ORCID
Gary Gereffi 0000-0002-0905-5206
Abstract
Risk is inherent to the pursuit of opportunity. This paper draws on the recent literature and looks at the risks and opportunities firms and their workers face in the global value chains. First, it examines the sharing mechanisms that firms provide from the national and global perspectives; second, it takes a closer look at the new opportunities and challenges for firms and individuals in the global arena; third, it discusses the role of economic upgrading and social upgrading; and finally it sheds light on how the government can help people manage risks and reap the benefits of participation in global value chains.
Recommended Citation
Gereffi, Gary and Luo, Xubei
(2024)
"Risks and Opportunities of Participation in Global Value Chains,"
Journal of Banking and Financial Economics: Vol. 2015:
No.
4, Article 4.
DOI: 10.7172/2353-6845.jbfe.2015.2.4
Available at:
https://press.wz.uw.edu.pl/jbfe/vol2015/iss4/4
First Page
51
Last Page
63
Page Count
13
Received Date
University of Warsaw
Revised Date
21 January 2015
Accept Date
15 May 2015
Online Available Date
17 August 2015
DOI
10.7172/2353-6845.jbfe.2015.2.4
JEL Code
F63; F68; L22; L23
Publisher
17 August 2015