Reaping the Benefits from Global Value Chains
Electronic Access:
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Summary:
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.
Series:
Working Paper No. 2015/204
Subject:
Economic sectors Exports Global value chains Globalization Human capital International trade Labor Manufacturing Tariffs Taxes
English
Publication Date:
September 28, 2015
ISBN/ISSN:
9781513516738/1018-5941
Stock No:
WPIEA2015204
Pages:
24
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