Page 22 - Global Value Chains News Today

The rapidly expanding global value chains of multinational corporations are increasingly dominating international trade, which emerging economies like India can hardly afford to ignore. The limited presence of Indian small and medium enterprises in the GVCs of MNCs can be traced back to a negligible share of internationalised SMEs, which is primarily due to a weak innovation

China Daily, August 15, 2020. Junfu Zhao is a PhD candidate in economics at the University of Utah. Zhao can be reached at junfu.zhao [at] utah.edu. The author thanks Rudiger von Arnim, Minqi Li, and Han Cheng for their helpful comments. Following the Donald Trump administration’s publication of its 2017 National Security Strategy and 2018 National Defense Strategy that designated China as a strategic competitor, the tensions between the United States and China have been heightened, encompa...

Victor Kummritz There is now widespread consensus that participation in global value chains (GVCs) can foster economic development in the Global South (World Bank 2019). Previous Vox columns have shown how, by entering GVCs, supplier firms in developing countries can economically upgrade by making better quality products, improving production processes, and capturing more value-added (Kummritz 2015, Gereffi and Luo 2014). Participation in GVCs can also facilitate knowledge and technology transf...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

RABAT: Morocco intends to more than double its per capita GDP to $16,000 by 2035, a committee set up by King Mohammed VI said in a report on Wednesday. The committee was set up in July 2019 with the aim of promoting development, reducing poverty and social inequality, Al Arabiya reported. It has made recommendations for improving agriculture, tourism, investment, renewable

From the St Louis Fed-- this post authored by Ana Maria Santacreu, Senior Economist; and Jesse LaBelle, Research Associate

Preparing the Malaysian private sector to compete at the highest level Image As it prepares for high-income nationhood, enhancing productivity and innovation has become key to Malaysia’s economic future With more than a year into the pandemic, there is still some good news: Malaysia’s goal of achieving high income nation status while delayed, can still be achieved. However, with rising debt burdens, the available fiscal space is scarce over the medium term, and the post-pandemic recovery wi...

Who: Convened by the African Union Commission Department of Economic Development, Trade, Industry and Mining, the meeting will bring together African Ministers of Finance, Economic Planning and Integration and Central Bank Governors. Other participants including among others, Regional Economic Communities, AU Organs and Specialized Agencies, development partners, civil societies and the private sector. Background The African Union Commission Specialised Technical Committees (STC) on Finance, Mo...

A first-of-its-kind collaborative funding initiative, The Resilience Fund for Women in Global Value Chains, has launched, bringing together corporate investors, foundations,...

Foreign direct investment can help global value chain integration Photo: Nyani Quarmyne (Panos)/ IFC Global Value Chains (GVCs) have boosted productivity growth and structural transformation in many developing countries, by allowing them to specialize in certain activities and stages of production rather than waiting for entire industries to develop. GVCs encompass a myriad of firm-to-firm relationships through investment, trade, people, technology, and information flows. GVCs benefit from po...