Reaping the Benefits from Global Value Chains

Author/Editor:

Kevin C Cheng ; Sidra Rehman ; Dulani Seneviratne ; Shiny Zhang

Publication Date:

September 28, 2015

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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. 15/204

Subject:

English

Publication Date:

September 28, 2015

ISBN/ISSN:

9781513516738/1018-5941

Stock No:

WPIEA2015204

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

24

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