SACU in Global Value Chains : Measuring GVC Integration, Position, and Performance of Botswana, Lesotho, Namibia, South Africa, and Swaziland
Once concentrated among a few large economies, global flows of goods, services, and capital now reach an ever larger number of economies worldwide. Global trade in goods and services increased 10 times between 1980 and 2011, while FDI flows increas...
| Main Authors: | , , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/01/25840860/sacu-global-value-chains-measuring-gvc-integration-position-performance-botswana-lesotho-namibia-south-africa-swaziland http://hdl.handle.net/10986/23789 |
| Summary: | Once concentrated among a few large
economies, global flows of goods, services, and capital now
reach an ever larger number of economies worldwide. Global
trade in goods and services increased 10 times between 1980
and 2011, while FDI flows increased almost 30-fold. The
sales from foreign-owned firms amount to $26 trillion. As
many as 3,000 bilateral investment treaties have been signed
to create the framework of deep agreements needed not only
to facilitate the global movement of final goods and
services but also to internationalize entire processes of
production. All these flows have grown over time, creating
increasingly dense and complex networks. This note is
intended provide an overview of SACU countries’
participation and performance in GVCs, drawing on several
data sources and indicators, and most importantly the
recently released 189-country Eora multi-region-input-output
(MRIO) database (Lenzen et al. 2012, 2013). Following this
introduction, the note is structured in five additional
sections. Section two discusses in greater detail the scope
of the report, including the data sources and methodological
approaches, as well as their respective limitations. Section
three looks at structural integration in trade, including
the degree to which SACU countries import and export
intermediates. Section four analyzes trends in value-added
exports as a first step in exploring GVC participation.
Section five hones in on the core measures of GVC
participation and a brief analysis of SACU countries’
position in GVCs. Finally, section six concludes by bringing
together the main findings from the analysis. |
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