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The offshore services value chain : developing countries and the crisis

Author

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  • Gereffi, Gary
  • Fernandez-Stark, Karina

Abstract

This paper analyzes the recent evolution and impact of the global economic crisis on the offshore services industry. Using a global value chains framework, the authors classify the offshore services sector in a comprehensive set of general and industry-specific activities that correspond to different segments and stages in the value-adding process for services. Through an analysis of the impact of the economic crisis on the industry, a small decline in demand was found; however this did not cause any structural changes in the market. The crisis has created two opposing effects: general contraction of demand by existing customers due to the recession; and, at the same time, a substitution effect by which new services are being moved from developed countries to emerging economies in search of cost reduction. The paper concludes that the offshore services industry will continue to offer growth opportunities for developing countries not only among existing market players, but also a range of new countries. The industry has the potential to become an important source for employment and economic growth around the globe.

Suggested Citation

  • Gereffi, Gary & Fernandez-Stark, Karina, 2010. "The offshore services value chain : developing countries and the crisis," Policy Research Working Paper Series 5262, The World Bank.
  • Handle: RePEc:wbk:wbrwps:5262
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    Citations

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    Cited by:

    1. Vrh, Nataša, 2015. "Pay-off to Participation in Global Value Chains: How Much are New EU Member States Lagging behind the Rest of EU Countries in Terms of Domestic Value Added in Exports?," MPRA Paper 67805, University Library of Munich, Germany.
    2. del Prado, Fatima, 2015. "The BPO Challenge: Leveraging Capabilities, Creating Opportunities," Research Paper Series DP 2015-36, Philippine Institute for Development Studies.
    3. De Backer, Koen & Miroudot, Sébastien, 2014. "Mapping global value chains," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37176, May.
    4. Arti Grover Goswami & Aaditya Mattoo & Sebastián Sáez, 2012. "Exporting Services : A Developing Country Perspective," World Bank Publications, The World Bank, number 2379, July.
    5. repec:taf:pocoec:v:29:y:2017:i:3:p:405-430 is not listed on IDEAS
    6. Gehl Sampath, Padmashree & Vallejo, Bertha, 2018. "Global Value Chains and Upgrading: What, When and How?," MERIT Working Papers 016, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    7. Peter D. Ørberg Jensen & Bent Petersen, 2011. "Global sourcing of services versus manufacturing activities: is it any different?," The Service Industries Journal, Taylor & Francis Journals, vol. 32(4), pages 591-604, June.
    8. Martin Borowiecki & Bernhard Dachs & Doris Hanzl-Weiss & Steffen Kinkel & Johannes Pöschl & Magdolna Sass & Thomas Christian Schmall & Robert Stehrer & Andrea Szalavetz, 2012. "Global Value Chains and the EU Industry," wiiw Research Reports 383, The Vienna Institute for International Economic Studies, wiiw.
    9. del Prado, Fatima, 2015. "The BPO Challenge: Leveraging Capabilities, Creating Opportunities," Discussion Papers DP 2015-36, Philippine Institute for Development Studies.

    More about this item

    Keywords

    ICT Policy and Strategies; E-Business; Water and Industry; Housing&Human Habitats; Public Sector Corruption&Anticorruption Measures;

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