Value chain approaches to reducing policy spillovers on international business

Christopher Findlay, Bernard Hoekman*

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    17 Citations (Scopus)

    Abstract

    Government policy can add to the costs of doing international business. It can distort the construction of and raise the costs of operation of global value chains (GVCs), to the detriment of the participating economies. Given rising technological and market-driven headwinds confronting GVCs, countries seeking to attract GVC activities have greater incentives to identify and address policies that negatively affect international business investment. Cooperation of businesses with regulators, analysts, and researchers has the scope to develop better policy. This paper suggests principles for the design and operation of such cooperation, drawing on the experience with multi-stakeholder value chain partnerships and the policy responses to the 2020 COVID-19 pandemic.

    Original languageEnglish
    Pages (from-to)390-409
    Number of pages20
    JournalJournal of International Business Policy
    Volume4
    Issue number3
    DOIs
    Publication statusPublished - Sept 2021

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