Risks and Opportunities of Participation in Global Value Chains

Risk is inherent to the pursuit of opportunity. This paper draws on the recent literature and looks at the risks and opportunities firms and their workers face in the global value chains. First, it examines the sharing mechanisms that firms provide from the national and global perspectives; second,...

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Bibliographic Details
Published in:	Journal of Banking & Financial Economics Vol. 4; no. 2; pp. 51 - 63
Main Authors:	Gereffi, Gary, Luo, Xubei
Format:	Journal Article
Language:	English
Published:	Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego 2015 University of Warsaw Faculty of Management Press
Subjects:	Financial Markets National Economy Social Sciences global value chains social upgrading Risk global recession economic upgrading
Online Access:	Get full text
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Summary:	Risk is inherent to the pursuit of opportunity. This paper draws on the recent literature and looks at the risks and opportunities firms and their workers face in the global value chains. First, it examines the sharing mechanisms that firms provide from the national and global perspectives; second, it takes a closer look at the new opportunities and challenges for firms and individuals in the global arena; third, it discusses the role of economic upgrading and social upgrading; and finally it sheds light on how the government can help people manage risks and reap the benefits of participation in global value chains.
ISSN:	2353-6845