Author/s:
Victor Prochnik (Coordinador); João Alberto De Negri; Celso Garrido; Vinicius Rodrigues Peçanha; Leonardo E. Stanley
Year:
2010 This book examines the integration of Latin American firms to the model of Global Value Chains (GVC), analyzing chains led by Latin American firms and evaluating their impact on trade, investment, and structural duality.
Despite the fact that the adoption of global value chains is still recent in the region and that it is very heterogeneous across countries, it is necessary to better understand its impact in the economy and the region, and to develop better public and incentives policies in this area. In Mexico, for example, this new way of organizing production was not the result of an endogenous process, but rather a by product of massive inflows of foreign direct investment. In a context of more open markets and faced to China’s competition, the picture in South America is mixed, with cases such as the Brazilian motor vehicle industry in which there is a strong interaction between global firms and a dynamic internal market.
The book reviews the experience of South American and Central American countries, as well as of Mexico. It also addresses specific sector studies such as the electronics and motor vehicles industries. MercoNet will soon publish Working Papers and Policy Briefs reviewing major research findings.
