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SUMMARY:A Global Value Chain Approach to Emerging Market Catch-up - Profes
 sor Ram Mudambi\, Temple University\, USA
DTSTART:20120921T080000Z
DTEND:20120921T084500Z
UID:TALK39148@talks.cam.ac.uk
CONTACT:Jo Griffiths
DESCRIPTION:Part of the Cambridge International Manufacturing Symposium "C
 apturing Value in International Manufacturing and Supply Networks – new 
 models for a changing world"\n\nValue chain analysis is an innovative tool
  that views economy in terms of activities\ninstead of its constituent ind
 ustries and firms (Mudambi\, 2008). The value chain\napproach analyses\, a
 t the sector level\, each link in the ‘chain of activity’ — from the
 \nideation of the product or service to its post-use disposal.1 A value ch
 ain for any product\nor service consists of a number of inter-linked activ
 ities extending from upstream R&D\,\nto raw materials and component supply
 \, production\, through delivery to international\nbuyers\, and often beyo
 nd that to disposal and recycling.\n\nGlobal Value Chains (GVCs) are part 
 and parcel of international trade and have\nexisted as long as there have 
 been trade relations between countries. However\, two\nfundamental trends 
 have arisen over the last few decades that have changed the\ncharacteristi
 cs of GVCs in fundamental ways. First\, the advance of technology\, especi
 ally\ninformation technology has enabled firms to re-configure themselves 
 in very basic ways\nso that they can now outsource activities deep in the 
 heart of the firm with surgical\nprecision and focus on activities where t
 hey have superior competencies. Second\, the\nnumber of locations where su
 ch activities can be undertaken has risen dramatically over\nthe last two 
 decades with the increasing sophistication of infrastructure and other\nre
 sources in a wide range of emerging markets.\n\nIn this presentation\, we 
 apply GVC analysis to Chinese data to examine the extent\nof economy-wide 
 catch-up. Using this approach we find that catch-up is significantly less\
 nadvanced than simple output-based measures indicate.\n\n
LOCATION:Moller Centre\, Cambridge
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