Value Chain Approaches to Reducing Policy Spillovers on International Business

31 Pages Posted: 16 Oct 2020

See all articles by Christopher Findlay

Christopher Findlay

Australian National University; University of Adelaide - School of Economics

Bernard Hoekman

Robert Schuman Centre for Advanced Studies; European University Institute - Robert Schuman Centre for Advanced Studies (RSCAS); Centre for Economic Policy Research (CEPR)

Date Written: October 2020

Abstract

Government policy can add to the costs of doing international business. It can distort the construction of and raise the costs of operation of global value chains (GVCs), to the detriment of the participating economies. Given rising technological and market-driven headwinds confronting GVCs, countries seeking to attract GVC activities have greater incentives to identify and address policies that negatively affect international business investment. Cooperation of businesses with regulators, analysts and researchers has the scope to develop better policy. This paper suggests principles for the design and operation of such cooperation, drawing on the experience with multi-stakeholder value chain partnerships and the policy responses to the 2020 COVID-19 pandemic.

Keywords: Global value chains, global production networks, international business, trade regulation, multi-stakeholder initiatives, public-private policy partnerships.

Suggested Citation

Findlay, Christopher and Hoekman, Bernard, Value Chain Approaches to Reducing Policy Spillovers on International Business (October 2020). Robert Schuman Centre for Advanced Studies Research Paper No. RSCAS 2020/49, Available at SSRN: https://ssrn.com/abstract=3712270 or http://dx.doi.org/10.2139/ssrn.3712270

Christopher Findlay (Contact Author)

Australian National University ( email )

Asia Pacific School of Economics & Mgmt. (APSEM)
Canberra ACT 0200
Australia

University of Adelaide - School of Economics ( email )

Adelaide SA, 5005
Australia
(08) 8303 5756 (Phone)
(08) 8303 4394 (Fax)

Bernard Hoekman

Robert Schuman Centre for Advanced Studies ( email )

Fiesole, Tuscany
Italy

European University Institute - Robert Schuman Centre for Advanced Studies (RSCAS) ( email )

Villa La Fonte, via delle Fontanelle 18
50016 San Domenico di Fiesole
Florence, Florence 50014
Italy

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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