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Risks and opportunities of participation in global value chains

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  • Gereffi, Gary
  • Luo, Xubei

Abstract

This is a background paper to the 2014 World Development Report. Risk is inherent to the pursuit of opportunity. This paper surveys the recent literature and looks at the risks and opportunities firms and their workers face in the global value chains. First, it examines the risk-sharing mechanisms that firms provide from the national and global perspectives; second, it takes a closer look at the new opportunities and challenges for firms and individuals in the global arena; third, it discusses the role of economic upgrading and social upgrading; and finally it sheds light on how the government can help people manage risks and reap the benefits in the participation of global value chains.

Suggested Citation

  • Gereffi, Gary & Luo, Xubei, 2014. "Risks and opportunities of participation in global value chains," Policy Research Working Paper Series 6847, The World Bank.
    • Handle: RePEc:wbk:wbrwps:6847
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    References listed on IDEAS

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    Cited by:

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    2. Valentine Fays & Benoît Mahy & François Rycx, 2023. "Wage differences according to workers' origin: The role of working more upstream in GVCs," LABOUR, CEIS, vol. 37(2), pages 319-342, June.
    3. Nataša Vrh, 2017. "The convergence in domestic value-added of exports in the EU," Post-Communist Economies, Taylor & Francis Journals, vol. 29(3), pages 405-430, July.
    4. Michael Rawling, 2015. "Legislative regulation of global value chains to protect workers: A preliminary assessment," The Economic and Labour Relations Review, , vol. 26(4), pages 660-677, December.
    5. Dai, Darong & Gao, Wenzheng & Tian, Guoqiang, 2020. "Relativity, mobility, and optimal nonlinear income taxation in an open economy," Journal of Economic Behavior & Organization, Elsevier, vol. 172(C), pages 57-82.
    6. Andrea Szalavetz, 2016. "Post‐crisis developments in global value chains - example of foreign investors’ Hungarian subsidiaries," IWE Working Papers 219, Institute for World Economics - Centre for Economic and Regional Studies.
    7. Altenburg, Tilman & Kleinz, Maria & Lütkenhorst, Wilfried, 2016. "Directing structural change: from tools to policy," IDOS Discussion Papers 24/2016, German Institute of Development and Sustainability (IDOS).
    8. Nuruzzaman, N. & Singh, Deeksha & Pattnaik, Chinmay, 2019. "Competing to be innovative: Foreign competition and imitative innovation of emerging economy firms," International Business Review, Elsevier, vol. 28(5), pages 1-1.
    9. Anh-Tuan Doan, 2024. "Economic Freedom, Ownership Structure, and SME Financial Fragility: Evidence from an Emerging Economy," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 31(4), pages 975-1006, December.

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