Innovation and Competitiveness in the Copper Mining Global Value Chain: Developing Local Suppliers in Peru

2021 ◽  
Author(s):  
Karina Fernandez-Stark
Keyword(s):  
Data Analysis ◽  
Best Practices ◽  
Value Chain ◽  
Critical Mass ◽  
Innovation System ◽  
Mining Industry ◽  
Coordination Mechanisms ◽  
Copper Mining ◽  
Global Value Chain ◽  
The World

Peru is the second largest producer and exporter of copper in the world. However, the countrys sector has weak background linkages and the emergence of innovative suppliers able to provide high-value products and services is still incipient. This article explores the opportunities to leverage Perus international positioning in the mining industry to foster the development and innovation capacities of local suppliers. Based on data analysis and interviews with local industry stakeholders, this research--which uses the global value chain framework--finds that the incorporation of a larger number of high-value local suppliers into the copper value chain is limited by weaknesses in the national innovation system. In addition to this, it notes that the national copper policy places little emphasis in the need to innovate and add value. In order to generate a critical mass of strong and innovative suppliers, Peru must create solid institutions and coordination mechanisms to develop the sector. At the same time, it should favor the insertion of domestic suppliers into the value chain and incentivize these to innovate and scale. The article presents recommendations in these areas, as well as best practices from other mining countries that have successfully overcome these challenges.

Propagation of the Effects of China’s Changing Economic Development Model to the Rest of the World

Economica ◽  
2021 ◽  
Author(s):  
Marina Soloviova ◽  
Keyword(s):  
Value Chain ◽  
Relative Reduction ◽  
Global Value Chain ◽  
Upward Movement ◽  
Financial Flows ◽  
Goods And Services ◽  
The World ◽  
Current Account Imbalances ◽  
Economic Development Model ◽  
China’S Economy

This paper tackles the potential effects of the fundamental changes that China’s economy is undergoing on the rest of the world. Thus, a range of effects in the development of China’s imports of goods and services can have on other countries were identified, in terms of China’s switching from investment to consumption and from manufacturing to services and innovations, as well as in exports, in the light of China’s upward movement within the global value chain. The spread of effects via the financial channel is examined for direct investment and external loans, with an emphasis on changes in both the size of financial flows and the motivation of Chinese investors. The emerging trend of relative reduction in China’s foreign exchange reserves, as well as the potential effects of the yuan’s internationalization going forward in terms of diminishing global current account imbalances were evaluated.

Challenges for Vietnam in the Globalization Era

2018 ◽  
Vol 9 (1) ◽  
Author(s):  
Dong Phong Nguyen ◽  
Viet Tien Ho ◽  
Xuan Vinh Vo
Keyword(s):  
Economic Growth ◽  
Value Chain ◽  
Global Economy ◽  
Global Value Chain ◽  
Domestic Markets ◽  
Wide Range ◽  
The World ◽  
Growth Prospects ◽  
Economic Slowdown ◽  
Emerging And Developing Countries

Abstract Emerging and developing countries around the world are playing an increasingly important role in the global economy. They move up in the global value chain very quickly. However, these countries constantly facing a plethora of challenges covering a wide range of issues. This paper addresses some key challenges confronting Vietnam economy which potentially deteriorate its economic growth prospects. These include economic slowdown, credit booming, the rise of protectionism around the world, and risk from greater opening of the domestic markets. Addressing these challenges are important for Vietnam to maintain its comparative advantage and foundation for economic growth.

scholarly journals Competitive Conditions in Global Value Chain Networks: An Assessment Using Entropy and Network Analysis

Entropy ◽  
2020 ◽  
Vol 22 (10) ◽  
pp. 1068 ◽  
Author(s):  
Georgios Angelidis ◽  
Evangelos Ioannidis ◽  
Georgios Makris ◽  
Ioannis Antoniou ◽  
Nikos Varsakelis
Keyword(s):  
Value Chain ◽  
Value Added ◽  
Value Chains ◽  
Global Value Chain ◽  
Degree Centrality ◽  
Sector Structure ◽  
Input Output ◽  
Weighted Degree ◽  
The World ◽  
Weighted Degree Centrality

We investigated competitive conditions in global value chains (GVCs) for a period of fifteen years (2000–2014), focusing on sector structure, countries’ dominance and diversification. For this purpose, we used data from the World Input–Output Database (WIOD) and examined GVCs as weighted directed networks, where countries are the nodes and value added flows are the edges. We compared the in-and out-weighted degree centralization of the sectoral GVC networks in order to detect the most centralized, on the import or export side, respectively (oligopsonies and oligopolies). Moreover, we examined the in- and out-weighted degree centrality and the in- and out-weight entropy in order to determine whether dominant countries are also diversified. The empirical results reveal that diversification (entropy) and dominance (degree) are not correlated. Dominant countries (rich) become more dominant (richer). Diversification is not conditioned by competitiveness.

scholarly journals Capitalist crisis in the “age of global value chains”

2021 ◽  
pp. 0308518X2110067
Author(s):  
Jennifer Bair ◽  
Mathew Mahutga ◽  
Marion Werner ◽  
Liam Campling
Keyword(s):  
Value Chain ◽  
Global Value Chains ◽  
Value Chains ◽  
Global Value Chain ◽  
Modernization Theory ◽  
World Development Report ◽  
Neoliberal Globalization ◽  
Academic Literature ◽  
The World ◽  
World Development

In this article, we analyze the strategies, surprises, and sidesteps in the World Bank’s 2020 World Development Report, Trading for Development in the Age of Global Value Chains. Strategically, the Report promotes an expansion of neoliberal globalization couched in the language of global value chains. Curiously detached from the broader academic literature on global value chains in international trade, it promotes a sequentialist vision of global value chain upgrading that evokes the stagism of classic modernization theory. The authors sidestep important issues, such as China's pivotal role in the landscape of global trade, and are largely silent on others, including climate change. Significantly and somewhat surprisingly, given the general endorsement of global value chain integration, the Report acknowledges negative distributional trends associated with the rise of global value chains, including the excessive benefits reaped by “superstar firms” and the now well-documented decline in labor's income share. These observations are not reflected in the document's policy section, however, where the World Development Report largely recapitulates familiar prescriptions, with the threat of nationalist populism and rising protectionism providing a new bottle for this old wine. Drawing on a range of literature including United Nations Conference on Trade and Development's 2018 Trade and Development Report, we highlight not only the limits of the Bank's adherence to an increasingly embattled orthodoxy, but also the necessary starting points for a more useful discussion of the merits, limits, and future of global value chains.

The Economic Impacts of COVID-19 on the Tourism Global Value Chain

2021 ◽  
pp. 92-114
Author(s):  
Maha Mohamed Elhini ◽  
Dina Kafafy
Keyword(s):  
Theoretical Analysis ◽  
Economic Impact ◽  
Value Chain ◽  
Global Economy ◽  
Economic Impacts ◽  
Supply And Demand ◽  
Global Value Chain ◽  
Tourism Sector ◽  
Health Factors ◽  
The World

The purpose of this chapter is to examine the economic impacts of the COVID-19 pandemic on the tourism global value chain (GVC). Theoretical analysis revealed that being triggered by health factors, the coronavirus pandemic exerted an unprecedented shock on both the supply and demand sides of the tourism sector and the global economy. This resulted in implications that are more severe and less predictable than earlier crises that the world had witnessed. Analysis of the economic impact on various components of the tourism GVC revealed that measures adopted by world governments to protect their citizens resulted in massive damage to tourism related industries and to the global economy. The chapter concludes by predicting that the consequences of the current pandemic will inevitably give rise to new, more innovate tourism models, responding to the changing global economic and tourism landscape and to the change in consumers' characteristics and expectations.

Water Service Requirements for Agriculture

2018 ◽  
pp. 116-136
Author(s):  
Carl Hausmann
Keyword(s):  
Food Security ◽  
Value Chain ◽  
Virtual Water ◽  
Environmental Services ◽  
Global Value Chain ◽  
Agriculture Policy ◽  
Global Food Security ◽  
The World ◽  
Global Food ◽  
Broad Understanding

Commodity traders deal in grain and their derivatives. But the water consumed to produce these grains is also an intrinsic part of the transaction. Virtual water is a useful concept for traders, academics, and agriculture policy experts so that we all think more deeply about the consequences of what is produced and in which water basin.1 Environmental services, including most notably water, are being stressed in many parts of the world, yet are still plentiful in others. Optimizing the use of the planet’s environmental services to produce the food necessary for global food security requires a smart and global value chain that needs a broad understanding of water from all actors in this value chain.

Promoting Foreign Direct Investment in the Indo-Pacific Region: Scope and Opportunities

2019 ◽  
Vol 75 (4) ◽  
pp. 490-509
Author(s):  
Durairaj Kumarasamy ◽  
Prabir De
Keyword(s):  
Foreign Direct Investment ◽  
Foreign Investment ◽  
Value Chain ◽  
Direct Investment ◽  
Multinational Firms ◽  
Global Value Chain ◽  
Pacific Region ◽  
International Sourcing ◽  
The World ◽  
Investment Barriers

Indo-Pacific construct has picked up a motivating pace in recent years. Several countries across the world have shown their interest in joining the Indo-Pacific region. Indo-Pacific region has been the world’s leading source and destination of foreign investment. This article analyses the trends in investment, bilateral and multilateral investment engagements and investment barriers and presents a way to promote foreign direct investment (FDI) in the Indo-Pacific region. It also examines India’s investment relations with some of the Indo-Pacific countries. Further, it looks into the inter-linkages between FDI and global value chain, given that multinational firms play a significant role in bringing international sourcing, technology sharing, and production networking across countries.

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