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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, encompassing trade disputes, China’s economic regime and territorial sovereignty, conflicts over geopolit...
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 transfers from lead-firms in the global North to suppliers in the global South, who can in turn benefit fr...
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