and services. This is a paradigm shift from the 20th century when countries had to build the entire supply chain domestically to become competitive internationally. For policymakers, the focus is on boosting domestic value added and improving access to resources and technology while advancing development goals. However, participating in global value chains does not automatically improve living standards and social conditions in a country. This requires not only improving the quality and quantity of production factors and redressing market failures, but also engineering equitable distributions of opportunities and outcomes - including employment, wages, work conditions, economic rights, gender equality, economic security, and protecting the environment. The internationalization of production processes helps with very few of these development challenges. Following this perspective, Making Global Value Chains Work for Development offers a strategic framework, analytical tools, and policy options to address this challenge. The book conceptualizes GVCs and makes it easier for policymakers and practitioners to discuss them and their implications for development. It shows why GVCs require fresh thinking; it serves as a repository of analytical tools; and it proposes a strategic framework to guide policymakers in identifying the key objectives of GVC participation and in selecting suitable economic strategies to achieve them.

World Development Report 2020

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Publisher : World Bank Publications
ISBN 13 : 1464814953
Total Pages : 511 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis World Development Report 2020 by : World Bank

Download or read book World Development Report 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-19 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.

Interconnected Economies Benefiting from Global Value Chains

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264189564
Total Pages : 274 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis Interconnected Economies Benefiting from Global Value Chains by : OECD

Download or read book Interconnected Economies Benefiting from Global Value Chains written by OECD and published by OECD Publishing. This book was released on 2013-05-28 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines how global value chains have evolved and the policy challenges they have created.

An Investment Perspective on Global Value Chains

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Publisher : World Bank Publications
ISBN 13 : 1464816840
Total Pages : 373 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis An Investment Perspective on Global Value Chains by : Christine Zhenwei Qiang

Download or read book An Investment Perspective on Global Value Chains written by Christine Zhenwei Qiang and published by World Bank Publications. This book was released on 2021-06-15 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report investigates the role of foreign direct investment (FDI) in helping developing countries participate in global value chains (GVCs). It combines the perspectives and strategies from three types of players: multinational corporations, domestic firms and governments. It aims to provide practical guidance for developing countries to develop strategies that use FDI to strengthen GVC participation and upgrading. The report has six main chapters: 1. FDI and GVCs. Assesses the trade-investment nexus and analyzes the effect of FDI in countries’ GVC participation and upgrading at the country level. 2. MNCs shape GVC development. Highlights MNCs' contribution to global economy and how their business strategies shape the evolution of GVCs. The chapter also compares MNCs' business strategies in terms of outsourcing and offshoring, risk mitigation and increasing market power across GVC archetypes. 3. Domestic firm perspectives on GVC participation. Looks at the various paths domestic firms can take to internationalize their production and trade. Investigates domestic firm characteristics that predict higher GVC participation, and the effect of GVC participation on firm performance. 4. Investment policy and promotion: what is in a government’s toolbox? Summarizes the various policy instruments governments have at their disposal to help attract MNCs to their country and facilitate GVC participation of domestic firms. 5. Integrating countries into GVCs. Draws on a range of case studies to illustrate how governments can develop coherent strategies and policy packages to integrate their countries into GVCs. 6. FDI and GVCs in the wake of COVID-19. Reflects the impact of COVID-19 on FDI and GVCs, the response from multinationals and suppliers, and the implications for GVC reconfiguration. In addition, there are seven case studies that offer more nuanced analysis on the GVC participation in selected countries and sectors: • Five qualitative case studies: Five countries have been selected that managed to use FDI to stimulate GVC participation using a range of approaches. By design, these five countries also cover five different GVC archetypes. These countries are: (1) Kenya (horticulture); (2) Dominican Republic (textiles); (3) Mauritius (tourism); (4) Malaysia (electronics); (5) China (software). • Two quantitative case studies: Rwanda, West-Bengal (India). These use a combination of firm- and transaction level datasets to study firm-level dynamics that explain the role of multinational and domestic firms across GVCs.

Global Value Chains

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Author :
Publisher : Amsterdam University Press
ISBN 13 : 9089643605
Total Pages : 281 pages
Book Rating : 4.0/5 (896 download)

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Book Synopsis Global Value Chains by : Meine Pieter van Dijk

Download or read book Global Value Chains written by Meine Pieter van Dijk and published by Amsterdam University Press. This book was released on 2012 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mondiale waardeketens zijn het complexe netwerk van activiteiten tussen lokale producent en eindgebruiker. "Global value chains" schetst de invloed van deze waardeketens op lokaal, nationaal en internationaal niveau. Het boek geeft eerst een theoretisch en wetenschappelijk kader. Vervolgens krijgt de lezer een compleet beeld van de betekenis van mondiale waardeketens aan de hand van diverse casestudies, zoals de bierbrouwindustrie in Ghana, de Namibische bio-industrie, de industrie van halfgeleiders in China en Maleisië en het toerisme in Tanzania.

OECD Skills Outlook 2017

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Publisher : OECD
ISBN 13 : 9264274723
Total Pages : 164 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis OECD Skills Outlook 2017 by : Collectif

Download or read book OECD Skills Outlook 2017 written by Collectif and published by OECD. This book was released on 2017-05-04 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1990s, the world has entered a new phase of globalisation. Information and communication technology, trade liberalisation and lower transport costs have enabled firms and countries to fragment the production process into global value chains (GVCs). Many products are now designed in one country and assembled in another country from parts manufactured in several countries. Thirty percent of the value of exports of OECD countries comes from abroad. In this new context, GVCs and skills are more closely interrelated than ever. Skills play a key role in determining countries’ comparative advantages in GVCs. A lot of the opportunities and challenges brought about by GVCs are being affected by countries’ skills. The OECD Skills Outlook 2017 shows how countries can make the most of global value chains, socially and economically, by investing in the skills of their populations. Applying a “whole of government” approach is crucial. Countries need to develop a consistent set of skills-related policies such as education, employment protection legislation, and migration policies, in coordination with trade and innovation policies. This report presents new analyses based on the Survey of Adult Skills and the Trade in Value Added Database. It also explains what countries would need to do to specialise in technologically advanced industries.

Measuring and Analyzing the Impact of GVCs on Economic Development

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Author :
Publisher : World Trade Organization
ISBN 13 : 9789287041258
Total Pages : 0 pages
Book Rating : 4.0/5 (412 download)

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Book Synopsis Measuring and Analyzing the Impact of GVCs on Economic Development by : World Trade Organization

Download or read book Measuring and Analyzing the Impact of GVCs on Economic Development written by World Trade Organization and published by World Trade Organization. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is about a huge contribution to our deepening understanding of what the global economy really means and how it is changing. The report helpfully distinguishes elements of an economy that are tradable and the large set that are non-tradable. Clearly the tradables set is expanding with the support of enabling technology. The report argues that connectivity in the networks that define the evolving architecture of GVCs is important. This Global Value Chain Development Report is the result of intensive and detailed work in assembling and analyzing data on the structure of economies and on how they are linked. It creates a much clearer picture of evolving patterns of independence. It also presents a much clearer picture of comparative advantage. --Publisher description.

Global Value Chains in a Changing World

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Publisher :
ISBN 13 : 9789287038821
Total Pages : 409 pages
Book Rating : 4.0/5 (388 download)

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Book Synopsis Global Value Chains in a Changing World by : Deborah Kay Elms

Download or read book Global Value Chains in a Changing World written by Deborah Kay Elms and published by . This book was released on 2013 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of papers by some of the world's leading specialists on global value chains (GVCs). It examines how GVCs have evolved and the challenges they face in a rapidly changing world. The approach is multi-disciplinary, with contributions from economists, political scientists, supply chain management specialists, practitioners and policy-makers. Co-published with the Fung Global Institute and the Temasek

Global Value Chains and Productivity: Micro Evidence from Estonia

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513542303
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Global Value Chains and Productivity: Micro Evidence from Estonia by : Hang T. Banh

Download or read book Global Value Chains and Productivity: Micro Evidence from Estonia written by Hang T. Banh and published by International Monetary Fund. This book was released on 2020-07-03 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has led to an unprecedented collapse in global economic activity and trade. The crisis has also highlighted the role played by global value chains (GVC), with countries facing shortages of components vital to everything from health systems to everyday household goods. Despite the vulnerabilities associated with increased interconnectedness, GVCs have also contributed to increasing productivity and long-term growth. We explore empirically the impact of GVC participation on productivity in Estonia using firm-level data from 2000 to 2016. We find that higher GVC participation at the industry level significantly boosts productivity at both the industry and the firm level. Frontier firms, large firms, and exporting firms also benefit more from GVC participation than non-frontier firms, small firms, and non-exporting firms. We also find that GVC participation of downstream industries has a negative correlation with productivity. Frontier firms and large firms benefit more from GVC participation of upstream industries, while non-frontier firms and small firms benefit more from GVC participation of downstream industries. Our results suggest that policies designed to promote participation in GVCs are important to raise aggregate productivity and potential growth in Estonia.

Global Value Chains in a Postcrisis World

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Publisher : World Bank Publications
ISBN 13 : 0821384996
Total Pages : 420 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Global Value Chains in a Postcrisis World by : Olivier Cattaneo

Download or read book Global Value Chains in a Postcrisis World written by Olivier Cattaneo and published by World Bank Publications. This book was released on 2010 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book looks to address the following questions in a post-crisis world: How have lead firms responded to the crisis? Have they changed their traditional supply chain strategy and relocated and/or outsourced part of their production? How will those changes affect developing countries? What should be the policy responses to these changes?

Handbook on Global Value Chains

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1788113772
Total Pages : 640 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis Handbook on Global Value Chains by : Stefano Ponte

Download or read book Handbook on Global Value Chains written by Stefano Ponte and published by Edward Elgar Publishing. This book was released on 2019 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains (GVCs) are a key feature of the global economy in the 21st century. They show how international investment and trade create cross-border production networks that link countries, firms and workers around the globe. This Handbook describes how GVCs arise and vary across industries and countries, and how they have evolved over time in response to economic and political forces. With chapters written by leading interdisciplinary scholars, the Handbook unpacks the key concepts of GVC governance and upgrading, and explores policy implications for advanced and developing economies alike. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial}

Global Value Chain Development Report 2021

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Publisher :
ISBN 13 : 9789287054296
Total Pages : 0 pages
Book Rating : 4.0/5 (542 download)

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Book Synopsis Global Value Chain Development Report 2021 by : Banque asiatique de développement

Download or read book Global Value Chain Development Report 2021 written by Banque asiatique de développement and published by . This book was released on 2022-01-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A radical shift is underway in global value chains as they increasingly move beyond traditional manufacturing processes to services and other intangible assets. Digitization is a leading factor in this transformation, which is being accelerated by the coronavirus disease (COVID-19) pandemic. The Global Value Chain Development Report, the third of a biennial series, explores this shift beyond production. The report shows how the rise of services value chains offers a new path to development and how protectionism and geopolitical tensions, environmental risks, and pandemics are undermining the stability of global value chains and forcing their reorganization geographically. It is co-published by the WTO, the Asian Development Bank, the Research Institute for Global Value Chains at the University of International Business and Economics, the Institute of Developing Economies, and the China Development Research Foundation.

Global Value Chains and the Missing Links

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Publisher : Taylor & Francis
ISBN 13 : 0429892004
Total Pages : 215 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Global Value Chains and the Missing Links by : Saon Ray

Download or read book Global Value Chains and the Missing Links written by Saon Ray and published by Taylor & Francis. This book was released on 2018-05-15 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains (GVCs) are fraught with the phenomenon of fragmentation and dispersion of production across the world. India presents a unique example with its high potential in manufacturing capability but low integration in GVCs. This book examines the reasons why India has failed to integrate within GVCs so far and looks at key examples to understand the impediments in this process. The chapters bring together case studies from across the manufacturing industry – labour-intensive (garment, paper and diamond), capital-intensive (automobile and petrochemical), and knowledge-intensive (semi-conductor microchip, chemical and pharmaceutical) sectors. Together, they present stories of successful integration of some firms in GVCs as well as the difficulties faced by them. The volume also highlights the importance of GVCs in the context of developing countries in terms of benefits such as income and value generation, knowledge and technology collaborations, and advances in systems and processes. This book will interest scholars and researchers in economics, international trade studies, development economics and business management as well as to practitioners, policymakers, government officials, and those in the corporate sector.

Decoding China's Export Miracle: A Global Value Chain Analysis

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Publisher : World Scientific
ISBN 13 : 9811229643
Total Pages : 214 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Decoding China's Export Miracle: A Global Value Chain Analysis by : Yuqing Xing

Download or read book Decoding China's Export Miracle: A Global Value Chain Analysis written by Yuqing Xing and published by World Scientific. This book was released on 2021-03-17 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: In less than three decades, China has emerged as the world's largest exporting nation with more than $2 trillion exports annually. China's quick rise as a leading exporter in the world is an unprecedented miracle. There are many theories explaining this miracle. This book adopts the global value chain (GVC) approach to analyze the Chinese export miracle over the last four decades. It focuses on the tasks rather than the gross export value and emphasizes the organizations of modern trade rather than the national comparative advantage. The GVC approach systematically explains how, in less than four decades China has evolved from a closed economy to the world's No. 1 exporting nation; why China, a developing country, has exported more high-technology products than labor-intensive products to the US; and why almost half of the US trade deficit has originated from China.The book identifies three spillover effects of GVCs that originated from brands, technology and product innovation, and distribution and retail networks of GVCs lead firms. It argues that China's deep integration with GVCs has been a decisive factor for China's emergence as the world's No.1 exporting nation and the champion of high-technology exports. In addition, this book uses iPhone trade and the operation of Apple, the largest factory-less American manufacturer, to explain how current trade statistics exaggerate China's exports to and its trade surplus with the US on the one hand, and underestimate US exports on the other hand.By using the experience of the Chinese mobile phone industry, the book argues that the GVC strategy can be a short-cut for developing countries to achieve industrialization and enable firms of developing countries to enter high-technology sectors despite their intrinsic disadvantages. At this end, the book also discusses the future trajectory of China-centered GVCs under the shadow of the US-China trade war and the COVID-19 pandemic.

Enhancing the Role of SMEs in Global Value Chains

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264051031
Total Pages : 102 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Enhancing the Role of SMEs in Global Value Chains by : OECD

Download or read book Enhancing the Role of SMEs in Global Value Chains written by OECD and published by OECD Publishing. This book was released on 2008-10-23 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report identifies the ways in which governments, the business community, and international organisations can facilitate SMEs’ gainful participation in global value chains through policies, practices and targeted support programmes.