China Daily, August 15, 2020.
Junfu Zhao is a PhD candidate in economics at the University of Utah. Zhao can be reached at junfu.zhao [at] utah.edu. The author thanks Rudiger von Arnim, Minqi Li, and Han Cheng for their helpful comments.
Following the Donald Trump administration’s publication of its 2017
National Security Strategy and 2018
National Defense Strategy that designated China as a strategic competitor, the tensions between the United States and China have been heightened, encompassing trade disputes, China’s economic regime and territorial sovereignty, conflicts over geopolitical influences, and even the portrayed confrontation between liberal democracy and authoritarianism.
1 The inauguration of the Joe Biden administration has not significantly changed U.S. foreign policy toward China. In his
Victor Kummritz
There is now widespread consensus that participation in global value chains (GVCs) can foster economic development in the Global South (World Bank 2019). Previous Vox columns have shown how, by entering GVCs, supplier firms in developing countries can economically upgrade by making better quality products, improving production processes, and capturing more value-added (Kummritz 2015, Gereffi and Luo 2014). Participation in GVCs can also facilitate knowledge and technology transfers from lead-firms in the global North to suppliers in the global South, who can in turn benefit from improved economic returns (Baldwin and Lopez-Gonzalez 2015, Amendolagine et al. 2018).
However, there is also evidence that suppliers in the Global South are at risk of being ‘locked’ into segments of the value chain characterised by low value-adding potential and shrinking profits (Kaplinsky 2019 and Diao et al. 2021). For instance, Bohn et al. (2021) and Fu (2018) find that much of the
MSMEs Need To Integrate With Global Value Chain: Union Minister business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
RABAT: Morocco intends to more than double its per capita GDP to $16,000 by 2035, a committee set up by King Mohammed VI said in a report on Wednesday. The committee was set up in July 2019 with the aim of promoting development, reducing poverty and social inequality, Al Arabiya reported. It has made recommendations for improving agriculture, tourism, investment, renewable