From Evidence to Policy Supporting Nepal’s Trade Integration Strategy : Nepal Integration into Value Chains

The rise of global value chains (GVCs) is one of the most important transformation in global trade and investment occurred in the last decades. Once concentrated among a few large economies, global flows of goods, services, and capital now reach an...

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Main Author:	Arenas, Guillermo
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	globalization value chains trade integration
Online Access:	http://documents.worldbank.org/curated/en/2016/07/26564244/evidence-policy-supporting-nepal’s-trade-integration-strategy-policy-note-2-nepal-integration-value-chains-stylized-facts-policy-options http://hdl.handle.net/10986/24935

id	okr-10986-24935
recordtype	oai_dc
spelling	okr-10986-249352021-05-25T08:50:36Z From Evidence to Policy Supporting Nepal’s Trade Integration Strategy : Nepal Integration into Value Chains Arenas, Guillermo globalization value chains trade integration The rise of global value chains (GVCs) is one of the most important transformation in global trade and investment occurred in the last decades. Once concentrated among a few large economies, global flows of goods, services, and capital now reach an ever larger number of economies worldwide. Falling transport costs due to important innovations such as containerization, lower trade costs achieved both through a general reduction in tariffs worldwide and by the proliferation of trade and investment agreements, the Information and Communication Technologies (ICT) revolution, and trends in global business to outsource, non-core business functions paired with a drive towards cutting costs on goods produced for export, have led to, second unbundling of globalization in the 1990s and 2000s (Baldwin and Lopez-Gonzalez 2015). Nepal’s National Trade Integration Strategy 2015 (NTIS 2015) was developed with the objective of enhancing the contribution of the trade sector to growth and to overcome the constraints and challenges associated with trade development and export promotion. This note explores some stylized facts about Nepal’s integration in GVCs and identifies policy recommendations in cross-cutting areas that relate to most of the export sectors prioritized by the NTIS 2015. These recommendations are not meant to be specific to individual value chains or products and are based on the challenges identified through data analysis and interviews with firms in key export sectors and based on good practices observed elsewhere. The report is structured in three sections beside the introduction. The second section presents five stylized facts about Nepal’s exports that are related to GVC participation. The third section proposes some policy recommendations to address the issues highlighted in the analysis. The last section concludes. 2016-08-25T16:15:41Z 2016-08-25T16:15:41Z 2016-06-01 Report http://documents.worldbank.org/curated/en/2016/07/26564244/evidence-policy-supporting-nepal’s-trade-integration-strategy-policy-note-2-nepal-integration-value-chains-stylized-facts-policy-options http://hdl.handle.net/10986/24935 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work South Asia Nepal
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	globalization value chains trade integration
spellingShingle	globalization value chains trade integration Arenas, Guillermo From Evidence to Policy Supporting Nepal’s Trade Integration Strategy : Nepal Integration into Value Chains
geographic_facet	South Asia Nepal
description	The rise of global value chains (GVCs) is one of the most important transformation in global trade and investment occurred in the last decades. Once concentrated among a few large economies, global flows of goods, services, and capital now reach an ever larger number of economies worldwide. Falling transport costs due to important innovations such as containerization, lower trade costs achieved both through a general reduction in tariffs worldwide and by the proliferation of trade and investment agreements, the Information and Communication Technologies (ICT) revolution, and trends in global business to outsource, non-core business functions paired with a drive towards cutting costs on goods produced for export, have led to, second unbundling of globalization in the 1990s and 2000s (Baldwin and Lopez-Gonzalez 2015). Nepal’s National Trade Integration Strategy 2015 (NTIS 2015) was developed with the objective of enhancing the contribution of the trade sector to growth and to overcome the constraints and challenges associated with trade development and export promotion. This note explores some stylized facts about Nepal’s integration in GVCs and identifies policy recommendations in cross-cutting areas that relate to most of the export sectors prioritized by the NTIS 2015. These recommendations are not meant to be specific to individual value chains or products and are based on the challenges identified through data analysis and interviews with firms in key export sectors and based on good practices observed elsewhere. The report is structured in three sections beside the introduction. The second section presents five stylized facts about Nepal’s exports that are related to GVC participation. The third section proposes some policy recommendations to address the issues highlighted in the analysis. The last section concludes.
format	Report
author	Arenas, Guillermo
author_facet	Arenas, Guillermo
author_sort	Arenas, Guillermo
title	From Evidence to Policy Supporting Nepal’s Trade Integration Strategy : Nepal Integration into Value Chains
title_short	From Evidence to Policy Supporting Nepal’s Trade Integration Strategy : Nepal Integration into Value Chains
title_full	From Evidence to Policy Supporting Nepal’s Trade Integration Strategy : Nepal Integration into Value Chains
title_fullStr	From Evidence to Policy Supporting Nepal’s Trade Integration Strategy : Nepal Integration into Value Chains
title_full_unstemmed	From Evidence to Policy Supporting Nepal’s Trade Integration Strategy : Nepal Integration into Value Chains
title_sort	from evidence to policy supporting nepal’s trade integration strategy : nepal integration into value chains
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/07/26564244/evidence-policy-supporting-nepal’s-trade-integration-strategy-policy-note-2-nepal-integration-value-chains-stylized-facts-policy-options http://hdl.handle.net/10986/24935
_version_	1764457942489235456

From Evidence to Policy Supporting Nepal’s Trade Integration Strategy : Nepal Integration into Value Chains

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