A microeconometric analysis of factors affecting global value chain participation in Zimbabwe

Trade balance is one of the important macro balances and has a strong impact on the balance of payments and the overall national economy. A country with a large trade deficit may experience lowered competitiveness of goods, export growth, and economic growth. This paper focuses on analyzing the core factors affecting Vietnam's trade balance in the context of global value chain accession. The author uses Bound-Testing method and ARDL model with data from 1990 to 2018 to identify factors affecting Vietnam's trade balance. The results show that, in the long term, Vietnam’s trade balance is affected by factors – ranked from the highest to the lowest – as follows: real GDP of trading partners; Vietnam’s real GDP; multilateral effective exchange rate; foreign added value in Vietnam's exported goods and FDI capital into Vietnam. From these important findings, the author proposes some implications for policymakers so as to improve the trade balance in the context of deeper participation in the global value chain.

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The Changing Patterns of North Korea’s International Film Co-Productions Since the 1980s: A Global Value Chain Approach

European Journal of Korean Studies ◽

10.33526/ejks.20201902.83 ◽

2020 ◽

pp. 83-108

Author(s):

Moon Hwy-Chang ◽

Wenyang Yin

Keyword(s):

Value Chain ◽

North Korea ◽

Film Industry ◽

International Standards ◽

The Political ◽

Global Value Chain ◽

Comprehensive Understanding ◽

Changing Patterns ◽

Film Productions

Although North Korea is one of the most closed countries in the world, it has long been pursuing international cooperation with other countries in order to upgrade the quality of its film industry to international standards. Preceding studies on this topic have mainly focused on the political influences behind filmmaking in general and very few studies have exclusively dealt with North Korea’s international co-productions. In this respect, in order to develop a comprehensive understanding of the internalization strategy of North Korea’s film productions, this paper uses the global value chain as a framework for analysis. This approach helps understand the internationalization pattern of each value chain activity of film co-productions in terms of the film location and the methods for collaborating with foreign partners. By dividing the evolution of North Korea’s international co-productions into three periods since the 1980s, this paper finds that although North Korea has shown mixed results with different aspects of the film value chain, it has generally improved its internationalization over the three periods. This paper further provides strategic directions for North Korea by learning some of the successful Chinese experiences in the film sector regarding collaboration with foreign partners—to foster a win-win situation for all involved parties.

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