Publication:
An Investment Perspective on Global Value Chains

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dc.contributor.authorQiang, Christine Zhenwei
dc.contributor.authorLiu, Yan
dc.contributor.authorSteenbergen, Victor
dc.contributor.otherHeher, Ulla
dc.contributor.otherPaganini, Monica
dc.contributor.otherEltgen, Maximilian Philip
dc.contributor.otherChong, Yew Keat
dc.date.accessioned2021-04-29T19:19:29Z
dc.date.available2021-04-29T19:19:29Z
dc.date.issued2021-05-13
dc.description.abstractThis book examines the role of foreign direct investment (FDI) in global value chains (GVCs). To stimulate economic transformation through GVCs, policy makers in developing countries need to better understand the business strategies of multinational corporations (MNCs), internationalization pathways for domestic firms, and how policies can create a favorable environment for both types of firms. Part I brings together the latest theories and empirical evidence to illustrate the mutually reinforcing relationship between FDI and GVC participation. It argues that MNCs have driven the phenomenal rise of GVCs in the past three decades as they have unbundled production processes and spread their networks on a global scale. Domestic firms benefit considerably from their participation in GVCs as they learn from MNCs through investment, partnerships, or trade. Part II includes six case studies examining the approaches of developing countries to leveraging FDI to stimulate and facilitate GVC participation and upgrading. The cases include Kenya (horticulture), Honduras (apparel), Malaysia (electronics), and Mauritius (tourism). Another case focuses on the digital economy for the Republic of Korea, India, and China. Each case study presents a different approach by which policy makers have leveraged FDI to stimulate and facilitate GVC participation and upgrading. A quantitative case study on Rwanda and West Bengal, India, uses firm- and transaction-level data to provide new insights into the dynamics between MNCs and domestic firms in selected value chains. The report also discusses the recent COVID-19 (coronavirus) pandemic and its potential impact on FDI and GVCs. The outbreak has triggered new questions about GVCs and accelerated precrisis global trends such as digitalization and economic nationalism. How MNCs and their supplier firms respond to the supply and demand shocks as well as policy uncertainties will play a critical role in crisis responses and recovery.en
dc.identifierhttps://documents.worldbank.org/en/publication/documents-reports/documentdetail/308861620996811293/an-investment-perspective-on-global-value-chains
dc.identifier.doi10.1596/978-1-4648-1683-3
dc.identifier.isbn978-1-4648-1683-3
dc.identifier.urihttps://hdl.handle.net/10986/35526
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINVESTMENT CLIMATE
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectGLOBAL VALUE CHAIN
dc.subjectMULTI-NATIONAL CORPORATION
dc.subjectMULTINATIONAL ENTERPRISE
dc.subjectINVESTMENT POLICY
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectECONOMIC DISRUPTION
dc.titleAn Investment Perspective on Global Value Chainsen
dc.typeBooken
dc.typeLivrefr
dc.typeLibroes
dspace.entity.typePublication
okr.date.disclosure2021-05-13
okr.doctypePublications & Research
okr.doctypePublications & Research::Publication
okr.guid534101621002802419
okr.guid308861620996811293
okr.guid442061621002318640
okr.identifier.doi10.1596/978-1-4648-1683-3
okr.identifier.report159036
okr.language.supporteden
okr.region.countryChina
okr.region.countryHonduras
okr.region.countryKenya
okr.region.countryMalaysia
okr.region.countryMauritius
okr.region.countryIndia
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.topicInternational Economics and Trade::Globalization and Financial Integration
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicPrivate Sector Development::Global Value Chains and Business Clustering
okr.unitETICI
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