The emergence of global value chains has opened up new ways to achieve development and industrialization. However, new evidence shows that not all countries have gained from participating in global value chains, and that country-specific characteristics matter for economic upgrading in global...

Cover -- Half Title -- Title -- Copyright -- Contents -- Foreword -- Preface -- Acknowledgments -- About the Authors -- Abbreviations -- Overview Making GVCs Work for Development -- Introduction -- Part I: Why GVCs Require Fresh Thinking -- Part II: Quantifying a Country's Position in GVCs --...

Using newly collected survey data on direct supplier-multinational linkages in Chile, Ghana, Kenya, Lesotho, Mozambique, Swaziland, and Vietnam, this paper first evaluates whether foreign investors differ from domestic producers in terms of their potential to generate positive spillovers for...

The Indonesian manufacturing sector experienced a 'lost decade' in the aftermath of the Asian financial crisis. While many believe that the sector is now in inexorable decline, this note argues that there may be a 'second chance' for export manufacturing, given Indonesia's relative cost...