International trade in the 21st century is characterized by the emergence and development of Global Value Chains. With the reform and opening-up deepening, China has become an important participant and practitioner of global value chains, a staunch supporter and defender of the multilateral trading system, and a contributor to and beneficiary of economic globalization. This book provides an insightful analysis of the pathways for China to upgrade in global value chains based on the country’s opening strategy from the perspectives of tariff, trade facilitation, foreign direct investment, outward direct investment, opening-up of the service industry, and servitization in the manufacturing industry. It also offers best practices for theoretical and empirical studies in global value chains with sophisticated and widely-used econometric methods.
Contents:
- Overview of Global Value Chains
- Analysis of China’s Value Chain Participation and International Comparison
- China’s Opening-up Strategy and Stylized Facts
- Trade Liberalization and China’s Value Chain Participation and Upgrading
- Trade Facilitation and China’s Value Chain Participation and Upgrading
- ‘Bring In’ and China’s Value Chain Participation and Upgrading
- ‘Go Global’ and China’s Value Chain Participation and Upgrading
- Opening-Up of the Service Industry and China’s Value Chain Participation and Upgrading
- Servitization of Manufacturing and China’s Value Chain Participation and Upgrading
- China’s Solution to GVC Restructuring
- Appendix 1: RDV Calculation
- Appendix 2: Calculation of Servitization of Manufacturing Input
- Appendix 3: Asset Specificity of Industries
Readership: Policymakers, academics, professionals, undergraduate and graduate students interested in China’s economic development, China’s economic opening strategies, trade liberalization, trade facilitation, FDI, OFDI, service industry opening and servitization on global value chains.
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