The Impact of Global Value Chain and FDI on International Trade

international trade;foreign direct investment;global value chains (GVCs);value-added;value chain segmentation;global production network;382

국제대학원 국제학과(국제통상전공) ;

University:서울대학교 대학원

关键词: international trade;    foreign direct investment;    global value chains (GVCs);    value-added;    value chain segmentation;    global production network;    382;   

Others  :  http://s-space.snu.ac.kr/bitstream/10371/129254/1/000000013785.pdf

美国|英语

来源: Seoul National University Open Repository

【 摘 要 】

What role does the value chain management play in the international economy, and what kind of impacts does it have on the world trade patterns? Which aspect would be influenced the most, and what kind of policy implications can nations take from it? By implementing a commonly used perspective in strategic management to analyze international trade movements, this paper surveys recent trade literature on global value chains paying particular attention to the role of foreign direct investment. The literature argues that capital inflow in the form of foreign direct investment encourages growth, and now that value chain segmentation has become a general tendency in most of major industries, foreign direct investment has turned out to be an even more fundamental aspect for a country to enter to the next step of economic level. Empirical evidence on the scope of value chain segmentation in international trade provides an interesting trend, and based on this analysis, this study tries to propose an eclectic model that facilitates major elements of global trade environment.