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This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

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FAR EAST PLANNING MANAGER - WAHL VIETNAM CO.,LTD

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The Bosch Group is a leading global supplier of technology and services, in the areas of automotive and industrial technology, consumer goods as well as building technology. 

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GLOBAL VALUE CHAINS: CHALLENGES, OPPORTUNITIES, AND IMPLICATIONS FOR POLICY

2018-01-11 17:06:05

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GLOBAL VALUE CHAINS:  CHALLENGES, OPPORTUNITIES, AND IMPLICATIONS FOR POLICY

 

The growth of global value chains (GVCs) has increased the interconnectedness of economies and led to a growing specialisation in specific activities and stages in value chains, rather than in entire industries. Over 70% of global trade is in intermediate goods and services and in capital goods. The income created within GVCs has doubled, on average, over the last 15 years; in China, income associated with GVCs has grown six-fold.

Not all firms and countries are equally involved in GVCs. Some countries participate in many, either asthe host country to lead firms or as suppliers of very specific tasks, while others participate very little. These varying degrees of connectedness are determined by many considerations, some of which are fixed (such as a country’s geographic location and resource endowment), while others can be shaped by public policy (such as a country’s human capital, physical infrastructure, and overall investment climate). Here governments play a key role, as they may enact policies that either promote or reduce the capacities of their firms to enhance their competitiveness, attract investment, and insert themselves into GVCs.
 
 
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