Risks and Opportunities of Participation in Global Value Chains

This is a background paper to the 2014 World Development Report. Risk is inherent to the pursuit of opportunity. This paper surveys the recent literature and looks at the risks and opportunities firms and their workers face in the global value chai...

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Bibliographic Details
Main Authors:	Gereffi, Gary, Luo, Xubei
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO FINANCE ACCESS TO FINANCING AGRICULTURE BANKRUPTCY BARGAINING BONDS BRANDS CAPITAL ACCUMULATION CAPITAL MARKETS CAPITAL RETURNS CHILD LABOR COMPETITIVENESS CONSUMER GROUPS CONSUMERS CONTRACTUAL ARRANGEMENTS CORPORATE CAPITAL COUNTRY CREDIT CREDIT CONSTRAINTS CREDIT CRUNCHES DEBT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DISCRIMINATION DISMISSAL DISPOSABLE INCOME DIVISION OF LABOR DOMESTIC MARKET DOMESTIC MARKETS DOWNSIDE RISKS DRIVERS EARNINGS ECONOMIC ACTIVITIES ECONOMIC ANALYSIS ECONOMIC CRISES ECONOMIC CRISIS ECONOMIC IMPLICATIONS ECONOMIC OPPORTUNITY ECONOMIC RECOVERY ECONOMIC RISKS EMERGING ECONOMIES EMERGING MARKETS EMPLOYEE EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENTERPRISE PERFORMANCE ENTREPRENEURS ENTRY BARRIERS EQUIPMENT EQUITY FINANCE EXPECTED RETURNS EXPLOITATION EXPORT MARKETS EXPORTERS EXPORTS EXTERNALITIES FAIR FAIR TRADE FAMILIES FARMERS FINANCIAL CRISIS FINANCIAL SECTOR FINISHED PRODUCT FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GDP GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GLOBALIZATION GOVERNMENT LEGISLATION GOVERNMENT POLICIES GOVERNMENT POLICY GROUP LENDING HOST COUNTRIES HOST COUNTRY HOUSEHOLD SAVING HOUSEHOLDS HUMAN CAPITAL HUMAN RIGHTS INCOME INCOME LEVELS INDUSTRIALIZATION INEQUALITIES INEQUALITY INFORMATION ASYMMETRY INNOVATION INNOVATIONS INSURANCE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVENTORY INVESTING INVESTMENT FLOWS INVESTMENT PORTFOLIO JOB OPPORTUNITIES LABOR FORCE LABOR ORGANIZATION LABOR PRODUCTIVITY LABOR STANDARDS LABOUR LAYOFFS LIMITED LIABILITY LIQUIDITY LIQUIDITY CRISIS LIVING STANDARDS MACROECONOMIC VOLATILITY MARKET DIVERSIFICATION MARKET SHARES MARKETING MIGRANT WORKERS MINIMUM WAGES MULTINATIONAL MULTINATIONALS NATIONAL ECONOMIES NATURAL DISASTERS NEGATIVE EXTERNALITIES NUTRITION OUTPUTS PENSION PERSONAL COMPUTERS PERSONAL INCOME POLITICAL ECONOMY PORTFOLIO PRIVATE SAVING PRIVATE SAVINGS PRODUCTION PROCESS PRODUCTIVITY PURCHASING PURCHASING POWER RECESSION REMITTANCES RESOURCE ALLOCATION RISK AVERSION RISK MANAGEMENT RISK SHARING SAFETY SAFETY NETS SALES SAVINGS SAVINGS RATE SAVINGS RATES SKILLED LABOR SKILLED WORKERS SMALL FARMERS SMALLHOLDERS SOCIAL INCLUSION SPREAD STOCK MARKET SUPPLIER SUPPLIERS SUPPLY CHAIN SUPPLY CHAIN MANAGEMENT SUPPLY CHAINS TRADE FAIRS TRADE UNIONS TRADING TRANSACTION TRANSACTION COSTS UNION UNSKILLED WORKERS VALUE ADDED VULNERABLE GROUPS WAGES WORKING CONDITIONS
Online Access:	http://documents.worldbank.org/curated/en/2014/04/19447117/risks-opportunities-participation-global-value-chains-risks-opportunities-participation-global-value-chains http://hdl.handle.net/10986/18333

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Summary:	This is a background paper to the 2014 World Development Report. Risk is inherent to the pursuit of opportunity. This paper surveys the recent literature and looks at the risks and opportunities firms and their workers face in the global value chains. First, it examines the risk-sharing mechanisms that firms provide from the national and global perspectives; second, it takes a closer look at the new opportunities and challenges for firms and individuals in the global arena; third, it discusses the role of economic upgrading and social upgrading; and finally it sheds light on how the government can help people manage risks and reap the benefits in the participation of global value chains.

Risks and Opportunities of Participation in Global Value Chains

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