Joining, Upgrading and Being Competitive in Global Value Chains: A Strategic Framework
In recent years, global value chains have played an increasing role in business strategies, profoundly affecting international trade and development paradigms. Global value chains now represent a major source of socio-upgrading opportunities and a...
Main Authors: | , , , |
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Format: | Policy Research Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, D.C.
2013
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2013/04/17558147/joining-upgrading-being-competitive-global-value-chains-strategic-framework http://hdl.handle.net/10986/14444 |
Summary: | In recent years, global value chains
have played an increasing role in business strategies,
profoundly affecting international trade and development
paradigms. Global value chains now represent a major source
of socio-upgrading opportunities and a new path for
development. Trade, competitiveness and development policies
should be reshaped accordingly to seize these opportunities
and avoid the risks associated with greater participation in
global value chains. This paper provides a framework and
analytical tools for measuring and improving a
country's performance with respect to participation in
global value chains. With a clear operational focus, it
provides guidance for countries willing to join, maintain
participation, and/or move up global value chains. With the
ultimate objective to increase the value (the development
content) for trade, it also offers strategies to maximize
the benefits and minimize the risks of developing
countries' participation in global value chains. |
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