•  
  •  
 

ORCID

Gary Gereffi 0000-0002-0905-5206

Keywords

Risk; global value chains; economic upgrading; social upgrading; global recession

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.

Acknowledgments

This paper was prepared as a background paper of the World Development Report 2014: Risk and Opportunity. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of their affiliated organizations. The authors would like to thank Anirudh Krishna for valuable discussions and comments.

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

Download

Share

COinS