Global Value Chains in a Postcrisis World : A Development Perspective
The world is in the midst of a sporadic and painful recovery from the most severe economic crisis since the 1930s Great Depression. The unprecedented scale of the crisis and the speed of its transmission have revealed the interdependence of the gl...
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World Bank
2012
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okr-10986-25092021-04-23T14:02:02Z Global Value Chains in a Postcrisis World : A Development Perspective Cattaneo, Olivier Gereffi, Gary Staritz, Cornelia The world is in the midst of a sporadic and painful recovery from the most severe economic crisis since the 1930s Great Depression. The unprecedented scale of the crisis and the speed of its transmission have revealed the interdependence of the global economy and the increasing reliance by businesses on global value chains (GVCs). These chains represent the process of ever-finer specialization and geographic fragmentation of production, with the more labor-intensive portions transferred to developing countries. As the recovery unfolds, it is time to take stock of the aftereffects and to draw lessons for the future. Have we experienced the first global crisis of the 21st century or a more structural crisis of globalization? Will global trade, demand, and production look the same as before, or have fundamental changes occurred? How have lead firms responded to the crisis? Have they changed their supply chain strategies? Who are the winners and losers of the crisis? Where are the engines of recovery? After reviewing the mechanisms underpinning the transmission of economic shocks in a world economy where trade and GVCs play increasing roles, the book assesses the impact of the crisis on global trade, production, and demand in a variety of sectors, including apparel, automobiles, electronics, commodities, and off-shore services. The book offers insights on the challenges and opportunities for developing countries, with a particular focus on entry and upgrading possibilities in GVCs postcrisis. Business strategies and related changes in GVCs are also examined, and the book offers concrete policy recommendations and suggests a number of interventions that would allow developing countries to better harness the benefits of the recovery. 2012-03-19T09:35:19Z 2012-03-19T09:35:19Z 2010 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000350881_20101005120518 978-0-8213-8499-2 http://hdl.handle.net/10986/2509 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| description |
The world is in the midst of a sporadic
and painful recovery from the most severe economic crisis
since the 1930s Great Depression. The unprecedented scale
of the crisis and the speed of its transmission have
revealed the interdependence of the global economy and the
increasing reliance by businesses on global value chains
(GVCs). These chains represent the process of ever-finer
specialization and geographic fragmentation of production,
with the more labor-intensive portions transferred to
developing countries. As the recovery unfolds, it is time to
take stock of the aftereffects and to draw lessons for the
future. Have we experienced the first global crisis of the
21st century or a more structural crisis of globalization?
Will global trade, demand, and production look the same as
before, or have fundamental changes occurred? How have lead
firms responded to the crisis? Have they changed their
supply chain strategies? Who are the winners and losers of
the crisis? Where are the engines of recovery? After
reviewing the mechanisms underpinning the transmission of
economic shocks in a world economy where trade and GVCs play
increasing roles, the book assesses the impact of the crisis
on global trade, production, and demand in a variety of
sectors, including apparel, automobiles, electronics,
commodities, and off-shore services. The book offers
insights on the challenges and opportunities for developing
countries, with a particular focus on entry and upgrading
possibilities in GVCs postcrisis. Business strategies and
related changes in GVCs are also examined, and the book
offers concrete policy recommendations and suggests a number
of interventions that would allow developing countries to
better harness the benefits of the recovery. |
| format |
Publications & Research :: Publication |
| author |
Cattaneo, Olivier Gereffi, Gary Staritz, Cornelia |
| spellingShingle |
Cattaneo, Olivier Gereffi, Gary Staritz, Cornelia Global Value Chains in a Postcrisis World : A Development Perspective |
| author_facet |
Cattaneo, Olivier Gereffi, Gary Staritz, Cornelia |
| author_sort |
Cattaneo, Olivier |
| title |
Global Value Chains in a Postcrisis
World : A Development Perspective |
| title_short |
Global Value Chains in a Postcrisis
World : A Development Perspective |
| title_full |
Global Value Chains in a Postcrisis
World : A Development Perspective |
| title_fullStr |
Global Value Chains in a Postcrisis
World : A Development Perspective |
| title_full_unstemmed |
Global Value Chains in a Postcrisis
World : A Development Perspective |
| title_sort |
global value chains in a postcrisis
world : a development perspective |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000350881_20101005120518 http://hdl.handle.net/10986/2509 |
| _version_ |
1764385569620623360 |