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Global value chains and development

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  • John Ravenhill

Abstract

The adoption of the Global Value Chains framework by Multilateral Economic Institutions has led to the introduction of broader and more heterodox views of development into official discourses. When it comes to policy implications, however, the reports revert to an agenda that departs little from the Washington Consensus. Trade and investment liberalization are discussed in detail; 'complementary policies' required to promote upgrading receive scant mention. In particular, the reports neglect the role that institutions can play in overcoming coordination problems and how enhanced state capacity is required for enforcement of competition policies and for effective participation in trade negotiations.

Suggested Citation

  • John Ravenhill, 2014. "Global value chains and development," Review of International Political Economy, Taylor & Francis Journals, vol. 21(1), pages 264-274, February.
    • Handle: RePEc:taf:rripxx:v:21:y:2014:i:1:p:264-274
    DOI: 10.1080/09692290.2013.858366
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    References listed on IDEAS

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    1. Michael Hobday, 1995. "Innovation In East Asia," Books, Edward Elgar Publishing, number 226.
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    Cited by:

    1. Agnes Kügler & Andreas Reinstaller & Klaus S. Friesenbichler, 2023. "Can value chain integration explain the diverging economic performance within the EU?," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 50(1), pages 25-47, March.
    2. Anatoliy G. Goncharuk, 2016. "The Challenges of Efficiency and Security of International Food Value Chains," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(4), pages 241-249, November.
    3. Petr Pavlínek & Jan Ženka, 2016. "Value creation and value capture in the automotive industry: Empirical evidence from Czechia," Environment and Planning A, , vol. 48(5), pages 937-959, May.
    4. Jung-In Yeon & Jeong-Dong Lee & Chulwoo Baek, 2021. "A tale of two technological capabilities: economic growth revisited from a technological capability transition perspective," The Journal of Technology Transfer, Springer, vol. 46(3), pages 574-605, June.
    5. Upalat Korwatanasakul, 2023. "Thailand and the Middle-Income Trap: An Analysis from the Global Value Chain Perspective," PIER Discussion Papers 202, Puey Ungphakorn Institute for Economic Research.
    6. Gonzalez Laxe, Fernando & Armesto Pina, José Francisco & Sanchez-Fernandez, Patricio, 2022. "Implicaciones de la Economía Mundial en Galicia [Implications of the World Economy in Galicia]," MPRA Paper 113179, University Library of Munich, Germany.
    7. Kim P. Bryceson & Anne Ross, 2020. "Agrifood Chains as Complex Systems and the Role of Informality in Their Sustainability in Small Scale Societies," Sustainability, MDPI, vol. 12(16), pages 1-20, August.
    8. Pablo Pérez-Akaki & Nadia Viridiana Vega-Vera & Yuritzi Paola Enríquez-Caballero & Marisol Velázquez-Salazar, 2021. "Designation of Origin Distillates in Mexico: Value Chains and Territorial Development," Sustainability, MDPI, vol. 13(10), pages 1-25, May.
    9. Berger, Axel & Bruhn, Dominique & Bender, Andrea & Friesen, Julia & Kick, Katharina & Kullmann, Felix & Roßner, Robert & Weyrauch, Svenja, 2016. "Deep preferential trade agreements and upgrading in global value chains: the case of Vietnam," IDOS Studies, German Institute of Development and Sustainability (IDOS), volume 92, number 92, July.
    10. Thomas J. Bassett & Moussa Koné & Nathan R. Pavlovic, 2018. "Power Relations and Upgrading in the Cashew Value Chain of Côte d'Ivoire," Development and Change, International Institute of Social Studies, vol. 49(5), pages 1223-1247, September.
    11. Mariane Santos Françoso & Moritz Breul & Celio Hiratuka, 2019. "The spatial organization of oil and gas investments in South America: an analysis based on communities [A organização espacial dos investimentos em petróleo e gás na América do Sul: uma análise basead," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 29(3), pages 795-815, September.
    12. Martin Schröder, 2017. "Viet Nam's Automotive Supplier Industry: Development Prospects under Conditions for Free Trade and Global Production Networks," Working Papers DP-2017-05, Economic Research Institute for ASEAN and East Asia (ERIA).
    13. Flentø, Daniel & Ponte, Stefano, 2017. "Least-Developed Countries in a World of Global Value Chains: Are WTO Trade Negotiations Helping?," World Development, Elsevier, vol. 94(C), pages 366-374.
    14. Laurids S. Lauridsen, 2018. "New economic globalization, new industrial policy and late development in the 21st century: A critical analytical review," Development Policy Review, Overseas Development Institute, vol. 36(3), pages 329-346, May.
    15. Soo Yeon Kim & B. Peter Rosendorff, 2021. "Firms, states, and global production," Economics and Politics, Wiley Blackwell, vol. 33(3), pages 405-414, November.
    16. Sun, Yutao & Grimes, Seamus, 2016. "China’s increasing participation in ICT’s global value chain: A firm level analysis," Telecommunications Policy, Elsevier, vol. 40(2), pages 210-224.
    17. Garvan Whelan & Paul Hanly & Vincent O’Connell & Oldřich Ludwig Dittrich & Naser Abu Ghazalah, 2021. "Impact on Firm Liquidity Arising from Outsourcing Decisions as Evidenced by Off-Balance-Sheet Disclosures," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 27(1), pages 17-27, February.

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