Global Value Chain–Oriented Policies in Latin America

Innovation, Competitiveness, and Development in Latin America(2024)

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摘要
Abstract This chapter examines global value chain (GVC)-oriented policies. It categorizes GVC-oriented policies according to four different policy objectives: participation, value capture, inclusiveness, and resiliency. The social and economic rationales for state intervention across the different types of GVC-oriented policies are compared. In addition, the chapter discusses the instruments and actions at the disposal of governments as they seek to reach their policy objectives. The chapter discusses evidence concerning the nature and functioning of these different GVC policies in the Latin American context. The trifecta of tasks, linkages, and firms explains whether and how GVC-oriented policies differ from traditional public policies. The chapter suggests that carefully-crafted GVC policies, in particular those which engage with the logic and structure of individual sectors, can be effective. This holds out the possibility of energizing growth through the realization of more local value-added, together with domestic accumulation of technological and production-centered capabilities.
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