Global Value Chains, Upgrading and Poverty Reduction

Capturing the Gains Briefing Note, No. 3, 2011

6 Pages Posted: 25 Jan 2012 Last revised: 30 Aug 2014

See all articles by Joonkoo Lee

Joonkoo Lee

Hanyang University

G. Gereffi

Duke University - Department of Sociology - Director, Center on Globalization, Governance & Competitiveness

Stephanie Barrientos

University of Manchester

Date Written: November 23, 2011

Abstract

Global value chains (GVCs) are changing the way trade is conducted and value is created and captured. As more trade is organized through close coordination between buyers and suppliers, moving to high value-added activities, or economic upgrading, is critically determined by lead firms, particularly global buyers. However, growing evidence shows that economic upgrading of producers does not necessarily lead to social upgrading of workers, and the relationship is complicated by GVC restructuring in a post-crisis world. Dynamic monitoring of global and regional chains, joint public-private support for value chain upgrading, and improved trade metrics will provide more effective policy interventions for poverty reduction in a rapidly changing global trade environment.

Keywords: Global value chains, trade in value added, economic upgrading, social upgrading, poverty reduction

Suggested Citation

Lee, Joonkoo and Gereffi, Gary and Barrientos, Stephanie, Global Value Chains, Upgrading and Poverty Reduction (November 23, 2011). Capturing the Gains Briefing Note, No. 3, 2011, Available at SSRN: https://ssrn.com/abstract=1990232 or http://dx.doi.org/10.2139/ssrn.1990232

Joonkoo Lee (Contact Author)

Hanyang University ( email )

School of Business
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Korea, Republic of (South Korea)
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Gary Gereffi

Duke University - Department of Sociology - Director, Center on Globalization, Governance & Competitiveness ( email )

Box 90088
Durham, NC 27708-0204
United States
919-660-5880 (Phone)
919-684-2855 (Fax)

Stephanie Barrientos

University of Manchester ( email )

Oxford Road
Manchester, M13 9PL
United Kingdom

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