This conference will introduce the basic concepts of trade in value-added within the context of global value chains (GVC) and global production networks (GPN), and analyze the roles of trade in value-added, GVC and GPN in innovations, industrialization, international trade, and economic development.
Trade in value-added is an important topic in GVC, and has gained wider importance in understanding the nature of cross-border trade in today's highly integrated world. As global production becomes increasingly fragmented, tasks within the different stages of production also become more widely distributed across different countries. By tracing the value being added by each industry and country in the supply chains, and allocating the value-added to these industries and countries, the potential benefits of international fragmentation of production also become clear.
For developing countries, this new approach of looking at trade in value-added is crucial to further deepen their participation in global supply chains. Since a significant part of trade in many developing countries is in intermediate goods, such an approach will help them better understand their positioning in GVC, identify the tasks they want to specialize, and promote more open markets through production sharing. It is also important in designing a GVC development strategy by using better measures of cross-border trade, thus providing policymakers with more tools to analyze the potential development impact of supply chains (i.e., implications of measuring trade in value-added on trade imbalances, employment and macroeconomic shocks).
- Facilitate the understanding of issues related to trade in value-added and global supply chains, particularly their implications on development strategies of developing countries.
- Share recent country developments, particularly how domestic industries are integrating into GVC and specific policies and strategies being implemented by the government to enhance participation in GPN.
- Identify established production networks and cases to illustrate the functions and contribution of GVC and GPN to economic development of East Asian countries, and discuss the implication of the proliferation of GVC and GPN for development policies.
- Improved capacity of government officials in understanding the basic concepts of trade in value-added and global supply chains, as well as in formulating policies and strategies that enhance participation in global supply chains and achieve development objectives.
- Enhanced dialogue and network among government agencies, international organizations and private sector to integrate their domestic industries in global supply chains through sharing of best regulatory practices among policymakers and practitioners in the region.
- Concrete policy recommendations for promoting GPN and GVC.
- Presentation materials to be disseminated through the ADBI website.
Mid-level and senior government officials.
Actively participate in discussions and share views and experiences with others.
How to register
Participation is by invitation only.
S. Rajaratnam School of International Studies
Nanyang Technological University, Singapore