Path for China's high-tech industry to participate in the reconstruction of global value chains

Yiru Song, Chunjiao Yu, Lulu Hao and Xi Chen

Technology in Society, 2021, vol. 65, issue C

Abstract: With the deepening of the international division of labor, the change of the national interest distribution pattern, and the spread of de-globalization in some developed countries, the Global Value Chains (GVCs) are undergoing a new round of large-scale restructuring, and the situation of GVCs being dominated by developed countries is changing. Industries of different countries have different paths of participation in the reconstruction of GVCs, including active embedding in GVCs, constructing National Value Chains, and leading to the creation of Regional Value Chains (RVCs). Different high-tech industries in China choose different ways to participate in reconstruction of GVCs due to their different levels of competitiveness. Based on the Value-Added Revealed Comparative Advantage index, this study constructs the basis and criteria for choosing the path of reconstruction of GVCs and designs the appropriate path for Chinese high-tech industry. Pharmaceutical manufacturing and transportation equipment manufacturing industry tend to constructing National Value Chains against the background of globalization, and the chemical products manufacturing, electrical and electronic equipment manufacturing, and optical equipment manufacturing industries tend toward “indigenous innovation” while dominating the RVC reconstruction path, integratinging global and domestic Value Chains, to achieve the domestic and international double cycle goals.

Keywords: Reconstruction of global value chains; National value chain; Regional value chain; Revealed comparative advantage of added value (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:teinso:v:65:y:2021:i:c:s0160791x20312896

DOI: 10.1016/j.techsoc.2020.101486

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