 Development Unchained: Trade and Industrialization in the Era of International ProductionRichard Kozul‐Wright and Piergiuseppe Fortunato Global Policy, 2019, vol. 10, issue 1, 29-40 Abstract: Following a period of strong growth across all developing regions during the first decade of the millennium and a rapid rebound from the 2008 financial crisis, a combination of falling commodity prices, increasing financial market volatility and weak global demand has negatively affected growth performance in recent years. This growth slowdown has exposed the absence of structural transformation in many developing countries even under robust growth conditions. As a result, increasing attention has turned to the trade and industrialization opportunities offered by participation in global value chains (GVCs). However, while the evidence suggests a positive association between participation in GVCs and increased exports and inward FDI flows, evidence on their supporting structural transformation is weak. This paper discusses strategic approaches to participation in GVCs as part of a broader development agenda. In particular, it focuses on the opportunities offered by regional value chains (RVCs) and South‐South cooperation and examines the role of industrial policy, with reference to the case of Southern Africa. Date: 2019 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:glopol:v:10:y:2019:i:1:p:29-40 Ordering information: This journal article can be ordered from Access Statistics for this article Global Policy is currently edited by David Held, Patrick Dunleavy and Eva-Maria Nag More articles in Global Policy from London School of Economics and Political Science Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.