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Rising Concentration in Asia-Latin American Value Chains

Can Small Firms Turn the Tide?

image of Rising Concentration in Asia-Latin American Value Chains

Dynamic Asia has overtaken the European Union as Latin America and the Caribbean's second largest export market, after the United States. However, the region's exports to Asia remain concentrated in few commodities involved a small number of large firms. This book explores the present and future scope for the participation of small- and medium-sized enterprises (SMEs) in biregional trade and value chains and the measures that can be taken to make those chains more inclusive and sustainable. It encourages governments in Latin America to improve the business environment in order to encourage multinational firms to invest, upgrade and innovate in the region.

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The role of small and medium-sized enterprises in Korean high-tech export clusters: The case of electronics and pharmaceuticals

This chapter looks into the participation of the Republic of Korea’s small and medium-sized enterprises (SMEs) in two high-tech export clusters led by Korean multinational corporations (MNCs). The first cluster is electronics, which accounted for one fifth of Korean exports to Latin America in 2013. The second is pharmaceuticals, which has a small but growing share in exports. Two case studies, based on company reports and interviews, illustrate some of the advantages and disadvantages for SMEs supplying MNCs in these clusters. SMEs have a larger role in the more developed electronics industry than in the pharmaceutical industry. This may be explained, in part, by government support in the first industry, which has enhanced business opportunities for SMEs.

English

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