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This paper analyzes the recent evolution and impact of the global economic crisis on the offshore services industry. Using a global value chains framework, the authors classify the offshore services sector in a comprehensive set of general and industry-specific activities that correspond to different segments and stages in the value-adding process for services. Through an analysis of the impact of the economic crisis on the industry, a small decline in demand was found; however this did not cause any structural changes in the market. The crisis has created two opposing effects: general contraction of demand by existing customers due to the recession; and, at the same time, a substitution effect by which new services are being moved from developed countries to emerging economies in search of cost reduction. The paper concludes that the offshore services industry will continue to offer growth opportunities for developing countries not only among existing market players, but also a range of new countries. The industry has the potential to become an important source for employment and economic growth around the globe.
Business associations --- Business intelligence --- Business models --- Business Process Outsourcing --- Business processes --- Business services --- Communication Technology --- Communities and Human Settlements --- Competitive environment --- Computer Science --- Consulting Services --- Content development --- Data Systems --- Decision makers --- Decision-making --- E-Business --- EGovernment --- Engineering services --- Housing & Human Habitats --- ICT Policy and Strategies --- Industry association --- Information and Communication Technologies --- Knowledge economy --- Private Sector Development --- Public Sector Corruption & Anticorruption Measures --- Public Sector Development --- Third-party providers --- Trade statistics --- Water and Industry --- Water Resources
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This paper analyzes the recent evolution and impact of the global economic crisis on the offshore services industry. Using a global value chains framework, the authors classify the offshore services sector in a comprehensive set of general and industry-specific activities that correspond to different segments and stages in the value-adding process for services. Through an analysis of the impact of the economic crisis on the industry, a small decline in demand was found; however this did not cause any structural changes in the market. The crisis has created two opposing effects: general contraction of demand by existing customers due to the recession; and, at the same time, a substitution effect by which new services are being moved from developed countries to emerging economies in search of cost reduction. The paper concludes that the offshore services industry will continue to offer growth opportunities for developing countries not only among existing market players, but also a range of new countries. The industry has the potential to become an important source for employment and economic growth around the globe.
Business associations --- Business intelligence --- Business models --- Business Process Outsourcing --- Business processes --- Business services --- Communication Technology --- Communities and Human Settlements --- Competitive environment --- Computer Science --- Consulting Services --- Content development --- Data Systems --- Decision makers --- Decision-making --- E-Business --- EGovernment --- Engineering services --- Housing & Human Habitats --- ICT Policy and Strategies --- Industry association --- Information and Communication Technologies --- Knowledge economy --- Private Sector Development --- Public Sector Corruption & Anticorruption Measures --- Public Sector Development --- Third-party providers --- Trade statistics --- Water and Industry --- Water Resources
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The world is in the midst of a sporadic and painful recovery from the most severe economic crisis since the 1930's' Great Depression. The unprecedented scale of the crisis and the speed of its transmission have revealed the interdependence of the global economy and the increasing reliance by businesses on global value chains (GVCs). These chains represent the process of ever-finer specialization and geographic fragmentation of production, with the more labor-intensive portions transferred to developing countries. As the recovery unfolds, it is time to take stock of the after effects and to draw
Global Financial Crisis, 2008-2009. --- International economic relations. --- International trade. --- International trade --- International economic relations --- Global Financial Crisis, 2008-2009 --- International Commerce --- Commerce --- Business & Economics --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- External trade --- Foreign commerce --- Foreign trade --- Global commerce --- Global trade --- Trade, International --- World trade --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Economic policy --- International relations --- Economic sanctions --- Non-traded goods --- Financial crises
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Providing critical insight into the globalization of product conception, production, marketing and distribution, this Handbook comprehensively explores the functioning of global value chains (GVCs) and how they shape the global economy. It provides theoretical, analytical and empirically based policy-relevant tools to understand international production and trade in the modern global economy. Written by a multidisciplinary group of leading scholars, this Handbook offers expert guidance on GVC analysis and the relationship between GVCs and governance, power relations, gender, upgrading and international development. The contributors also provide insight into strategy, innovation and learning, highlighting the dynamism and resilience of GVCs, and critically reflect on how GVCs affect inequality and the nature of work and production. Comprising empirically rich and innovative research, this Handbook will be critical reading for advanced undergraduate and master's level students interested in international business, global industries, sustainable development and the governance of global production systems. Academics researching and teaching in these fields will also benefit from this book's broad and comprehensive approach to GVC analysis.
International economic relations --- Production management --- International trade --- External trade --- Foreign commerce --- Foreign trade --- Global commerce --- Global trade --- Trade, International --- World trade --- Commerce --- Non-traded goods
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This volume addresses many of the complex issues raised by North American integration through the lens of one of the largest and most global industries in the region: textiles and apparel. In part, this is a story of winners and losers in the globalization process, especially if one focuses on jobs lost and jobs gained in different countries and communities within North America, defined here as: Canada, the United States, Mexico, Central America, and the Caribbean. However, it would be a mistake to view the industry solely in these zerosum terms. The North American apparel industry is an excel
Clothing trade --- Textile industry --- Free trade --- Government policy --- Canada. --- North American Free Trade Agreement
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“Chapters in this volume by a group of global value chain (GVC) experts provide a careful examination of the respective roles of central and local governments as well as entrepreneurs in China’s dynamic growth process, especially after 2010. A useful book for understanding China’s past performance, prospects for future growth, and lessons for developing countries in the uncertain globalized world.” —Justin Yifu Lin, Dean of the Institute of New Structural Economics at Peking University and former World Bank Chief Economist “This edited volume provides a timely analysis of how China is upgrading along GVCs with concrete examples and valuable insights. It shows the Chinese economy is not simply the product of a master plan imposed by the State; the intense competitive forces that play out by various agents at the local levels are central for China’s success in GVCs. It should be of interest to every scholar and policy maker concerned with China’s future roles in GVCs.” —Zhi Wang, Founding Director, Research Institute on GVCs, UIBE, Beijing, China This book examines China’s new development policies, which seek to reposition the country from an export platform for an array of low-cost consumer goods to a technological leader in advanced manufacturing. Focusing on the post-2010 period, the book shows how China’s central government programs and reforms (“upgrading from above”) are coupled with varying local government policies, firm strategies, and domestic economy shifts (“upgrading from below”) to drive this development. Understanding the goals and challenges of China’s multifaceted industrial policies could not be more important in the current context of global trade tensions and major disruptions in GVCs. Gary Gereffi is Emeritus Professor of Sociology, Director of the Global Value Chains Center at Duke University, and an originator of the GVC framework. Together with leading Duke GVC Center researchers, Penny Bamber and Karina Fernandez-Stark, the trio has contributed extensively to promoting GVC analysis and its use in policy circles. They publish and consult broadly on competitiveness issues, industrial upgrading, and economic development.
Economic development --- Asia --- Business logistics. --- Globalization. --- Asian Economics. --- Logistics. --- Economic conditions. --- Global cities --- Globalisation --- Internationalization --- International relations --- Anti-globalization movement --- Supply chain management --- Industrial management --- Logistics