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Restructuring Global Value Chains and Building a Community with a Shared Future with Neighboring Countries
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作者 Shen Minghui 《Contemporary International Relations》 2025年第4期36-45,共10页
The Central Conference on Work Related to Neighboring Countries held on April 8–9,2025,highlighted the importance of China's neighborhood as“a vital foundation for achieving development and prosperity,a key fron... The Central Conference on Work Related to Neighboring Countries held on April 8–9,2025,highlighted the importance of China's neighborhood as“a vital foundation for achieving development and prosperity,a key front for safeguarding national security,a priority area in managing overall diplomacy,and a crucial link in promoting the building of a community with a shared future for mankind.” 展开更多
关键词 development prosperity national security overall diplomacy global value chains neighboring countries RESTRUCTURING chinas neighborhood building community shared future
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US-tariffs are disrupting the global textile and apparel value chains resulting in higher prices in the U.S.
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《China Textile》 2025年第2期11-11,共1页
The U.S.administration's decision tounilaterally impose sweeping tariff increas-es on tmported goods represents a signifi-cant challenge to the existing global tradingsystem,which has long been structuredaround mu... The U.S.administration's decision tounilaterally impose sweeping tariff increas-es on tmported goods represents a signifi-cant challenge to the existing global tradingsystem,which has long been structuredaround multilateral(WTO),regional,andbilateral(FTA)trade agreements. 展开更多
关键词 global trading system regional trade agreements bilateral trade agreements us tariffs unilateral tariff increases multilateral trade agreements global textile apparel value chains global tradingsystemwhich
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Innovation in two contrasting value chains:Constraints and opportunities for adopting alternative crop production in the Vietnamese Mekong River Delta
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作者 Sang Thanh LE Nhu Huynh MAO +1 位作者 Paul KRISTIANSEN Michael COLEMAN 《Regional Sustainability》 2025年第1期75-89,共15页
Agricultural production(especially intensive rice production)is a primary income source for over 2.0×10^(7) people in the Vietnamese Mekong River Delta.However,adverse climate change impacts,socio-economic change... Agricultural production(especially intensive rice production)is a primary income source for over 2.0×10^(7) people in the Vietnamese Mekong River Delta.However,adverse climate change impacts,socio-economic change,and high dependence on farm inputs for intensive production constrain the longer-term sustainability of rice systems.Government and agribusiness actors are encouraging more farmers to grow non-rice crops and supporting the upscaling of alternative crops to paddy rice.We used a qualitative approach to investigate the value chain characteristics,as well as constraints and opportunities of alternative crops via two case studies(baby corn and honeydew melon)in An Giang and Hau Giang provinces,Vietnam.Data collection involved focus group discussions with local farmers and interviews with farmers and industry experts.Thematic analysis was used to compile the findings,and the results were validated with local government staff.The baby corn value chain featured on-going and stable market demand(including value-addition)and better vertical coordination(e.g.,written contracts and financial support).The honeydew melon value chain featured positive relationships between farmers and traders despite less-developed vertical coordination.There are opportunities for value chain engagement through product quality certification,value-addition,and accessing high-value domestic and export markets.However,farmers require crop-specific and generic support from private and public sectors.Increased labour requirements and limited access to finance and credit limit value chain participation.Upscaling and marketing alternative crops can enhance farmer profitability and support non-farming agricultural business establishment,economic growth,and community development.Efficient value chains will be critical to ensure the adoption of alternative crops and development of crop-specific agribusiness models.These findings can inform policy-makers and change facilitators in designing targeted interventions to support the adoption of alternative crops in the study area as well as in Vietnam and globally. 展开更多
关键词 value chain Transformative adaptation Alternative crop Honeydew melon Baby corn Vietnamese Mekong River Delta
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Impact of heterogeneity of sanitary and phytosanitary measures on the upgrading of agricultural global value chains
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作者 DONG Yin-guo YANG Zun-rong SHAN Zhan-yao 《Ecological Economy》 2025年第3期202-213,共12页
With the deepening of international agricultural division of labor,trade methods have shifted from traditional bilateral trade to agricultural global value chain(AGVC)trade.Sanitary and Phytosanitary(SPS)measures are ... With the deepening of international agricultural division of labor,trade methods have shifted from traditional bilateral trade to agricultural global value chain(AGVC)trade.Sanitary and Phytosanitary(SPS)measures are a crucial factor affecting agricultural trade and a key variable in AGVC governance.This paper,based on the 2012-2020 University of International Business and Economics Global Value Chain Index(UIBE GVC Index)and the United Nations Conference on Trade and Development Non-Tariff Measures Database(UNCTAD NTMs Database),measures the structural heterogeneity and breadth heterogeneity of SPS measures.It also constructs mathematical models and fixed-effects models to explore the impact of SPS heterogeneity on AGVC upgrading.The findings reveal that the heterogeneity of SPS measures exerts a significant inhibitory effect on the upgrading of agricultural global value chains.Moreover,compared to developed countries,a reduction in SPS measures’heterogeneity demonstrates a more pronounced positive impact on AGVC upgrading in developing countries. 展开更多
关键词 Sanitary and Phytosanitary measures heterogeneity agriculture domestic value added in exports agricultural global value chain upgrading
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The evolution analysis of agricultural global value chains
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作者 DONG Yin-guo ZHOU Xin-yi DU Jian 《Ecological Economy》 2024年第2期178-187,共10页
With the Uruguay Round bringing agricultural trade into multilateral regulation,the major countries have actively participated in agricultural global value chains(AGVC)and occupied an important position according to t... With the Uruguay Round bringing agricultural trade into multilateral regulation,the major countries have actively participated in agricultural global value chains(AGVC)and occupied an important position according to their comparative advantages.Utilizing bilateral agricultural trade data of 66 countries based on the OECD Inter-Country-Input-Output Tables(OECD ICIO)from 2010 to 2018,this study applies social network analysis indicators to measure each country’s eigenvector centrality within AGVC and to examine the current global agricultural trade patterns,with particular attention to the changes in the status of world powers within AGVC.The main findings are as follows:first,with the multilateral and regional trade liberalization,growing numbers of developing nations,including China and India,are engaging in international agricultural trade,which contributes to its diversification;second,as AGVC develops,the structure of global agricultural trade networks has become more decentralized and balanced.This is evidenced by the emergence of additional central nodes,and large nations like the United States,which formerly held the most central position as indicated by a drop in its centrality,are becoming less dominant. 展开更多
关键词 agricultural global value chains centrality indicators world powers
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Establishment of Regional Green Innovation Value Chains:A Case Study on Tackling the Impeded Diffusion of Green Products
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作者 Li Xiaoyan 《Contemporary Social Sciences》 2024年第4期1-16,共16页
The green innovation value chain is a key step in transforming green,innovative scientific,and technological achievements into productive forces.The establishment of green innovation value chains based on value distri... The green innovation value chain is a key step in transforming green,innovative scientific,and technological achievements into productive forces.The establishment of green innovation value chains based on value distribution rather than technical conditions can effectively overcome the common bottleneck faced by different nations during their green innovation endeavors,namely,the substitution of conventional products with green alternatives.This study investigates the impeded diffusion of green products and their underlying causes,analyzes the internal structure and mechanism of the green innovation value chain,and explores the establishment of regional green innovation value chains and the models available for value chain upgrading. 展开更多
关键词 green innovation value chain green products impeded diffusion
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Does strict environmental regulation enhance the global value chains position of China's industrial sector? 被引量:3
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作者 Jin-Chao Wang Zhi-Da Jin +1 位作者 Mian Yang Sameen Naqvi 《Petroleum Science》 SCIE CAS CSCD 2021年第6期1899-1909,共11页
Given the vital importance of global value chains(GVCs)position for a country's international competitiveness,this paper tries to investigate the impacts of environmental regulation on the GVCs position of China&#... Given the vital importance of global value chains(GVCs)position for a country's international competitiveness,this paper tries to investigate the impacts of environmental regulation on the GVCs position of China's industrial sector.Using the latest value-added decomposition method,we first measure the GVCs position of China's industrial sector from 2003 to 2014.Subsequently,both two-stage least squares(2 SLS)method with panel data and mediating effect model are employed to empirically examine the effects of environmental regulation on China's position in GVCs.The results indicate that environmental regulation has significantly upgraded the GVCs position of China's industrial sector,and the effect is more evident for the sub-sectors with originally lower GVCs position.The mediation effect test shows that increasing R&D investment is an important channel through which environmental regulation affects the GVCs position of China's industrial sector,which verifies the existence of the Porter hypothesis.Further analysis finds that the enhancement of GVCs position of China's industrial sector caused by environmental regulation is mainly achieved through reducing the backward GVCs position. 展开更多
关键词 Environmental regulation Global value chains Porter hypothesis Industrial sector
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China's Position in Global Value Chains Compared with the EU,U.S.and Japan 被引量:1
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作者 赖伟娟 钟姿华 《China Economist》 2017年第6期86-99,共14页
By creating a five-country I-O model of China, EU, US, Japan and other countries, this paper decomposes gross export into nine parts and investigates the GVC positions and competitiveness of China and the other three ... By creating a five-country I-O model of China, EU, US, Japan and other countries, this paper decomposes gross export into nine parts and investigates the GVC positions and competitiveness of China and the other three economies for different sectors using real domestic trade in value-added and GVC position indices. In addition, valueadded trade is taken into consideration to identify the labor division characteristics of the four economies in the GVC, which led to the following findings: China participates primarily in the single links of the GVC at the downstream yet shows a significant tendency to move upstream in technology-intensive sectors; Japan participates primarily in the single links of the GVC at the upstream and boasts an advantage in technology-intensive sectors; the US participates in the multiple links of the GVC at the upstream with superiority in hightechnology sectors; the EU participates in the production and export of intermediate goods and final goods at both ends. 展开更多
关键词 global value chains trade in value-added GVC position indices value-added trade
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Strategic Agricultural Commodity Value Chains in Africa for Increased Food: The Regional Approach for Food Security 被引量:1
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作者 Mahamadou Nassirou Ba 《Agricultural Sciences》 2016年第9期549-585,共37页
The challenge Africa faces the most is how to feed the 2.4 billion people in 2050. This will require a transformational agriculture. Africa doesn’t need subsistence agriculture, but rather agriculture linked to the m... The challenge Africa faces the most is how to feed the 2.4 billion people in 2050. This will require a transformational agriculture. Africa doesn’t need subsistence agriculture, but rather agriculture linked to the market where market demand and the consuming habits are taken in consideration. Agriculture evolves in an environment where small holders are linked to markets (national and regional), where economies of complementarity and economies of scale are taken advantage of by producers and private sector. In short, Africa will need a paradigm shift to industrialise and commercialise its agriculture sector in order to increase food production, and income and to create jobs in and outside the sector. Africa needs agribusiness and agro-industries to domesticate the benefits of the sector, to create wealth in the sector and retain that wealth in the continent. Agricultural commodities regional value chains for increased food should be the target for Africa. The continent remains the region with the highest prevalence of under-nourishment. Since agriculture remains the mainstay of most African economies except the mineral producers, the sector deserves a close attention from leaders. It accounts for 65% of employment and 40% of Africa’s export earnings and accounts for 17% of the GDP. This shows how important the sector is. Agriculture needs to be seen as a conduit for farmers to get connected to markets, a conduit for revenue, for jobs and for transformation. Africa needs to come back on the international scene as food sufficient continent and even food exporter. This can be achieved only with a stable, productive agricultural resource base. Thus, achieving and sustaining food security and economic prosperity in Africa will require significant efforts to modernize the continent’s agriculture sector through injection of agribusiness and agro-industries and through the application of science and technology in agriculture. In essence, agriculture needs to be viewed as knowledge based entrepreneurial activity. Smart investments in agriculture will have multiplier effects for the whole economy and hence induce prosperity to other sectors. In recent years, a renewed focus on agriculture has been evident in policy and development agendas across the African continent. This paper outlines the status of agriculture, agribusiness and agro-industries in Africa, their role in the agenda of agricultural transformation and economic transformation and the focus on regional value chain to increase food production, transformation and trade. The paper adopts a new thinking in agriculture, which reflects a regional value chain approach. The author covers such issues as: need for agricultural transformation, the role of value chain in agricultural sector, the need for regional value chain for increased income and increased food, the role of markets and the common denominator of all, the regional integration to push forward the African agriculture agenda. Evidence shows that it is agricultural growth, through its leverage effects on the rest of the economy that typically enables poor countries, poor regions and ultimately poor households to take the first steps toward economic transformation. Therefore agricultural productivity, at the small holder’s level, has the potential to lift millions of Africa’s vulnerable out of poverty and provide sustainable jobs. Other factors, namely “the rapid urbanization” and “increased population growth”, are quoted to be of critical importance. Africa population is projected to double, attaining the 2.3 billion people mark over the next 40 years representing half of the globe’s total population. This could trigger competition for resources and can have devastating effects on natural resources if not rightly channelled. 展开更多
关键词 Food Security Agricultural Commodities value Chain Regional value chains Agricultural Transformation Agribusiness Agro-Industries
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Analysis of Agricultural Commodities Value Chains and Greenhouse Gas Emission in Rice and Maize in West Africa: Impact on Food Security 被引量:1
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作者 Mahamadou Nassirou Ba 《Agricultural Sciences》 2016年第7期457-468,共12页
This paper analyses the greenhouse gas (GHG) emission along the value chains of two strategic commodities in West Africa (rice and maize) in four pilot countries: Ghana, Senegal Benin and Cote D’Ivoire. The Value Cha... This paper analyses the greenhouse gas (GHG) emission along the value chains of two strategic commodities in West Africa (rice and maize) in four pilot countries: Ghana, Senegal Benin and Cote D’Ivoire. The Value Chains Analysis and Greenhouse model used in this study, provides insight into the relationship between output maximization and GHG emissions to help define optimal intervention approaches that minimize emissions while maximizing the potential yield, hence boost food security. It highlights intervention measures for improvement of production and productivity along with the identification of mitigation measures to reduce GHG emissions. It also revealed that the largest GHG emission factor from maize farming in the selected countries is from the application of nitrogen fertilizers (NO2), and for rice farming, depending on the systems, e.g. rain fed, irrigated or multiple aeration, the emission is mostly due to anaerobic decomposition of methane (CH4) which increases with flooding practice. 展开更多
关键词 value chains Greenhouse Gas Emission Output Maximization Food Security
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Creating Inclusive Global Value Chains under the BRI from the Perspective of Public Goods Supply and Demand
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作者 Ma Tao Chen Xi 《China Economist》 2021年第4期60-69,共10页
Supply and demand of public goods provide a brand-new theoretical framework for research on the creation of inclusive global value chains(GVCs)under the Belt and Road Initiative(BRI).The supply of international public... Supply and demand of public goods provide a brand-new theoretical framework for research on the creation of inclusive global value chains(GVCs)under the Belt and Road Initiative(BRI).The supply of international public goods is an important positive variable for creating global value chains under the BRI,in which China and other developing countries involved,as well as their small and medium-sized enterprises(SMEs),are microscopic entities.When the BRI’s supply of instrumental,institutional,and conceptual international public goods is in equilibrium with the demand of GVC entities for public goods,the BRI creates necessary conditions for the extension of GVCs.GVCs created under the BRI are of great value in promoting inclusiveness,fair income distribution,balanced regional development,and the restructuring of international economic governance.Under the current GVC system,some developed countries have been wary about the BRI and even developed misgivings and biases.Nevertheless,developed countries may play an active role in bridging gaps in the BRI’s development and complement their respective strengths with developing countries for win-win cooperation. 展开更多
关键词 BRI inclusive global value chains supply and demand of public goods developing countries SMES
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Global Value Chains in the Era of 4IR: New Paradigm of Business Models for SMEs
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作者 Roberto Mavilia Roberta Pisani 《Chinese Business Review》 2021年第1期1-10,共10页
This paper presents a brief literature review of previous studies methodologies,models,and contexts in studying firms’upgrading in Global Value Chains(GVCs).The key context of this paper is set within Fourth Industri... This paper presents a brief literature review of previous studies methodologies,models,and contexts in studying firms’upgrading in Global Value Chains(GVCs).The key context of this paper is set within Fourth Industrial Revolution(4IR).Through the literature review,this paper offers to identify the opportunities of theoretical novelty and ways to elaborate on understanding firm dynamics in Global Value Chains in the context of 4IR.The approach based on Business Model(BM)innovations and new forms of organizing for business(such as platforms)is used to synthesize from previous research findings and build on to newer explanations of firms’entry,learning,and upgrading within GVCs. 展开更多
关键词 Fourth Industrial Revolution Business Models Global value chains
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Learning by Doing Effect in North South Trade under the Global Value Chains: An Empirical Analysis of Various Industries in the U.S.
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作者 Lin Kong 《International Journal of Technology Management》 2013年第12期25-28,共4页
This paper studies the division of labor and economic development under global value chains in North South trade by mainly investigating the changes of production hours and cost per unit along with more and more outpu... This paper studies the division of labor and economic development under global value chains in North South trade by mainly investigating the changes of production hours and cost per unit along with more and more output and increasing trade value in several industries in the U.S., because the U. S. is at the leading position in the division of labor by global value chains. The empirical evidence reveals that more international outsourcing, there will be more detailed division of labor, and the industry unit production time and production cost will show more declining trend year by year. This is consistent with that the global value chains and the outsourcing play more and more important roles in the international division of labor and economic growth in both developed and developing countries, and helps explain the integration of workforce across countries in the global value chains. 展开更多
关键词 Global value chains North South Trade Division of Labor Learning by Doing INDUSTRIES
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Tracking Transfer of Carbon Dioxide Emissions to Countries along the Silk Roads Through Global Value Chains
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作者 ZHANG Guangyuan ZHENG Zhi WUZHATI Yeerken 《Chinese Geographical Science》 SCIE CSCD 2022年第4期549-562,共14页
The Belt and Road Initiative(BRI)has aroused rich discussions about the possible increase in carbon dioxide emission under the arduous global carbon dioxide emission reduction task.Adopting the methods of input-output... The Belt and Road Initiative(BRI)has aroused rich discussions about the possible increase in carbon dioxide emission under the arduous global carbon dioxide emission reduction task.Adopting the methods of input-output technique and complex network ana-lysis,we first construct a fairer method to trace carbon dioxide emission transfer based on global value chains,then trace the source of carbon dioxide emission transfer to the Silk Roads countries with a long-term multiple regional input-output database.We find that,first,after the proposal of the BRI,the total direct carbon dioxide emissions of the Silk Roads countries and China’s proportion of carbon dioxide emission transfer to the other Silk Roads countries have both declined.Second,the Silk Roads countries are generally the net receivers of carbon dioxide emission transfer,and the inflow is mainly distributed in Southeast Asian countries and core countries in other sub-regions.Then,the transfer of carbon dioxide emission accepted by the Silk Roads countries comes mostly from large developing countries,such as China,Russia,and India,and developed countries,such as the United States,Japan,and Germany.The products are mainly concentrated in energy and chemical industries,as well as heavy industries,such as mining and quarrying,and metal products.We suggest that,due to the high degree of spatial and industrial concentrations of carbon dioxide emission transfer,it is necessary to make targeted policies for these countries and industries to reduce these transfers. 展开更多
关键词 The Belt and Road Initiative(BRI) carbon dioxide emission global value chain carbon dioxide transfer emission respons-ibility emission reduction
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Analyzing the Value Chains of China's Knock-off Handset industry
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作者 巫强 刘志彪 《China Economist》 2011年第1期102-109,共8页
Establishing a two-sided market (specialized market) is an effective way to build a national value chain (NVC). The Chinese knock-off wireless handset industry has succeeded in building a miniature version of an N... Establishing a two-sided market (specialized market) is an effective way to build a national value chain (NVC). The Chinese knock-off wireless handset industry has succeeded in building a miniature version of an NVC based on the Huaqiangbei Market, a typical specialized market. "Ihis paper begins b), analyzing the differences in the industrial chains of knock-off and traditional wireless handsets and concludes that due to lacking after-sales service, the value chain of knock-off wireless handsets is consumer-driven, with a focus on manufacturing and marketing. Analysis of the knock-off wireless handset-based NVC reveals that multi-level demands, a maturing industry and adaptive innovation are three pre-conditions for Chinese manufacturing to build an NVC in a two-sided market. Given the uneven scale and techniques among knock-off handset makers, their addiction to the low-end market and imperfect value chains constructed using the "knockoff pattern" this paper proposes that China can break these bottlenecks by letting the specialized and unilateral markets develop closer to each other and by providing governmental guidance in the specialized market. 展开更多
关键词 national value chain (NVC) global value chain GVC knock-off handset two-sided market specialized market
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Upgrading for Impact Anhui Province climbs higher on global industrial value chains with AI technology
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作者 Li Xiaoyang 《Beijing Review》 2025年第29期30-32,共3页
Chinese technology company iFLYTEK Co.Ltd.launched an intelligent speech recognition system designed for humanoid robots this June.While traditional robotic performance suffers in noisy environments,this AI solution a... Chinese technology company iFLYTEK Co.Ltd.launched an intelligent speech recognition system designed for humanoid robots this June.While traditional robotic performance suffers in noisy environments,this AI solution achieves 92-percent environmental sensing accuracy-overcoming a key industry challenge.It enhances humanoid computers’ability to manage complex logistics and warehouse tasks. 展开更多
关键词 humanoid computers ability humanoid robots manage complex logistics warehouse tasks intelligent speech recognition system upgrading impact anhui province global industrial value chains ai technology chinese technology company iflytek intelligent speech recognition system humanoid robots noisy environments environmental sensing accuracy industry challenge enhances complex logistics warehouse tasks
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How the adoption of industry 4.0 technologies is related to participation in global and domestic value chains: Evidence from Russia 被引量:1
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作者 Anna A.Fedyunina Nikolay A.Gorodnyi Yuri V.Simachev 《International Journal of Innovation Studies》 2024年第2期93-108,共16页
This study explores the relationships among Industry 4.0 technologies, their application areas,and the involvement of Russian manufacturing firms in global and domestic value chains. Weapply logit and multinomial logi... This study explores the relationships among Industry 4.0 technologies, their application areas,and the involvement of Russian manufacturing firms in global and domestic value chains. Weapply logit and multinomial logit regressions using an original survey dataset of approximately1700 Russian manufacturing firms. We make a novel contribution to the literature by uncoveringan asymmetry in adopting Industry 4.0 technologies among Russian industrial firms in domesticvalue chains (DVCs) and global value chains (GVCs). This asymmetry has the potential to impedeGVC localization and DVC internationalization. Based on our results, software automation solu-tions are the only ones demonstrating statistical significance for firms participating simulta-neously in GVCs, DVCs, and both GVCs and DVCs. Companies in DVCs demonstrate a broaderutilization of Industry 4.0 technologies across various application areas. We also identify evidenceof reshoring in DVCs, indicating that Industry 4.0 adoption encourages firms to establish enduringrelationships with domestic suppliers. Highlighting that differences in technology adoption areinfluenced by external factors, including adherence to international standards and regulatoryprinciples, we propose policy implications for developing countries. Recommendations encom-pass reducing entry barriers to DVCs, improving procurement transparency, and promotingcompetition in the digital solutions market to empower firms for seamless GVC integration. 展开更多
关键词 Industry 4.0 Global value chains Domestic value chains Forward linkages Backward linkages
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Impact of the Regional Comprehensive Economic Partnership(RCEP)implementation on agricultural sector in regional countries:A global value chain perspective 被引量:1
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作者 Shaowen Xu Jingfei Qian +1 位作者 Yangfen Chen Huijie Zhang 《Journal of Integrative Agriculture》 2025年第1期380-397,共18页
The Regional Comprehensive Economic Partnership(RCEP)has created favorable conditions for building deeply integrated agricultural value chains(AVC)in Asia-Pacific.Based on the RCEP agreement,this study employed the gl... The Regional Comprehensive Economic Partnership(RCEP)has created favorable conditions for building deeply integrated agricultural value chains(AVC)in Asia-Pacific.Based on the RCEP agreement,this study employed the global trade analysis project(GTAP)model to evaluate the impact of RCEP on AVC of member countries in terms of time,tariff reduction,and reduction of non-tariff barriers(NTB).The results indicate that(1)the implementation of RCEP boosts the value-added to agricultural exports for most member countries,particularly in competitive industries;(2)the increase in domestic production and processing capacity,reflected in domestic value-added(DVA),is the primary factor driving the rise in the value-added of agricultural exports across various industries of member countries;(3)RCEP enhances the participation of most regional countries in AVC,with varying impacts on AVC positioning,thereby fostering regional AvC development;and(4)RCEP has a positive effect on AVC indicators both in the short and long term,with the effect becoming more pronounced over time.Additionally,reducing NTB enhances the positive effects of tariff reductions on AVC indicators.Based on the analyses,the following recommendations are proposed:(1)Leverage the development opportunities arising from RCEP implementation to enhance the agricultural DVA;(2)capitalize on cooperative opportunities created by RCEP to build cohesive regional AVC;and(3)prioritize the effective implementation of RCEP'shigh-qualityrules. 展开更多
关键词 RCEP GTAP agricultural value chains TARIFF non-tariff barriers trade facilitation
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How Does Economic Policy Uncertainty Impact a Country's Position in Global Value Chains?
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作者 Jiaxuan Zhang Hongsheng Zhang +1 位作者 Xuhang Shen Bo Meng 《China & World Economy》 2024年第5期28-52,共25页
Economic globalization in the 21st century has been characterized by the rise and spread of global value chains(GVCs).It faces significant challenges due to increasing domestic and international policy uncertainty in ... Economic globalization in the 21st century has been characterized by the rise and spread of global value chains(GVCs).It faces significant challenges due to increasing domestic and international policy uncertainty in the context of emerging mega risks like geopolitical tensions and climate change.This paper begins by constructing a theoretical model for an open economy to study how risk-averse firms make decisions regarding the sourcing of intermediate inputs in an uncertain environment.Our model solution proposes that firms will source fewer intermediate inputs from countries with more economic uncertainty.An increase in domestic and foreign uncertainty will have opposite impacts on a country's position in GVCs.In this sense,we argue that a country tends to move downstream along GVCs if its own economic policies become more uncertain,and it tends to move upstream with an increase in the uncertainty of its trading partner countries.Our regression analyses,based on data including the World Input-Output Database,World Development Indicators,the UN Comtrade database,and the Economic Policy Uncertainty Index,provide empirical support for this model-based conclusion.Our findings highlight that a nation must consider foreign economic policy uncertainty and maintain domestic policy stability to participate in GVCs. 展开更多
关键词 economic policy uncertainty global value chain GVC participation GVC position
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