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

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Version 2 2023-06-12, 09:18
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journal contribution
posted on 2023-06-12, 09:18 authored by Peter J Buckley, Roger StrangeRoger Strange, Marcel P Timmer, Gaaitzen J de Vries
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.

History

Publication status

  • Published

File Version

  • Published version

Journal

Journal of International Business Policy

ISSN

2522-0691

Publisher

Palgrave macmillan

Volume

3

Page range

79-106

Department affiliated with

  • Business and Management Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2020-01-08

First Open Access (FOA) Date

2020-02-24

First Compliant Deposit (FCD) Date

2020-01-09

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