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Future Fragmentation Processes

Effectively Engaging with the Ascendancy of Global Value Chains

image of Future Fragmentation Processes

Leveraging the power of trade to expand formal employment opportunities, generate greater value addition, assist diversification processes and develop productive capabilities is an aspiration of all Commonwealth governments. These objectives were conveyed clearly at the Commonwealth Trade Ministers Meeting convened in March 2017.

There are areas of mutual interest and where enhanced co-ordination between member countries could enhance trade gains. Because the ability to transmit tacit knowledge through Commonwealth trade, finance and investment networks is inherent in the trade cost advantage shared by members - which exists without formal collaboration – it suggests the sharing of already known best practice could further enhance the gains from more concerted action.

In order to engage effectively with contemporary trade, which manifests as global value chains (GVCs), it is incumbent on governments to better understand corporate strategies. In this publication, as well as taking stock of past performance, we reflect on potential dynamics and future fragmentation processes.

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Tourism, Trade in Services and Global Value Chains

This chapter examines the scope for economic diversification within the tourism sector, as well as across sectors, for small states that are heavily dependent on the earnings derived from tourism exports. Adopting the global value-chain (GVC) perspective, this chapter explores the linkages between different services sectors and tourism to identify opportunities for upgrading into higher-value activities.

English

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