Risks and Opportunities of Participation in Global Value Chains
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Risk is inherent to the pursuit of opportunity. This paper surveys the recent literature and looks at the risks and opportunities firms and their workers face in the global value chains. First, it examines the risk-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 in the participation of global value chains.
Published Version (Please cite this version)10.7172/2353-6845.jbfe.2015.2.4
Publication InfoGereffi, Gary; & Luo, X (2015). Risks and Opportunities of Participation in Global Value Chains. Journal of Banking and Financial Economics, 2(4). pp. 51-63. 10.7172/2353-6845.jbfe.2015.2.4. Retrieved from https://hdl.handle.net/10161/10921.
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Professor Emeritus of Sociology
Gary Gereffi's major ongoing research projects are: (1) a book (co-authored with Frederick Mayer) on the uptake of the global value chain paradigm by major international organizations in the economic and social development arena; (2) a forthcoming co-edited volume with Valentina De Marchi and Eleonora Di Maria on Local Clusters in Global Value Chains: Linking Actors and Territories Through Manufacturing and Innovation (Routledge, 2017); (3) work with the World Bank and the Inter-Ame