Staying Competitive in the Global Economy
Moving Up the Value Chain
This report brings together OECD data on the globalisation of value chains, including the rise of outsourcing/offshoring. It first examines how OECD countries are affected by the globalisation of production, on both the macroeconomic and sector-specific levels. The costs and benefits of globalisation are then discussed, with an emphasis on employment and productivity. Finally, this report analyses how globalisation impacts the competitiveness of OECD countries, highlighting the need for an effective innovation strategy. The report discusses not only the moving up the value chain that takes place in OECD countries but also in China, as R&D is increasingly going to emerging countries.
Also available in: French
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Executive Summary
The pace and scale of today’s globalisation is without precedent and is associated with the rapid emergence of global value chains as production processes become more geographically fragmented. Globalisation also increasingly involves foreign direct investment (FDI) and trade in services, as many service activities become internationalised. Another distinctive feature is that the current phase of globalisation is not restricted to OECD countries, but also involves large emerging global players such as China, India, Brazil and Russia.
Also available in: French
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Click to download PDF - 1.29MBPDF
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Click to Read online and shareREAD