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Effective industrial policies and global value chains

In: A World Trade Organization for the 21st Century

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  • Patrick Low
  • Julia Tijaja

Abstract

The global financial crisis exposed great shortcomings in the global economic architecture, generating extensive international debate about possible remedies for these deficiencies. The postwar global architecture was guided by major developed economies, centered around the IMF, the GATT, and the World Bank. Today, the balance of economic power is shifting toward emerging economies. Global governance and economic policy must reflect this shift. With contributions from prominent Asian and international trade experts, this book critically examines key changes occurring in the world trading system and explores policy implications for Asia.

Suggested Citation

  • Patrick Low & Julia Tijaja, 2014. "Effective industrial policies and global value chains," Chapters, in: Richard Baldwin & Masahiro Kawai & Ganeshan Wignaraja (ed.), A World Trade Organization for the 21st Century, chapter 5, pages 110-129, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:15991_5
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    References listed on IDEAS

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    1. Malerba, Franco, 2002. "Sectoral systems of innovation and production," Research Policy, Elsevier, vol. 31(2), pages 247-264, February.
    2. Lall, Sanjaya, 1992. "Technological capabilities and industrialization," World Development, Elsevier, vol. 20(2), pages 165-186, February.
    3. Robert H. Wade, 2012. "Return of industrial policy?," International Review of Applied Economics, Taylor & Francis Journals, vol. 26(2), pages 223-239, November.
    4. Franco Malerba & Richard Nelson, 2011. "Learning and catching up in different sectoral systems: evidence from six industries," Industrial and Corporate Change, Oxford University Press, vol. 20(6), pages 1645-1675, December.
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    Asian Studies; Economics and Finance;

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