Reaping the Benefits from Global Value Chains

By Kevin C Cheng, Sidra Rehman, Dulani Seneviratne, Shiny Zhang

September 28, 2015

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Format: Chicago

Kevin C Cheng, Sidra Rehman, Dulani Seneviratne, and Shiny Zhang. Reaping the Benefits from Global Value Chains, (USA: International Monetary Fund, 2015) accessed December 3, 2024

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.

Subject: Economic sectors, Exports, Global value chains, Globalization, Human capital, International trade, Labor, Manufacturing, Tariffs, Taxes

Keywords: Asia and Pacific, Economic Complexity, Exports, Global, Global Value Chains, Growth, GVC, GVC participation, GVC pie, High-tech manufacturing, Human capital, Industry Fe, Low-tech manufacturing, Manufacturing, Participation indices, Tariffs, Trade barrier, WP

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2015/204
Stock No:

WPIEA2015204
ISBN:

9781513516738
ISSN:

1018-5941

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