Harnessing Global Value Chains for Regional Development: How to upgrade through regional policy, FDI and trade
Authors: Riccardo Crescenzi and Oliver Harman
This Regional Studies Policy Impact Book brings together the latest academic evidence and public policy insights with global value chains (GVCs) and foreign direct investment (FDI). It comprises a comprehensive description and explanation of why they matter for regional development and policy. It focuses on how sub-national regions can leverage them for innovation and upgrading, or “levelling up”. Specifically, its attention is on how regions can build, embed and reshape GVCs to their local enhancement. It is based on leading academic literature but uses non-technical language throughout making it engaging for policymakers, researchers and students alike.
“The new frontier for regional policy makers is to understand how the recent reshaping of trade, investment flows and GVCs through pandemic and conflict will affect regional innovation capabilities. This important new book brings together key insights from the most recent research to provide tools to understand these changes. It should be essential reading for anyone interested in developing regional policies to manage the green transition and disruptive technological change in a rapidly changing world.” — Peter Berkowitz, Director – Policy, Directorate General for Regional and Urban Policy, European Commission
“Often national policies neglect existing country interdependencies through trade and globalization. This book shows how subnational policies can go beyond insights from country by country analyses that assume that each economy is isolated from the others and that markets of products and factors are isolated from one another. It shows that once we factor in the degree of integration among countries through trade and production networks new opportunities can be identified for driving up local competitiveness and value addition using trade and FDI. It is a timely new book shares how reforms and policy change can harness GVCs, blending academic evidence with practitioner lessons. Changing the paradigm of subnational policies is a core message in this book. The policy recipes in this book can inform readers how to act upon GVC’s potential—boosting growth, creating better jobs and reducing poverty.” — Daria Taglioni, Research Manager, Trade and International Integration, Development Research Group, The World Bank
Find more details of the book here.
Watch as the authors, Riccardo Crescenzi and Oliver Harman, discuss recommendations from their RSA Policy Impact book, Harnessing Global Value Chains for regional development: How to upgrade through regional policy, FDI, and trade.
Watch the recording of our Policy Expo webinar , RCI Global Value Chains and Regional Innovation .
Speakers: Riccardo Crescenzi (London School of Economics, UK), Daria Taglioni (Research Manager, Trade and International Integration, Development Economics, World Bank), Joaquim Oliveira Martins (Special Advisor to the Commissioner for Cohesion and Reforms at the European Commission), Oliver Harman (International Growth Centre, London School of Economics and Oxford University, UK). Chair: Roberta Rabellotti (Università di Pavia, Italy):