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Reaping the Benefits from Global Value Chains

Author

Listed:
  • Mr. Kevin C Cheng
  • Sidra Rehman
  • Dulani Seneviratne
  • Shiny Zhang

Abstract

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.

Suggested Citation

  • Mr. Kevin C Cheng & Sidra Rehman & Dulani Seneviratne & Shiny Zhang, 2015. "Reaping the Benefits from Global Value Chains," IMF Working Papers 2015/204, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2015/204
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    References listed on IDEAS

    as
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