Edited by Stefano Ponte, Gary Gereffi and Gale Raj-Reichert
Chapter 31: Industrialization paths and industrial policy for developing countries in global value chains
Structural transformation to higher productivity and value-added activities remains a key objective for developing countries. Industrial policy has historically had an important role in supporting such transformation processes. Today, the external context is fundamentally different with the rise of global value chains (GVCs). This requires a reconceptualization of how GVCs shape industrialization paths and industrial policy options in developing countries. The chapter does this by (1) providing a critical discussion of opportunities and challenges for industrialization in developing countries related to the rise of GVCs; (2) highlighting the importance of different GVC types and of the contested nature of upgrading; and (3) stressing industrial policy implications relating to the importance of connecting to and leveraging lead firms, of thinning, stretching and thickening in different GVC types and integration phases, of strategically linking global, regional and domestic markets, and of building locally embedded productive capacities.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.