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Reaping the Benefits from Global Value Chains
Author:
Mr. Kevin C Cheng
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,
Sidra Rehman
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, and
Shiny Zhangnull

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Series:
IMF Working Papers
Volume/Issue:
Volume 2015: Issue 204
Language:
English
Publication Date:
28 Sep 2015
DOI:
https://doi.org/10.5089/9781513516738.001
ISBN:
9781513516738
ISSN:
1018-5941
Pages:
24
Keywords:
WP; trade barrier; Global Value Chains; GVC; Economic Complexity; Growth; GVC participation; high-tech manufacturing; low-tech manufacturing; GVC pie; participation indices; industry Fe; Manufacturing; Tariffs; Exports; Human capital; Asia and Pacific; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2015: Issue 204