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Global value chains – a ladder for development?

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  • Petra Dünhaupt
  • Hansjörg Herr

Abstract

For countries of the Global South, global value chains offer an opportunity to integrate into international trade and to industrialise relatively easily. However, in this contribution, we argue that this is not sufficient for a catching-up development, i.e. to reach the GDP per capita levels of the countries of the Global North. On the contrary, there is a risk that countries will remain trapped in low value-added activities. The theoretical argument is supported by case studies of four industries in six countries. For catching-up, countries need comprehensive horizontal and vertical industrial policy.

Suggested Citation

  • Petra Dünhaupt & Hansjörg Herr, 2021. "Global value chains – a ladder for development?," International Review of Applied Economics, Taylor & Francis Journals, vol. 35(3-4), pages 456-474, July.
    • Handle: RePEc:taf:irapec:v:35:y:2021:i:3-4:p:456-474
    DOI: 10.1080/02692171.2020.1815665
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    Cited by:

    1. Herr, Hansjörg, 2021. "Macroeconomic transformation of capitalism - How to achieve politically determined growth rates?," IPE Working Papers 170/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).

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