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Conceptual Aspects of Global Value Chains

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  • Antras,Pol

Abstract

The paper offers an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). It outlines a series of alternative interpretations and definitions of what the rise of GVCs entails, and it traces the implications of these alternative conceptualizations for the measurement of the phenomenon, as well as for elucidating the key determinants and implications of GVC participation, both at the country level and at the firm level. In the process, the paper offers some speculative thoughts about the future of GVCs in light of the advent of an array of new technologies.

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  • Antras,Pol, 2020. "Conceptual Aspects of Global Value Chains," Policy Research Working Paper Series 9114, The World Bank.
    • Handle: RePEc:wbk:wbrwps:9114
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    2. Stojčić, Nebojša & Matić, Matija, 2024. "A journey toward global value chain upgrading: Exploring the transition from backward to forward integration," Technology in Society, Elsevier, vol. 76(C).
    3. Rym Ayadi & Giorgia Giovannetti & Enrico Marvasi & Giulio Vannelli & Chahir Zaki, 2022. "Demand and supply exposure through global value chains: Euro‐Mediterranean countries during COVID," The World Economy, Wiley Blackwell, vol. 45(3), pages 637-656, March.
    4. Andrea González & Juan Carlos Hallak, 2022. "Relational links for insertion in non‐mass global value chains: Opportunities for middle‐income countries," Review of International Economics, Wiley Blackwell, vol. 30(2), pages 653-672, May.
    5. Rawan Elshaarawy & Riham A. Ezzat, 2023. "Global value chains, financial constraints, and innovation," Small Business Economics, Springer, vol. 61(1), pages 223-257, June.
    6. Della Posta, Pompeo, 2023. "The European Union in the age of slowbalisation," Journal of Policy Modeling, Elsevier, vol. 45(4), pages 833-847.
    7. Sara Amoroso & Dario Diodato & Bronwyn H. Hall & Pietro Moncada-Paternò-Castello, 2023. "Technological relatedness and industrial transformation:," The Journal of Technology Transfer, Springer, vol. 48(2), pages 469-475, April.
    8. Saon Ray & Vasundhara Thakur, 2024. "Regional value chains: Opportunities for India and ASEAN?," Indian Council for Research on International Economic Relations (ICRIER) Working Paper 420, Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India.
    9. Basudeb Guha-Khasnobis & Anwesha Aditya & Suvir Chandna, 2023. "Employment and global value chain participation: the Indian experience," International Journal of Economic Policy Studies, Springer, vol. 17(1), pages 75-94, February.
    10. Aleksandra Nacewska-Twardowska, 2021. "Central and Eastern Europe Countries in the New International Trade Environment at the Beginning of the 21st Century: Global Value Chains and COVID-19," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 547-560.
    11. Vanessa Alvariez & Michele Fioretti & Ayumu Ken Kikkawa & Monica Morlacco, 2022. "Two-Sided Market Power in Firm-to-Firm Trade," SciencePo Working papers Main hal-03795736, HAL.
    12. Zarlasht Razeq, . "Deep trade integration and North-South participation in global value chains," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
    13. Jiajie Yu & Shuang Meng, 2023. "How Does Trade Openness Affect Output Growth? A Perspective from the Input Diversity," Sustainability, MDPI, vol. 15(11), pages 1-21, June.
    14. Abdulkareem Alhassan & Joshua Dzankar Zoaka & Salim Hamza Ringim, 2021. "Africa as headwaiter at the dining table of global value chains: Do institutions matter for her participation?," African Development Review, African Development Bank, vol. 33(3), pages 560-576, September.
    15. Reiner, Christian & Grumiller, Jan & Grohs, Hannes, 2022. "Lieferengpässe in Österreich? Globale Warenketten von Medizinprodukten während der COVID-19 Pandemie," Working Papers 69, Austrian Foundation for Development Research (ÖFSE).
    16. Nacewska-Twardowska Aleksandra, 2022. "Poland and global value chains at the beginning of the 21st century – An opportunity or a threat?," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 58(1), pages 33-43, March.
    17. Clò, Stefano & Marvasi, Enrico & Ricchiuti, Giorgio, 2023. "State-owned Enterprises in the global market: Varieties of government control and internationalization strategies," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 25-40.
    18. Jaime de Melo & Jean-Marc Solleder, 2022. "Patterns and Correlates of Supply Chain Trade in MENA and SSA," Working Papers hal-03649085, HAL.
    19. Simola, Heli, 2021. "The impact of Covid-19 on global value chains," BOFIT Policy Briefs 2/2021, Bank of Finland Institute for Emerging Economies (BOFIT).

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    More about this item

    Keywords

    International Trade and Trade Rules; Common Carriers Industry; Food&Beverage Industry; Pulp&Paper Industry; General Manufacturing; Construction Industry; Business Cycles and Stabilization Policies; Plastics&Rubber Industry; Textiles; Apparel&Leather Industry; Industrial and Consumer Services and Products; Transport and Trade Logistics; Trade and Services;
    All these keywords.

    JEL classification:

    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • F1 - International Economics - - Trade
    • F2 - International Economics - - International Factor Movements and International Business
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F6 - International Economics - - Economic Impacts of Globalization

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