Catching-up in the global factory: analysis and policy implications

Buckley, Peter J, Strange, Roger, Timmer, Marcel P and de Vries, Gaaitzen J (2020) Catching-up in the global factory: analysis and policy implications. Journal of International Business Policy, 3. pp. 79-106. ISSN 2522-0691

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MNEs shape the location of activities in the world economy, linking diverse regions in what has been called the global factory. This study portrays the evolution of incomes and employment in the global factory using a quantitative input–output approach. We find emerging economies forging ahead relative to advanced economies in income derived from fabrication activities, handling the physical transformation process of goods. In contrast, convergence in income derived from knowledge-intensive activities carried out in pre- and post-fabrication stages is much slower. We discuss possible barriers to catching-up and policy implications for emerging economies in developing innovation capabilities, stressing the pivotal role of MNEs.

Item Type: Article
Schools and Departments: University of Sussex Business School > Business and Management
University of Sussex Business School > Strategy and Marketing
Depositing User: Joy Blake
Date Deposited: 08 Jan 2020 13:13
Last Modified: 04 May 2021 08:15

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