Impacts of metal resource industry outward foreign direct investments on positions of China and the host countries in the global value chain

Trade and foreign direct investments (FDI) represent the real and the capital side of international economic integration. While Network Analysis (NA) on world trade network (WTN) is wide, few analyses describe world investment networks (WIN), since FDI data suitable for comparison are very scarce and very complex to collect. In this paper, we exploit FDI Bilateral Statistics by UNCTAD (2014), to compare WTN and WIN in the first decade of the new millennium, before and after 2008 crisis. Results show that all countries are integrated since there are few isolated economies, and unique largest components emerge confirming the complexity of global value chain. 2008 economic crisis affected WTN, but not WIN. Geography, rather than economic similarity, is crucial in defining trading connections and cohesive subgroups. WIN and WTN links are mutual in all networks, confirming that once a link is established, it is easier to maintain all commercial relations. WIN and WTN key players are USA, Germany and China for Exports, while USA and Germany for FDI. There is a positive association between couplets of WTN and WIN links, conjecturing that FDI and Exports networks could be complements, rather than substitute.

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International Economic Integration: Comparing Exports and FDI Networks in the New Millennium

International Journal of Economics and Finance ◽

10.5539/ijef.v13n11p34 ◽

2021 ◽

Vol 13 (11) ◽

pp. 34

Author(s):

Adelaide Baronchelli ◽

Teodora Erika Uberti

Keyword(s):

International Economic ◽

Economic Integration ◽

Value Chain ◽

World Trade ◽

Positive Association ◽

Foreign Direct Investments ◽

Global Value Chain ◽

Key Players ◽

Before And After ◽

New Millennium

Trade and foreign direct investments (FDI) represent the real and the capital side of international economic integration. While Network Analysis (NA) on world trade network (WTN) is wide, few analyses describe world investment networks (WIN), since FDI data suitable for comparison are very scarce and very complex to collect. In this paper, we exploit FDI Bilateral Statistics by UNCTAD (2014), to compare WTN and WIN in the first decade of the new millennium, before and after 2008 crisis. Results show that all countries are integrated since there are few isolated economies, and unique largest components emerge confirming the complexity of global value chain. 2008 economic crisis affected WTN, but not WIN. Geography, rather than economic similarity, is crucial in defining trading connections and cohesive subgroups. WIN and WTN links are mutual in all networks, confirming that once a link is established, it is easier to maintain all commercial relations. WIN and WTN key players are USA, Germany and China for Exports, while USA and Germany for FDI. There is a positive association between couplets of WTN and WIN links, conjecturing that FDI and Exports networks could be complements, rather than substitute.

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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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