The objective of this report is to examine the extent to which countries in Latin America and the Caribbean participate in global value chains and what are the drivers of such participation. Production processes have been increasingly fragmented worldwide. For example, the production of the...

This paper argues that international trade and foreign direct investment by transnational corporations need not automatically lead to increased competitiveness and convergence. Supply-side, notably industrial policies, may facilitate this process provided they recognise that government measures...