Global Value Chains What Are The Benefits And Why Do Countries Participate

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

Ms.Faezeh Raei,Anna Ignatenko,MissBorislava Mircheva
Global Value Chains What are the Benefits and Why Do Countries Participate Book PDF

Author : Ms.Faezeh Raei,Anna Ignatenko,MissBorislava Mircheva
Publisher : International Monetary Fund
Page : 31 pages
File Size : 55,9 Mb
Release : 2019-01-18
Category : Business & Economics
ISBN : 9781484395486

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Global Value Chains: What are the Benefits and Why Do Countries Participate? by Ms.Faezeh Raei,Anna Ignatenko,MissBorislava Mircheva Pdf

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?

Ms.Faezeh Raei,Anna Ignatenko,MissBorislava Mircheva
Global Value Chains What are the Benefits and Why Do Countries Participate Book PDF

Author : Ms.Faezeh Raei,Anna Ignatenko,MissBorislava Mircheva
Publisher : International Monetary Fund
Page : 31 pages
File Size : 43,7 Mb
Release : 2019-01-18
Category : Business & Economics
ISBN : 9781484392928

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Global Value Chains: What are the Benefits and Why Do Countries Participate? by Ms.Faezeh Raei,Anna Ignatenko,MissBorislava Mircheva Pdf

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

Daria Taglioni,Deborah Winkler
Making Global Value Chains Work for Development Book PDF

Author : Daria Taglioni,Deborah Winkler
Publisher : World Bank Publications
Page : 286 pages
File Size : 40,5 Mb
Release : 2016-06-10
Category : Business & Economics
ISBN : 9781464801624

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Making Global Value Chains Work for Development by Daria Taglioni,Deborah Winkler Pdf

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

World Bank
World Development Report 2020 Book PDF

Author : World Bank
Publisher : World Bank Publications
Page : 511 pages
File Size : 50,9 Mb
Release : 2019-11-19
Category : Business & Economics
ISBN : 9781464814952

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World Development Report 2020 by World Bank Pdf

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

OECD
Interconnected Economies Benefiting from Global Value Chains Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 274 pages
File Size : 45,6 Mb
Release : 2013-05-28
Category : Electronic
ISBN : 9789264189560

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Interconnected Economies Benefiting from Global Value Chains by OECD Pdf

This book examines how global value chains have evolved and the policy challenges they have created.

Inclusive Global Value Chains Policy Options in Trade and Complementary Areas for GVC Integration by Small and Medium Enterprises and Low-Income Developing Countries

OECD,The World Bank
Inclusive Global Value Chains Policy Options in Trade and Complementary Areas for GVC Integration by Small and Medium Enterprises and Low Income Developing Countries Book PDF

Author : OECD,The World Bank
Publisher : OECD Publishing
Page : 107 pages
File Size : 52,9 Mb
Release : 2017-04-08
Category : Electronic
ISBN : 9789264249677

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Inclusive Global Value Chains Policy Options in Trade and Complementary Areas for GVC Integration by Small and Medium Enterprises and Low-Income Developing Countries by OECD,The World Bank Pdf

This joint OECD and World Bank Group report, presented to G20 Trade Ministers in October 2015, focuses on the challenge of making GVCs more “inclusive” by overcoming participation constraints for SMEs and facilitating access for LIDCs.

OECD Skills Outlook 2017

Collectif
OECD Skills Outlook 2017 Book PDF

Author : Collectif
Publisher : OECD
Page : 164 pages
File Size : 53,7 Mb
Release : 2017-05-04
Category : Business & Economics
ISBN : 9789264274723

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OECD Skills Outlook 2017 by Collectif Pdf

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.

Services in Global Value Chains

Patrick Low,Gloria O Pasadilla
Services in Global Value Chains Book PDF

Author : Patrick Low,Gloria O Pasadilla
Publisher : World Scientific
Page : 784 pages
File Size : 54,6 Mb
Release : 2016-06-21
Category : Business & Economics
ISBN : 9789813141476

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Services in Global Value Chains by Patrick Low,Gloria O Pasadilla Pdf

This compilation of 22 firm-specific case studies is an important contribution to the discussion of 'servicification' trends in manufacturing. 'Services have increased in importance and value in many manufacturing value chains, making companies that produce physical products look more like service enterprises. What services do global value chains use in their operations, how important are they and how do economic policies shape firms' configurations, operations, and location of global value chains? This book addresses these questions and more. The interviewed firms, based in 12 APEC economies, come from different sectors ranging from multinational automotive, construction equipment, and electrical appliance manufacturers to small and medium manufacturers of watches or chemical for water treatment. The book analyses what specific services are important in different stages of the value chain, and whether they are typically provided in-house or outsourced. Contents:Manufacturing-Related Services (Patrick Low and Gloria O Pasadilla)Manufacturing of Aircraft Control Systems in the Philippines (Andre Wirjo and Gloria O Pasadilla)Industrial Welding Services in Thailand (William Haines)Manufacturing of Mining and Construction Equipment (David Sit and Patrick Low)Manufacturing of Computer Servers (Yuhua Zhang)Wastewater Treatment Services (Arian Hassani and Andre Wirjo)Manufacturing of Automotive Components in the ASEAN Region (Denise Cheung)Manufacturing of Oil and Gas Industry Equipment in Singapore (Andre Wirjo and Gloria O Pasadilla)Car Manufacturing in the Philippines (Sherry Stephenson)Manufacturing of Thermal Power Generation Equipment (Gloria O Pasadilla)Production of Precision Die and Machine Parts in Thailand (Denise Cheung and Andre Wirjo)Manufacturing of Refrigerators (David Sit)Watch Manufacturing (Deborah Elms)Manufacturing of Automotive Components in Mexico: Perspectives from Three Firms (Andre Wirjo, Gloria O Pasadilla and Joel G Bassig)Manufacturing of Telecommunications Equipment (Huani Zhu and Gloria O Pasadilla)Manufacturing of Printed Circuit Boards in Canada (Ben Shepherd)Wine Industry in Chile (Karina Fernandez-Stark and Penny Bamber)Integrated Logistics Solutions Provider in Mexico (Andre Wirjo and Gloria O Pasadilla)Remanufacturing Services in the Construction Machinery Value Chain (Katherine Tait and Gary Gereffi)Manufacturing of Consumer Electronic Appliances in Indonesia (Emmanuel A San Andres)Fresh Cherry Industry in Chile (Penny Bamber and Karina Fernandez-Stark) Readership: Researchers, students and academics who are interested in international trade; trade economists; policymakers and general public who are interested in manufacturing related topics.

An Investment Perspective on Global Value Chains

Christine Zhenwei Qiang,Yan Liu,Victor Steenbergen
An Investment Perspective on Global Value Chains Book PDF

Author : Christine Zhenwei Qiang,Yan Liu,Victor Steenbergen
Publisher : World Bank Publications
Page : 373 pages
File Size : 50,8 Mb
Release : 2021-06-15
Category : Business & Economics
ISBN : 9781464816840

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An Investment Perspective on Global Value Chains by Christine Zhenwei Qiang,Yan Liu,Victor Steenbergen Pdf

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 and Productivity: Micro Evidence from Estonia

Hang T. Banh,Mr.Philippe Wingender,Cheikh A. Gueye
Global Value Chains and Productivity Micro Evidence from Estonia Book PDF

Author : Hang T. Banh,Mr.Philippe Wingender,Cheikh A. Gueye
Publisher : International Monetary Fund
Page : 41 pages
File Size : 40,7 Mb
Release : 2020-07-03
Category : Business & Economics
ISBN : 9781513542300

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Global Value Chains and Productivity: Micro Evidence from Estonia by Hang T. Banh,Mr.Philippe Wingender,Cheikh A. Gueye Pdf

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.

Reaping the Benefits from Global Value Chains

Mr.Kevin C. Cheng,Sidra Rehman,MissDulani Seneviratne,Shiny Zhang
Reaping the Benefits from Global Value Chains Book PDF

Author : Mr.Kevin C. Cheng,Sidra Rehman,MissDulani Seneviratne,Shiny Zhang
Publisher : International Monetary Fund
Page : 24 pages
File Size : 48,6 Mb
Release : 2015-09-28
Category : Business & Economics
ISBN : 9781513516738

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Reaping the Benefits from Global Value Chains by Mr.Kevin C. Cheng,Sidra Rehman,MissDulani Seneviratne,Shiny Zhang Pdf

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.

Global Value Chains in a Postcrisis World

Olivier Cattaneo,Gary Gereffi,Cornelia Staritz
Global Value Chains in a Postcrisis World Book PDF

Author : Olivier Cattaneo,Gary Gereffi,Cornelia Staritz
Publisher : World Bank Publications
Page : 420 pages
File Size : 45,7 Mb
Release : 2010
Category : Business & Economics
ISBN : 9780821384992

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Global Value Chains in a Postcrisis World by Olivier Cattaneo,Gary Gereffi,Cornelia Staritz Pdf

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?

Global Value Chains

Meine Pieter van Dijk,Jacques Trienekens
Global Value Chains Book PDF

Author : Meine Pieter van Dijk,Jacques Trienekens
Publisher : Amsterdam University Press
Page : 281 pages
File Size : 48,9 Mb
Release : 2012
Category : Business & Economics
ISBN : 9789089643605

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Global Value Chains by Meine Pieter van Dijk,Jacques Trienekens Pdf

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.

Handbook on Global Value Chains

Stefano Ponte
Handbook on Global Value Chains Book PDF

Author : Stefano Ponte
Publisher : Edward Elgar Publishing
Page : 640 pages
File Size : 44,9 Mb
Release : 2019
Category : Business & Economics
ISBN : 9781788113779

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Handbook on Global Value Chains by Stefano Ponte Pdf

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}

World Development Report 1978

Anonim
World Development Report 1978 Book PDF

Author : Anonim
Publisher : World Bank Publications
Page : 135 pages
File Size : 47,7 Mb
Release : 1978
Category : Adaptation (Biology)
ISBN : 9780821372821

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World Development Report 1978 by Anonim Pdf

This first report deals with some of the major development issues confronting the developing countries and explores the relationship of the major trends in the international economy to them. It is designed to help clarify some of the linkages between the international economy and domestic strategies in the developing countries against the background of growing interdependence and increasing complexity in the world economy. It assesses the prospects for progress in accelerating growth and alleviating poverty, and identifies some of the major policy issues which will affect these prospects.