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Catching-up in the global factory: analysis and policy implications
Version 2 2023-06-12, 09:18
Version 1 2023-06-09, 20:11
journal contribution
posted on 2023-06-12, 09:18 authored by Peter J Buckley, Roger StrangeRoger Strange, Marcel P Timmer, Gaaitzen J de VriesMNEs 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.
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Publication status
- Published
File Version
- Published version
Journal
Journal of International Business PolicyISSN
2522-0691Publisher
Palgrave macmillanExternal DOI
Volume
3Page range
79-106Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2020-01-08First Open Access (FOA) Date
2020-02-24First Compliant Deposit (FCD) Date
2020-01-09Usage metrics
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