Sam- Week 5_ Global Value Chains

Sam- Week 5_ Global Value Chains - Global Value Chains WEEK...

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Global Value Chains WEEK 5 (QUESTIONS 1 & 2) SAM FILBY
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Framework Key questions: 1 ) Introduction: What are global value chains? 2) What are major drivers of GVCs? - What role do end markets play in GVCs? 3) Why is the distribution of rents important for understanding the drivers in GVCs? 4) Why is governance a key concept?
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1. Introduction
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What is a global value chain? Value chain: Describes full range of activities that firms and workers do to bring a product from its conception to its end use and beyond. Figure 1: Four links in a simple value chain. Adapted from Morris & Kaplinksy (2001:4)
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What is a global value chain? In real life, value chains tend to be more complex. Importantly, the activities that make-up a value chain can be contained within a single firm or divided among different firms AND Value chains can be contained within a single geographical location or spread over wider areas  hence the term, Global Value Chains.
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Analytic vs heuristic This simple definition is heuristic: it simply describes they way things work – allows us to plot links in the chain. It does not tell us anything about 1) coordination and governance of these diverse activities 2) the geography in which these activities are located, 3) consequences for the distribution of incomes in the chain, 4) impact on the environment and sustainability.
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Routes to the analytic and significance of questions posed Morris & Kaplinksy (2001) identify three components of value chains which need to be recognised in order to transform the heuristic device into an analytical tool: 1) Rents 2) Governance 3) Different types of value chains An analytical framework helps us to understand the economic, social, political and environmental dynamics of the global economy.
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2. What are the major drivers of global value chains? - What role do end markets play in GVCs?
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Drivers of GVCs GVCs are a phenomenon of the last four decades.
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