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Risks and Opportunities of Participation in Global Value Chains

Author

Listed:
  • Gary Gereffi

    (Duke University)

  • Xubei Luo

    (The World Bank)

Abstract

Risk is inherent to the pursuit of opportunity. This paper draws on the recent literature and looks at the risks and opportunities firms and their workers face in the global value chains. First, it examines the sharing mechanisms that firms provide from the national and global perspectives; second, it takes a closer look at the new opportunities and challenges for firms and individuals in the global arena; third, it discusses the role of economic upgrading and social upgrading; and finally it sheds light on how the government can help people manage risks and reap the benefits of participation in global value chains.

Suggested Citation

  • Gary Gereffi & Xubei Luo, 2015. "Risks and Opportunities of Participation in Global Value Chains," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 2(4), pages 51-63, June.
    • Handle: RePEc:sgm:jbfeuw:v:2:y:2015:i:4:p:51-63
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    References listed on IDEAS

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    Cited by:

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    2. McWilliam, Sarah E. & Kim, Jung Kwan & Mudambi, Ram & Nielsen, Bo Bernhard, 2020. "Global value chain governance: Intersections with international business," Journal of World Business, Elsevier, vol. 55(4).
    3. Aslihan Atabek & Dan Andrews & Rauf Gönenç, 2017. "Rebalancing Turkey’s growth by improving resource allocation and productivity in manufacturing," OECD Economics Department Working Papers 1367, OECD Publishing.
    4. Krummel, Daniel & Siegfried, Patrick, 2021. "The Dark Side of Samsung’s Value Chain: The Human Costs of Cobalt Mining “BLOOD, SWEAT AND COBALT”," MPRA Paper 111405, University Library of Munich, Germany.
    5. Murphree, Michael & Anderson, John (Andy), 2018. "Countering Overseas Power in Global Value Chains: Information Asymmetries and Subcontracting in the Plastics Industry," Journal of International Management, Elsevier, vol. 24(2), pages 123-136.

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    More about this item

    Keywords

    Risk; global value chains; economic upgrading; social upgrading; global recession;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production

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