Conceptual Aspects of Global Value Chains

By Pol Antràs. World Bank Economic Review, 2019

440 citations recorded by the source corpus.

This article offers an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). It outlines a series of alternative interpretations and definitions of what the rise of GVCs entails, and it traces the implications of these alternative conceptualizations for the measurement of the phenomenon, as well as for elucidating the key determinants and implications of GVC participation, both at the country level and at the firm level. In the process, it offers some speculative thoughts about the future of GVCs in light of the advent of an array of new technologies.

View Paper: https://www.semanticscholar.org/paper/0a712cd2d2273a3760026aa0b5652b97187c7749

Citations in the corpus

• Determinants of Global Value Chain Participation: Cross-Country Evidence (2020, unknown): “Factor endowments are crucial in determining international specialization (Heckscher–Ohlin model) for traditional trade and GVC trade alike, but they also shape the positioning of countries in GVCs and thus their extent of backward and forward GVC participation (Antràs 2020).”
• Growing like China: Firm performance and global production line position (2020, unknown): “Global value chains (GVCs) have fundamentally transformed international trade and development in recent decades (Baldwin, 2016; Antràs, 2021; World Development Report, 2020).”