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Asia-Pacific Trade and Investment Report 2015

Supporting Participation in Value Chains

image of Asia-Pacific Trade and Investment Report 2015
Part I of this report assesses trends and developments in regional trade and investment flows and policies in an attempt to provide the insights and information necessary to separate the cyclical from the structural aspects. Part II analyses the participation of Asia-Pacific economies in global and regional value chains. By observing how economies at different levels of development have integrated into supply chains at different speeds and to varying extents, we can cast light on those policies that influence and shape value chain participation, and hence influence future patterns of trade and investment. The particular features of participation in value chains also have an impact on the ability of countries to access foreign technology and build innovative capacity, which in turn influences structural change and future development options.

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Global value chains, technology transfers and innovation

As discussed in the report so far, the rise of the global value chain (GVC) production model has modified the paradigm for trade and development policies. An outward orientation remains a key to development prospects, but instead of needing to build up a complete domestic industry in order to engage in exporting, economies can now specialize in one task that forms part of that industry, such as the production of particular components. This expands the scope of industrial development and may significantly shorten the time it takes to become an industrial exporter.

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