Download or read book Decoding China s Export Miracle A Global Value Chain Analysis written by Yuqing Xing and published by World Scientific. This book was released on 2021-03-17 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: In less than three decades, China has emerged as the world's largest exporting nation with more than $2 trillion exports annually. China's quick rise as a leading exporter in the world is an unprecedented miracle. There are many theories explaining this miracle. This book adopts the global value chain (GVC) approach to analyze the Chinese export miracle over the last four decades. It focuses on the tasks rather than the gross export value and emphasizes the organizations of modern trade rather than the national comparative advantage. The GVC approach systematically explains how, in less than four decades China has evolved from a closed economy to the world's No. 1 exporting nation; why China, a developing country, has exported more high-technology products than labor-intensive products to the US; and why almost half of the US trade deficit has originated from China.The book identifies three spillover effects of GVCs that originated from brands, technology and product innovation, and distribution and retail networks of GVCs lead firms. It argues that China's deep integration with GVCs has been a decisive factor for China's emergence as the world's No.1 exporting nation and the champion of high-technology exports. In addition, this book uses iPhone trade and the operation of Apple, the largest factory-less American manufacturer, to explain how current trade statistics exaggerate China's exports to and its trade surplus with the US on the one hand, and underestimate US exports on the other hand.By using the experience of the Chinese mobile phone industry, the book argues that the GVC strategy can be a short-cut for developing countries to achieve industrialization and enable firms of developing countries to enter high-technology sectors despite their intrinsic disadvantages. At this end, the book also discusses the future trajectory of China-centered GVCs under the shadow of the US-China trade war and the COVID-19 pandemic.

Download or read book China and Global Value Chains written by Yutao Sun and published by Routledge. This book was released on 2017-12-15 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: President Trump has raised the intriguing question of bringing the manufacturing of companies like Apple back from China to the U.S. This book, however, argues that in this age of the knowledge-based economy and increased globalization, that value creation and distribution based on knowledge and innovation activities are at the core of economic development. The double-edged sword of globalization has transformed China’s economic development in the past few decades. Although China has benefitted from globalization and is now the second largest economy in the world, having become a global manufacturing power and the biggest exporter of high-tech products, it continues to be highly dependent on foreign sources of capital and technology. This book will explore the core of the Chinese economy from the perspective of the Global Value Chain (GVC), combining analysis of inward investment, international trade, Science and Technology and Innovation (S&TI) and economic development. Specifically, it investigates China’s evolving role in GVCs with some innovative Chinese companies emerging in the global market and China’s ongoing efforts to become an innovation-driven economy. China’s impressive economic record and experience provides an impressive role model for other developing countries.

Download or read book China s move up the value chain written by and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the U.S. economy stalled and the Eurozone ensnared in sovereign debt crisis, there are increasing calls for Canada to engage more deeply with China and other emerging economies to counterbalance the weakness evidenced in those traditional trading partners. Indeed, two-way trade and investment flows between the two countries have been growing rapidly, albeit from a low base. If Canada is to benefit, however, from booming demand in mainland China, a break in the current pattern of bilateral trade, investment and diplomatic ties will be needed. In the longer term, it is the active involvement of Canadian firms in more value-added manufacturing and service global supply chains, rather than a narrow focus on boosting exports of energy commodities, that will allow Canada to better reap and balance the gains from globalization.

Download or read book Geopolitics Supply Chains and International Relations in East Asia written by Etel Solingen and published by Cambridge University Press. This book was released on 2021-05-06 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible overview of political, economic, and strategic dimensions of global supply chains in a changing global political economy.

Download or read book Moving Up the Value Chain in Manufacturing for China written by Miaojie Yu and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ongoing upgrading of value chain in China's manufacturing leads China toward a middle-income country. The paper first examines the performance and technological upgrading between and within China's manufacturing since 1978. By using the highly disaggregated trade data and Chinese firm-level production data, I find that, with the increasing level of export sophistication and a deeper global vertical integration, Chinese manufacturing firms experience a fast growth of productivity in the new century. In addition to trade, FDI and outsourcing, industrial policies for processing trade and innovation are also the fundamental driving forces to drive China's upgrading of its value chain. My analysis suggests that China should insist on its trade-oriented development strategy to avoid the possible upper-middle income-country trap in the near future.

Download or read book China s Move Up the Value Chain written by Daniel Poon and published by . This book was released on 2012 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the U.S. economy stalled and the Eurozone ensnared in sovereign debt crisis, there are increasing calls for Canada to engage more deeply with China and other emerging economies to counterbalance the weakness evidenced in those traditional trading partners. Indeed, two-way trade and investment flows between the two countries have been growing rapidly, albeit from a low base. If Canada is to benefit, however, from booming demand in mainland China, a break in the current pattern of bilateral trade, investment and diplomatic ties will be needed. In the longer term, it is the active involvement of Canadian firms in more value-added manufacturing and service global supply chains, rather than a narrow focus on boosting exports of energy commodities, that will allow Canada to better reap and balance the gains from globalization.

Download or read book China s Changing Trade and the Implications for the CLMV written by Mr.Koshy Mathai and published by International Monetary Fund. This book was released on 2016-09-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s trade patterns are evolving. While it started in light manufacturing and the assembly of more sophisticated products as part of global supply chains, China is now moving up the value chain, “onshoring” the production of higher-value-added upstream products and moving into more sophisticated downstream products as well. At the same time, with its wages rising, it has started to exit some lower-end, more labor-intensive sectors. These changes are taking place in the broader context of China’s rebalancing—away from exports and toward domestic demand, and within the latter, away from investment and toward consumption—and as a consequence, demand for some commodity imports is slowing, while consumption imports are slowly rising. The evolution of Chinese trade, investment, and consumption patterns offers opportunities and challenges to low-wage, low-income countries, including China’s neighbors in the Mekong region. Cambodia, Lao P.D.R., Myanmar, and Vietnam (the CLMV) are all open economies that are highly integrated with China. Rebalancing in China may mean less of a role for commodity exports from the region, but at the same time, the CLMV’s low labor costs suggest that manufacturing assembly for export could take off as China becomes less competitive, and as China itself demands more consumption items. Labor costs, however, are only part of the story. The CLMV will need to strengthen their infrastructure, education, governance, and trade regimes, and also run sound macro policies in order to capitalize fully on the opportunities presented by China’s transformation. With such policy efforts, the CLMV could see their trade and integration with global supply chains grow dramatically in the coming years.

Download or read book World Development Report 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-19 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.

Download or read book Staying Competitive in the Global Economy written by and published by Org. for Economic Cooperation & Development. This book was released on 2007-06-11 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report brings together OECD data on the globalisation of value chains, including the rise of outsourcing/offshoring.

Download or read book China In Global Value Chains Opening Strategy And Deep Integration written by Bin Liu and published by World Scientific. This book was released on 2022-10-04 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: International trade in the 21st century is characterized by the emergence and development of Global Value Chains. With the reform and opening-up deepening, China has become an important participant and practitioner of global value chains, a staunch supporter and defender of the multilateral trading system, and a contributor to and beneficiary of economic globalization. This book provides an insightful analysis of the pathways for China to upgrade in global value chains based on the country's opening strategy from the perspectives of tariff, trade facilitation, foreign direct investment, outward direct investment, opening-up of the service industry, and servitization in the manufacturing industry. It also offers best practices for theoretical and empirical studies in global value chains with sophisticated and widely-used econometric methods.

Download or read book Staying Competitive in the Global Economy Moving Up the Value Chain written by OECD and published by OECD Publishing. This book was released on 2007-05-29 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains are radically altering how goods and services are produced--parts made in one country, for instance, are increasingly assembled in another and sold in a third. The globalisation of production has changed the industrial structure ...

Download or read book China s Next Strategic Advantage written by George S. Yip and published by MIT Press. This book was released on 2017-09-15 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: A book for everyone who does business with China or in China. The history-making development of the Chinese economy has entered a new phase. China is moving aggressively from a strategy of imitation to one of innovation. Driven both by domestic needs and by global ambition, China is establishing itself at the forefront of technological innovation. Western businesses need to prepare for a tidal wave of innovation from China that is about to hit Western markets, and Chinese businesses need to understand the critical importance of innovation in their future. Experts George Yip and Bruce McKern explain this epic transformation and propose strategies for both Western and Chinese companies. This book is for everyone who does business with China or in China, or is interested in the development of the world's fastest-growing economy. Western CEOs can learn from Chinese companies and can create an effective innovation process in China, for China and the world. Chinese CEOs can benefit from understanding the strategies of their peers as they strive to enter foreign markets. And all Western businesses should prepare for disruption from their new competitors. Yip and McKern provide case studies of successful firms, outline ten ways in which the managerial and innovative capabilities of these firms differ from those of Western firms, and describe how multinationals doing business in China can become part of the Chinese ecosystem of new knowledge and technology. Yip and McKern argue that these innovation capabilities will be the basis for creating world-class products and services to meet the challenges of a new era of global competition.

Download or read book Quantifying the Spillovers from China Rebalancing Using a Multi Sector Ricardian Trade Model written by Rui Mano and published by International Monetary Fund. This book was released on 2016-11-27 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the spillovers from different facets of China rebalancing using a calibrated Ricardian trade model that includes 41 economies, each consisting of 34 sectors. We find that China’s move up the value chain in particular has the potential for signficant spillovers – on the one hand, adversely affecting industrialized economies heavily involved in the Asia value chain, while at the same time generating positive spillovers to lower and middle income countries. The model’s strength lies in endogenously capturing production value chains and international trade of goods across sectors.

Download or read book The Epic Split Why Made in China Is Going Out of Style written by Johan Nylander and published by . This book was released on 2020-09-16 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Concise, and highly entertaining."- Louis-Vincent Gave, CEO Gavekal Research "The Epic Split is packed full of great insights and anecdotes."- Rob Carnell, Chief Economist, Asia-Pacific, ING Bank "Essential reading."- Risto E J Penttilä, Secretary General, European Business Leaders' ConventionThis book is about the greatest break-up the world has ever seen.The conflict between the world's two biggest economies is far from being just about trade. It's a fierce and escalating battle between two ideologies. If the past decades were characterized by globalization, the next may well be all about decoupling: the disintegration of the relationship between the US and China. Companies are leaving China, no question. And consumers around the world say they prefer products not made there. It's clear that 'Made in China' is going out of fashion. However, this is not a book about the world going up in flames. It's about change and opportunities.For China, the conflict has given new urgency to the need to modernize its economy and become more self-reliant in technology. For international companies and for governments around the world, it has been a wake-up call to cut dependency on Chinese supply chains, against a backdrop of rising consumer skepticism toward China. The world's biggest maker of mobile phones, Samsung Electronics, recently closed down its last factory in China. More will follow. "Nylander does a superb job of unpacking the state of decoupling between US and China"- Paul Triolo, head of geotechnology at Eurasia Group"It was a pure pleasure reading his book. Highly relevant - and elegant."- Ulf Ohrling, founder and director Ohrling Advisory Ltd

Download or read book Measuring and Analyzing the Impact of GVCs on Economic Development written by World Trade Organization and published by World Trade Organization. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is about a huge contribution to our deepening understanding of what the global economy really means and how it is changing. The report helpfully distinguishes elements of an economy that are tradable and the large set that are non-tradable. Clearly the tradables set is expanding with the support of enabling technology. The report argues that connectivity in the networks that define the evolving architecture of GVCs is important. This Global Value Chain Development Report is the result of intensive and detailed work in assembling and analyzing data on the structure of economies and on how they are linked. It creates a much clearer picture of evolving patterns of independence. It also presents a much clearer picture of comparative advantage. --Publisher description.

Download or read book The Shifting Structure of China s Trade and Production written by Li Cui and published by . This book was released on 2009 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses disaggregated trade data to assess how the expansion of China's production capacity and its changing production structure may be affecting its trade linkages with other countries. It finds that China is moving away from traditional assembly operations in its processing activities and its exports have started to rely more on domestically sourced components. In turn, China's imports and exports have begun to delink, with increased domestic sourcing contributing to the recent increase in its trade balance. In addition, as China moves up the value chain, both its imports and exports have become more sophisticated than in the past. As a result of these shifts, China may be becoming more exposed to fluctuations in the strength of the global economy, and changes in its exchange rate could have a bigger impact on the trade balance and the domestic economy than commonly believed.

Download or read book China s Qualitative Economic Transformation written by Xianming Yang and published by Springer Nature. This book was released on 2023-03-08 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the challenges China has faced during its economic restructuring, including trade wars, rising costs of labor and land, climate change, recalcitrant state-owned enterprises, an aging population and other problems. Since its historic reform and opening up, China has achieved and sustained remarkable economic growth driven primarily by manufacturing and the real estate industry. As the country continues to move up the supply chain, "Made in China," once synonymous with poor quality, but has come to mean advanced technologies. China’s future economic growth and its success in economic restructure will depend crucially on the dynamic evolution of the country’s comparative advantages. Contributors examine how the dynamic evolution of China’s comparative advantages can help the country overcome two closely related problems: heavy dependence on low value-added exports and the prospects of falling into the middle-income trap. The book will be of value to researchers interested in China’s economic development and policies.