The Role of Standards in Global Value Chains
Standards have become an increasingly important dimension in global trade. Without the capacity to meet the growing body of standards, producers may either have difficulty in entering global markets, or be relegated to unprofitable and low-margin n...
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100804134640 http://hdl.handle.net/10986/3880 |
| Summary: | Standards have become an increasingly
important dimension in global trade. Without the capacity to
meet the growing body of standards, producers may either
have difficulty in entering global markets, or be relegated
to unprofitable and low-margin niches. This paper overviews
the history of standards, explains the difference between
different types of standards, and identifies the key
stakeholders involved in the setting of standards. It then
addresses the role that standards play in enterprise
upgrading and considers some of the major costs for
producers in meeting standards, including potential cost
barriers for small-scale producers. Before concluding with a
discussion of the policy challenges raised by these
developments, it discusses the extent to which standards
intensity in global value chains will be affected when the
final markets increasingly move from high-income consumers
in the North to lower-income consumers in Southern economies
such as China and India. |
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