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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

    as
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    3. Lam, Kit-Chun & Liu, Pak-Wai, 1986. "Efficiency and sharing of investment in specific human capital under risk aversion," Economics Letters, Elsevier, vol. 20(1), pages 83-87.
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    6. Olivier Cattaneo & Gary Gereffi & Cornelia Staritz, 2010. "Global Value Chains in a Postcrisis World : A Development Perspective," World Bank Publications, The World Bank, number 2509, October.
    7. Stacey Frederick & Gary Gereffi, 2011. "Upgrading and restructuring in the global apparel value chain: why China and Asia are outperforming Mexico and Central America," International Journal of Technological Learning, Innovation and Development, Inderscience Enterprises Ltd, vol. 4(1/2/3), pages 67-95.
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    Cited by:

    1. Aslihan Atabek & Dan Andrews & Rauf Gonenc, 2017. "Rebalancing Turkey’s Growth by Improving Resource Allocation and Productivity in Manufacturing," Working Papers 1704, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    2. repec:eee:intman:v:24:y:2018:i:2:p:123-136 is not listed on IDEAS

    More about this item

    Keywords

    Risk; global value chains; economic upgrading; social upgrading; global recession;

    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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