International value chains : opportunities and challenges for small and developing countries
Franssen, Loe (2015) International value chains : opportunities and challenges for small and developing countries. Fraser of Allander Economic Commentary, 39 (2). pp. 101-111. ISSN 2046-5378
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Abstract
While internationalisation can improve firm performance, it is often only the most productive firms that are able to internationalise (Wagner, 2005, 2012; Melitz, 2003). Recent reductions in transportation costs and trade barriers alongside technological advances have fragmented production into intermediate tasks that can be executed in several countries, creating international value chains (IVCs). These IVCs can act as a stepping stone for less productive firms to tap into international markets, and benefit from learning-by-doing, without taking on all the tasks in the value chain, thereby lowering the entry requirements for internationalisation associated with exports (OECD, 2008). This article examines the opportunities and challenges of IVCs for SMEs in small and developing countries and, in a final section, applies some of these lessons to Scotland.
ORCID iDs
Franssen, Loe ORCID: https://orcid.org/0000-0003-1690-8788;-
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Item type: Article ID code: 54774 Dates: DateEventNovember 2015PublishedSubjects: Social Sciences > Economic Theory Department: Strathclyde Business School > Economics
Strathclyde Business School > Fraser of Allander InstituteDepositing user: Pure Administrator Date deposited: 11 Dec 2015 01:34 Last modified: 17 Oct 2024 00:23 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/54774