Linking into Global Value Chains Is Not Sufficient
Do You Export Domestic Value Added Contents?
- Rashmi Banga
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제29권 제2호
- 등재여부 : KCI등재
- 267 - 297 (31 pages)
This paper compares alternative ways of measuring participation of a country in Global Value Chains (GVCs) and estimates distribution of gains among countries in terms of countries` shares in total value-added created by trade under GVCs. Using the OECDWTO database on Trade in Value Added, this paper shows that 67% of total global value created under global value chains, accrue to OECD countries while share of NICs and BRICs countries is 25%. Only 8% of total value added is shared among all other developing countries and Least Developed Countries (LDCs). Linking into Global Value Chains is not enough for taking gains. Policy should be designed to raise forward linkages, that is, exporting domestic value-added contents. Trade-led growth is more complex than it seems.
Ⅱ. Global Value Chains and Value-Added Trade
Ⅲ. Gains from Global Value Chains
Ⅳ. Structure of Global Exports
Ⅴ. The Role of Services in Global Value Chains
Ⅵ. Global Value Chains Bypass Low-Tech Industries