Book

An Investment Perspective on Global Value Chains

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collection.link.129
https://openknowledge.worldbank.org/handle/10986/5993
collection.name.129
Stand alone books
dc.contributor.author
Qiang, Christine Zhenwei
dc.contributor.author
Liu, Yan
dc.contributor.author
Steenbergen, Victor
dc.contributor.other
Heher, Ulla
dc.contributor.other
Paganini, Monica
dc.contributor.other
Eltgen, Maximilian Philip
dc.contributor.other
Chong, Yew Keat
dc.date.accessioned
2021-04-29T19:19:29Z
dc.date.available
2021-04-29T19:19:29Z
dc.date.issued
2021-05-13
dc.date.lastModified
2021-05-14T14:45:10Z
dc.description.abstract
This 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.identifier
https://documents.worldbank.org/en/publication/documents-reports/documentdetail/308861620996811293/an-investment-perspective-on-global-value-chains
dc.identifier.isbn
978-1-4648-1683-3
dc.identifier.uri
http://hdl.handle.net/10986/35526
dc.publisher
Washington, DC: World Bank
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
INVESTMENT CLIMATE
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
GLOBAL VALUE CHAIN
dc.subject
MULTI-NATIONAL CORPORATION
dc.subject
MULTINATIONAL ENTERPRISE
dc.subject
INVESTMENT POLICY
dc.subject
CORONAVIRUS
dc.subject
COVID-19
dc.subject
PANDEMIC IMPACT
dc.subject
ECONOMIC DISRUPTION
dc.title
An Investment Perspective on Global Value Chains
en
dc.type
Book
en
okr.date.disclosure
2021-05-13
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1683-3
okr.identifier.report
159036
okr.language.supported
en
okr.region.country
China
okr.region.country
Honduras
okr.region.country
Kenya
okr.region.country
Malaysia
okr.region.country
Mauritius
okr.region.country
India
okr.topic
International Economics and Trade :: Foreign Direct Investment
okr.topic
International Economics and Trade :: Globalization and Financial Integration
okr.topic
Macroeconomics and Economic Growth :: Investment and Investment Climate
okr.topic
Private Sector Development :: Global Value Chains and Business Clustering
okr.unit
ETICI

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