Risks and Opportunities of Participation in Global Value Chains

• Authors: Gereffi Gary , Luo Xubei
• Languages of publication: EN

Abstracts

EN

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.

Keywords

EN

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

• Publisher: Uniwersytet Warszawski. Wydział Nauk Ekonomicznych
• Journal: Journal of Banking and Financial Economics
• Year: 2015
• Issue: 2(4)
• Pages: 51-63

Dates

online

2015-08-17

Contributors

author

Gereffi Gary

• Duke University

author

Luo Xubei

• The World Bank

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Identifiers

ISSN

2353-6845

DOI

10.7172/2353-6845.jbfe.2015.2.4