Building the Global Value Chain Dominated by Chinese Enterprises under the “One Belt One Road” Proposal

This volume offers a bottom-up view of transborder informal exchanges across Asia and Eurasia and analyses their contention with the stateorchestrated One Belt One Road initiative. We argue that informal connectivity has a distinct logic and set of rules in terms of its organization, operation, and transactions. It constitutes a third way of globalization, alongside market-driven neoliberalism and state-led regionalism. The three modes of globalization differ in terms of the nature of actors, types of activities, rules of exchange, roles of the state, and major risks involved. Their clash and mesh prompt us to rethink the agency of global expansion, the nature of world city networks, and the linkage to the global value chain.

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Financial Constraints, Trade Mode Transition, and Global Value Chain Upgrading of Chinese Firms

Sustainability ◽

10.3390/su11174527 ◽

2019 ◽

Vol 11 (17) ◽

pp. 4527 ◽

Cited By ~ 1

Author(s):

Lin Chen ◽

Sumei Luo ◽

Tian Zhao

Keyword(s):

Value Chain ◽

Financial Constraints ◽

Empirical Studies ◽

Value Added ◽

Economic Transformation ◽

Global Value Chain ◽

Firm Level ◽

Chinese Enterprises ◽

Chinese Banks ◽

Level Production

China is facing the serious problem of ‘low-end locking’ in the global value chain as it becomes deeply integrated into world trade. Deciphering how to upgrade Chinese enterprises’ positions in the global value chain is crucial to China’s economic transformation and sustainable development. This study explores the feasibility of upgrading China’s global value chain from the perspective of financial constraints. Based on a theoretical framework, this study applies firm-level production data and trade data, using a documented method of measuring domestic value added at the firm level. Besides, we apply three methods to comprehensively measure the financial constraints faced by enterprises. In our study, we verify the findings of previous empirical studies that reducing financial constraints can significantly increase enterprises’ domestic value added, and this conclusion remains valid after considering various robustness tests. Our heterogeneity analysis indicates that easing financial constraints can significantly contribute to Chinese private enterprises’ upgrade in the global value chain, which could be related with “ownership discrimination” of Chinese banks. Finally, this study analyses the two mechanisms by which relaxing financial constraints could promote global value chain upgrading: (i) directly transfer enterprises’ trade mode from processing trade to general trade and (ii) allowing enterprises to climb up in the global value chain.

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Competitiveness, Manufacturing and Infrastructure: The Asian Paradigm

Journal of Development Policy and Practice ◽

10.1177/2455133321994210 ◽

2021 ◽

pp. 245513332199421

Author(s):

Jyotsna Joshi

Keyword(s):

Development Strategy ◽

Emerging Economies ◽

Value Chain ◽

Global Value Chain ◽

World Economic Forum ◽

Holistic View ◽

Asian Economies ◽

World Economic ◽

The One ◽

East Asian Economies

Emerging Asian economies are at the cusp of marking a structural shift from being factor driven to the one driven by efficiency. This is translated into their actions towards strategising their growth drivers so as to achieve factor-based efficiency through industrial infrastructure creation, namely MSME clusters, economic corridors, economic cities, infrastructure enablers and logistics hub. While the traditional tenets of competitiveness are based on building competitive advantage in manufacturing of certain products and their integration in the global value chain, this article builds upon the concept of competitiveness as a function of its constituent pillars as defined by the World Economic Forum. The objective of this article is to present a holistic view on the constituent pillars of competitiveness that have contributed maximum to the increased per capita GDP and trade for East Asian economies. Through an examination of select countries as case studies and studying their development through time, this article presents policymakers with strategies that can be used for designing manufacturing development strategy for emerging economies.

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LA CADENA GLOBAL DE VALOR EN LA INDUSTRIA ELECTRÓNICA

Investigación Económica ◽

10.22201/fe.01851667p.2018.304.66402 ◽

2018 ◽

Vol 77 (304) ◽

pp. 135

Author(s):

Josep Lladós Masllorens ◽

Antoni Meseguer Artola ◽

Jordi Vilaseca Requena

Keyword(s):

Value Chain ◽

Electronics Industry ◽

Global Scale ◽

Global Value Chain ◽

Input Output ◽

Production And Distribution ◽

Distribución Geográfica ◽

The One ◽

Organization Of Production ◽

Trade And Investment

RESUMENLas cadenas globales de valor son uno de los elementos más paradigmáticos de la transformación del comercio y la inversión internacional. La industria electrónica es un caso representativo de una actividad integrada globalmente que ha configurado un ecosistema de complejidad creciente. Utilizando una aproximación basada en el uso de las tablas input-output se infiere la naturaleza de los cambios experimentados en la organización internacional de la producción, atendiendo a la distribución geográfica y factorial del valor generado en cada una de las fases productivas por cada uno de los países participantes en la cadena de producción. Por un lado, se confirma que el grado de fragmentación productiva ha aumentado crecientemente, al tiempo que el nodo de Asia oriental se reestructura alrededor de China y se configura como el principal generador de valor en el sector, con una interacción creciente a escala global. Finalmente, se pone de manifiesto un proceso de intensa sustitución factorial en favor del capital y el trabajo más cualificado. THE GLOBAL VALUE CHAIN IN THE ELECTRONICS INDUSTRYABSTRACTGlobal value chains are one of the most paradigmatic elements of the transformation of international trade and investment. The electronics industry is a characteristic example of a globally integrated activity that has shaped an ecosystem of increasing complexity. Using a methodology based on input-output tables, we infer the essence of the changes experienced in the international organization of production, taking into account the geographical and factorial distribution of the value generated by each member in every stage of the production and distribution processes. On the one hand, it is confirmed that the degree of outsourcing has increased. On the other, that the East Asian pole organized around China has become the main source of value for the industry, with an increasing interaction on a global scale. Finally, it reveals a process of intense factorial substitution in favour of capital and high-skilled labour.

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Buckling up the One Belt One Road (OBOR) Initiative: Intentions of China and Ramifications for India

FOCUS Journal of International Business ◽

10.17492/focus.v5i01.13136 ◽

2018 ◽

Vol 5 (01) ◽

Author(s):

S P Sharma ◽

Rohit Singh

Keyword(s):

Value Chain ◽

Production Lines ◽

One Belt One Road ◽

The Us ◽

The World ◽

The Future ◽

Salient Features ◽

The One

One Belt One Road (OBOR) is essentially a Chinese initiative to move up the value chain and to deal with its problems of overproduction of cement, steel and other products. It wants to shed its image as a nation producing cheap products and wants to instead compete with the US, Europe, Japan and Taiwan as a nation, which produces quality goods. Hence it wants to shift its production lines to cheaper countries on the OBOR route to deal with rising wages within its own country. This paper has made an attempt to throw light on the Chinese OBOR project by explaining its salient features. It then goes on to briefly describing as to what the OBOR project means for India. In it, it deals with the perceptions of countries vital to China, viz. Pakistan and China. It then goes on to discuss about the ways and means by which India is and can counter OBOR in the future including India’s measures taken in cooperation with various nations and partners. Finally, the paper concludes by laying down recommendation on what would be the best way for India to tackle OBOR and at the same time live the Indian dream and in fact even make the world to do the same.

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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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