Author : Mr.Kevin C. Cheng
Publisher : International Monetary Fund
ISBN 13 : 1513516736
Total Pages : 24 pages
Book Rating : 4.5/5 (135 download)
Book Synopsis Reaping the Benefits from Global Value Chains by : Mr.Kevin C. Cheng
Download or read book Reaping the Benefits from Global Value Chains written by Mr.Kevin C. Cheng and published by International Monetary Fund. This book was released on 2015-09-28 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of the rise of global value chains (GVCs), particularly in Asia, this paper documents key developments of GVCs and investigates what factors cause economies to reap greater benefits from GVC participation. Key findings include: first, moving toward a more upstream position in production and raising economic complexity are associated with the country increasing its share of GVC value added. Second, fostering GVC participation and expanding the share of the domestic value added in a value chain require efforts to reduce trade barriers, enhance infrastructure, foster human capital formation, support research and development, and improve institutions.