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Global Value Chains in a Postcrisis World : A Development Perspective

The world is in the midst of a sporadic and painful recovery from the most severe economic crisis since the 1930s Great Depression. The unprecedented scale of the crisis and the speed of its transmission have revealed the interdependence of the gl...

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Autores principales: Cattaneo, Olivier, Gereffi, Gary, Staritz, Cornelia
Formato: En linea
Idioma:inglés
Publicado: World Bank 2012
Acceso en línea:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000350881_20101005120518
https://hdl.handle.net/10986/2509
https://doi.org/10.1596/978-0-8213-8499-2
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author Cattaneo, Olivier
Gereffi, Gary
Staritz, Cornelia
author_facet Cattaneo, Olivier
Gereffi, Gary
Staritz, Cornelia
author_sort Cattaneo, Olivier
collection Colección Libros - Series (activas)
description The world is in the midst of a sporadic and painful recovery from the most severe economic crisis since the 1930s Great Depression. The unprecedented scale of the crisis and the speed of its transmission have revealed the interdependence of the global economy and the increasing reliance by businesses on global value chains (GVCs). These chains represent the process of ever-finer specialization and geographic fragmentation of production, with the more labor-intensive portions transferred to developing countries. As the recovery unfolds, it is time to take stock of the aftereffects and to draw lessons for the future. Have we experienced the first global crisis of the 21st century or a more structural crisis of globalization? Will global trade, demand, and production look the same as before, or have fundamental changes occurred? How have lead firms responded to the crisis? Have they changed their supply chain strategies? Who are the winners and losers of the crisis? Where are the engines of recovery? After reviewing the mechanisms underpinning the transmission of economic shocks in a world economy where trade and GVCs play increasing roles, the book assesses the impact of the crisis on global trade, production, and demand in a variety of sectors, including apparel, automobiles, electronics, commodities, and off-shore services. The book offers insights on the challenges and opportunities for developing countries, with a particular focus on entry and upgrading possibilities in GVCs postcrisis. Business strategies and related changes in GVCs are also examined, and the book offers concrete policy recommendations and suggests a number of interventions that would allow developing countries to better harness the benefits of the recovery.
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spelling wb-10986-25092025-04-16T04:42:40Z Global Value Chains in a Postcrisis World : A Development Perspective Cattaneo, Olivier Gereffi, Gary Staritz, Cornelia The world is in the midst of a sporadic and painful recovery from the most severe economic crisis since the 1930s Great Depression. The unprecedented scale of the crisis and the speed of its transmission have revealed the interdependence of the global economy and the increasing reliance by businesses on global value chains (GVCs). These chains represent the process of ever-finer specialization and geographic fragmentation of production, with the more labor-intensive portions transferred to developing countries. As the recovery unfolds, it is time to take stock of the aftereffects and to draw lessons for the future. Have we experienced the first global crisis of the 21st century or a more structural crisis of globalization? Will global trade, demand, and production look the same as before, or have fundamental changes occurred? How have lead firms responded to the crisis? Have they changed their supply chain strategies? Who are the winners and losers of the crisis? Where are the engines of recovery? After reviewing the mechanisms underpinning the transmission of economic shocks in a world economy where trade and GVCs play increasing roles, the book assesses the impact of the crisis on global trade, production, and demand in a variety of sectors, including apparel, automobiles, electronics, commodities, and off-shore services. The book offers insights on the challenges and opportunities for developing countries, with a particular focus on entry and upgrading possibilities in GVCs postcrisis. Business strategies and related changes in GVCs are also examined, and the book offers concrete policy recommendations and suggests a number of interventions that would allow developing countries to better harness the benefits of the recovery. 2012-03-19T09:35:19Z 2012-03-19T09:35:19Z 2010 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000350881_20101005120518 978-0-8213-8499-2 https://hdl.handle.net/10986/2509 https://doi.org/10.1596/978-0-8213-8499-2 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf text/plain World Bank
spellingShingle Cattaneo, Olivier
Gereffi, Gary
Staritz, Cornelia
Global Value Chains in a Postcrisis World : A Development Perspective
title Global Value Chains in a Postcrisis World : A Development Perspective
title_full Global Value Chains in a Postcrisis World : A Development Perspective
title_fullStr Global Value Chains in a Postcrisis World : A Development Perspective
title_full_unstemmed Global Value Chains in a Postcrisis World : A Development Perspective
title_short Global Value Chains in a Postcrisis World : A Development Perspective
title_sort global value chains in a postcrisis world a development perspective
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000350881_20101005120518
https://hdl.handle.net/10986/2509
https://doi.org/10.1596/978-0-8213-8499-2
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