Employment effects of joining global production networks: Does domestic value added matter?
Wannaphong Durongkaveroj ()
No wp-2021-64, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Is the emphasis placed in trade and industry policy-making in developing countries on the share of domestic value-added ('value-added ratio') in exports consistent with the objective of achieving economic development through an export-oriented development strategy? This paper examines the rationale behind this policy emphasis, first by revisiting the conventional case for using the value-added ratio as a policy guide, and then by undertaking an input-output (I-O) analysis of manufacturing industry in Thailand with an emphasis on employment generation and equity.
Keywords: global production networks; value added; Exports; Employment; Thailand; Business networks; Production (search for similar items in EconPapers)
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