A Capability-Based Assessment of GVC Competitiveness for the SACU Region
The emergence of global value chains (GVCs) and their rapid expansion over the past two decades has transformed the global trade environment. GVCs involve task-based trade across multiple stages of the production process that take place across a nu...
| 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/2016/02/25858462/capability-based-assessment-gvc-competitiveness-sacu-region http://hdl.handle.net/10986/23819 |
| Summary: | The emergence of global value chains
(GVCs) and their rapid expansion over the past two decades
has transformed the global trade environment. GVCs involve
task-based trade across multiple stages of the production
process that take place across a number of different
countries, in which multiple inputs and exports of
intermediate goods and services are necessary to produce a
final good, which may also be exported. GVC-oriented trade
is seen to offer significant opportunities for developing
countries, especially smaller ones, to benefit from global
integration by changing the nature of competitiveness. With
competition for GVC investment taking place in a truly
global market, factor competitiveness relative to other
countries matters a lot. In this context, the purpose of
this note is to shed some light for policymakers, in this
case specifically in the Southern African Customs Union
(SACU) countries, on where to focus efforts to drive
competitiveness for GVC participation. This is a
data-intensive exercise that requires indicators to
represent underlying capabilities, disaggregated
international trade data, and finally, a classification of
which products are likely to be trade within GVCs. |
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