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Foreign direct investment can help global value chain integration Photo: Nyani Quarmyne (Panos)/ IFC Global Value Chains (GVCs) have boosted productivity growth and structural transformation in many developing countries, by allowing them to specialize in certain activities and stages of production rather than waiting for entire industries to develop. GVCs encompass a myriad of firm-to-firm relationships through investment, trade, people, technology, and information flows. GVCs benefit from policy makers’ capacity to create a conducive environment for attracting foreign direct investment (FDI), help domestic firms internationalize, and facilitate the interactions between multinational corporations (MNCs) and domestic firms. Our new report An investment perspective on GVCs provides insights on the topic, with a focus on three key players that shape GVCs: MNCs, domestic firms, and policy makers. It analyzes GVCs from a FDI perspective and investigates the role of ....
ASEAN discusses COVID-19 impact, Global Value Chains transformation, regional response - ASEAN asean.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asean.org Daily Mail and Mail on Sunday newspapers.
Leveraging Mining-Related Infrastructure Investments for Development (Rails, Port, Power, Water and ICT) To be beneficial for a country’s development, non-renewable resource extraction should be leveraged to build long-term assets, such as infrastructure, that will support sustainable and inclusive growth. This is especially critical for countries facing an infrastructure-funding gap (e.g. the World Bank’s Africa Infrastructure Country Diagnostic has estimated that Africa faces an annual infrastructure funding gap of US$31 billion); leveraging extractive industry-related investment could help fill this gap. Historically, natural resource concessionaires have adopted an enclave approach to infrastructure development, providing their own power and transportation services to ensure that the basic infrastructure needed for their operations is reliably available. ....
China Daily, May 10, 2021. Cheng Enfu is a principal professor at the University of the Chinese Academy of Social Sciences, director of the Research Center for Economic and Social Development at the Chinese Academy of Social Sciences, and president of the World Association for Political Economy. He can be reached at 65344718[at]vip.163.com. Lu Baolin is a professor at the School of Economics, Qufu Normal University. Neoimperialism is the specific contemporary phase of historical development that features the economic globalization and financialization of monopoly capitalism. The characteristics of neoimperialism can be summed up on the basis of the following five key features. First is the new monopoly of production and circulation. The internationalization of production and circulation, together with the intensified concentration of capital, gives rise to giant multinational monopoly corporations whose wealth is nearly as great as that of whole countries. Second is the ne ....