Global Value Chains in a Postcrisis World : A Development Perspective

Olivier Cattaneo

ISBN 10: 0821384996 / ISBN 13: 9780821384992

Edité par World Bank Publications Sep 2010, 2010

A propos de cet article

Neuware - The world is in the midst of a sporadic and painful recovery from the most severe economic crisis since the 1930s' Great Depression. The unprecedented scale of the crisis and the speed of its transmission have revealed the interdependence of the global economy and the increasing reliance by businesses on global value chains (GVCs). These chains represent the process of ever-finer specialization and geographic fragmentation of production, with the more labour-intensive portions transferred to developing countries. As the recovery unfolds, it is time to take stock of the aftereffects and to draw lessons for the future. Have we experienced the first global crisis of the 21st century or a more structural crisis of globalisation Will global trade, demand, and production look the same as before, or have fundamental changes occurred How have lead firms responded to the crisis Have they changed their supply chain strategies Who are the winners and losers of the crisis Where are the engines of recovery Global Value Chains in a Posticrisis World: A Development Perspective attempts to answer these questions by analysing business reactions to the crisis through the lens of GVCs. After reviewing the mechanisms underpinning the transmission of economic shocks in a world economy where trade and GVCs play increasing roles, the book assesses the impact of the crisis on global trade, production, and demand in a variety of sectors, including apparel, automobiles, electronics, commodities, and off-shore services. The book offers insights on the challenges and opportunities for developing countries, with a particular focus on entry and upgrading possibilities in GVCs post-crisis. Business strategies and related changes in GVCs are also examined, and the book offers concrete policy recommendations and suggests a number of interventions that would allow developing countries to better harness the benefits of the recovery. This volume is a useful tool for anyone interested in global trade, business, and development issues.

N° de réf. du vendeur 9780821384992

Détails bibliographiques

• Titre: Global Value Chains in a Postcrisis World : A Development Perspective
• Éditeur: World Bank Publications Sep 2010
• Date de parution: 2010
• Langue: anglais
• ISBN à 10 chiffres: 0821384996
• ISBN à 13 chiffres: 9780821384992
• Reliure: Taschenbuch
• État de l'article: Neu
• Dimensions: 235 L x 154 H x 35 P (en millimètres) 235 millimètres de largeur par 154 millimètres de hauteur par 35 millimètres de profondeur
• Poids: 576 grammes

A propos de ce titre

Synopsis

For the first time since World War II, global output will drop (-1.7%); per capita income will fall in more than 50 developing countries; net private capital flows will likely turn negative - a more than $700 billion drop from the 2007 peak; and trade is expected to decline by 6.1% in 2009 - the worst decline in 80 years. In response to this global downturn, a number of governments have passed stimulus packages and other measures that aim to preserve domestic industries and jobs, and sometimes discriminate against foreign producers (e.g. "buy local" laws). The most recent forecasts announce a re-bound of trade in 2010 (+3.8%) and 2011 (+6.9%), primarily driven by developing countries. All three elements (dropping demand on major markets, policy responses to the crisis, and developing countries-led recovery) potentially have significant implications for global production, trade, and value chains. How have lead firms responded? Have they changed their traditional supply chain strategy and relocated and/or outsourced part of their production? How will those changes affect developing countries? What should be the policy responses to these changes? How to best prepare developing countries for recovery and integration in the new global production chains?