| Description |
1 online resource (xx, 376 pages) : color illustrations, color maps |
| Contents |
Front Cover -- Contents -- Foreword -- Acknowledgments -- Abbreviations -- Overview -- Part I -- Chapter 1 Foreign Direct Investment and Global Value Chains -- Key findings -- Global value chains: Definition, measurement, and archetypes -- Foreign direct investment and global value chains are mutually reinforcing -- International production networks -- Hyperspecialization -- Leveraging foreign direct investment to upgrade into new global value chain archetypes -- Chapter 2 Multinational Corporations Shape Global Value Chain Development -- Key findings |
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Multinational corporations are the drivers of global value chains -- The significant contributions of multinational corporations to global output and trade -- Positive correlation between the importance of multinational corporations and trade value across sectors and countries -- Multinational corporations' objectives and strategies in global value chains -- Bringing it together: Global value chain archetypes and multinational corporations' business strategies -- Superstar firms and the impacts on growth and distribution -- Chapter 3 The Internationalization of Domestic Firms -- Key findings |
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Domestic firm participation in global value chains: Pathways -- Prerequisites to firm internationalization and global value chain participation -- Global value chain upgrading: A learning process to improve competitiveness -- Chapter 4 Using Investment Policies to Stimulate Global Value Chain Participation -- Key findings -- How investment policies can help global value chain participation -- Foreign direct investment policy and promotion -- Domestic firm internationalization policy -- Strategy and approaches for global value chain integration |
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Chapter 5 Global Value Chains in the Time of COVID-19 (Coronavirus) -- Key findings -- Impact of COVID-19 (coronavirus) on foreign direct investment and global value chains -- Firms' responses to the disruption -- Implications for developing countries -- Part II -- Introduction -- Qualitative case studies: Examples of approaches to foreign direct investment-led global value chain participation -- Quantitative case study: A comparative analysis of firm dynamics in global value chains -- Chapter 6 Kenya-Supplying to multinationals exposed local firms to international horticulture markets |
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Chapter 7 Honduras-Using maquilas and international agreements to boost the garment industry -- Chapter 8 Malaysia-Attracting superstar firms in the electrical and electronics industry through investment promotion -- Chapter 9 Mauritius-Partnering with foreign firms to upgrade the tourism industry -- Chapter 10 Korea, India, and China-Investing outward helped digital firms develop and complete globally -- Chapter 11 Rwanda and West Bengal, India-A comparative analysis of firm dynamics in global value chains -- Boxes -- Figures -- Maps -- Tables |
| Summary |
This report investigates the role of foreign direct investment (FDI) in helping developing countries participate in global value chains (GVCs). It combines the perspectives and strategies from three types of players: multinational corporations, domestic firms and governments. It aims to provide practical guidance for developing countries to develop strategies that use FDI to strengthen GVC participation and upgrading. The report has six main chapters: 1. FDI and GVCs. Assesses the trade-investment nexus and analyzes the effect of FDI in countries' GVC participation and upgrading at the country level. 2. Multinational corporations (MNCs) shape GVC development. Highlights MNCs' contribution to global economy and how their business strategies shape the evolution of GVCs. The chapter also compares MNCs' business strategies in terms of outsourcing and offshoring, risk mitigation and increasing market power across GVC archetypes. 3. Domestic firm perspectives on GVC participation. Looks at the various paths domestic firms can take to internationalize their production and trade. Investigates domestic firm characteristics that predict higher GVC participation, and the effect of GVC participation on firm performance. 4. Investment policy and promotion: what is in a government's toolbox? Summarizes the various policy instruments governments have at their disposal to help attract MNCs to their country and facilitate GVC participation of domestic firms. 5. Integrating countries into GVCs. Draws on a range of case studies to illustrate how governments can develop coherent strategies and policy packages to integrate their countries into GVCs. 6. FDI and GVCs in the wake of COVID-19. Reflects the impact of COVID-19 on FDI and GVCs, the response from multinationals and suppliers, and the implications for GVC reconfiguration. In addition, there are seven case studies that offer more nuanced analysis on the GVC participation in selected countries and sectors: -- Five qualitative case studies: Five countries have been selected that managed to use FDI to stimulate GVC participation using a range of approaches. By design, these five countries also cover five different GVC archetypes. These countries are: (1) Kenya (horticulture); (2) Dominican Republic (textiles); (3) Mauritius (tourism); (4) Malaysia (electronics); (5) China (software). -- Two quantitative case studies: Rwanda, West-Bengal (India). These use a combination of firm- and transaction level datasets to study firm-level dynamics that explain the role of multinational and domestic firms across GVCs |
| Bibliography |
Includes bibliographical references |
| Notes |
Description based on online resource; title from digital title page (viewed on October 26, 2021) |
| Subject |
International economic relations.
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Investments, Foreign.
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Investments, Foreign -- Case studies
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Business logistics -- Finance
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International business enterprises -- Finance
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Commercial policy.
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International economic relations
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Commercial policy
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International business enterprises -- Finance
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Investments, Foreign
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| Genre/Form |
Case studies
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| Form |
Electronic book
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| Author |
Liu, Yan (Economist), author.
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Steenbergen, Victor, author.
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| ISBN |
9781464816840 |
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1464816840 |
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