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Innovation, Global Value Chains, and Globalization Measurement - Proceedings of a Workshop (Paperback)
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Innovation, Global Value Chains, and Globalization Measurement - Proceedings of a Workshop (Paperback)
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In recent decades, production processes of intermediate and final
products have been increasingly fragmented across countries in what
are called global value chains (GVCs). GVCs may involve companies
in one country outsourcing stages of production to unrelated
entities in other countries, multinational enterprises (MNEs)
offshoring stages of production to units of the MNE overseas, or
both. GVCs can also involve completely independent companies merely
sourcing their parts from whichever upstream company may be the
most competitive, with no control arrangement necessarily involved.
The changing global trade environment and the changes in firms'
behavior have raised new and more complicated issues for policy
makers and have made it difficult for them to understand the extent
and operations of GVCs and their spillover effects on national and
local economies. To improve the understanding, measurement, and
valuation of GVCs, the Innovation Policy Forum at the National
Academies of Sciences, Engineering, and Medicine convened a
workshop, "Innovation, Global Value Chains, and Globalization
Measurement" May 5-7, 2021. This proceedings has been prepared by
the workshop rapporteurs as a factual summary of what occurred at
the workshop. Table of Contents Front Matter 1 Introduction 2
Multinational Firms and Global Innovation 3 Tracing Value Added in
the Presence of Multinational Firms with an Application to
High-Tech Sectors 4 Trade in Services, Intangible Capital, and the
Profit-Shifting Hypothesis 5 Talent, Geography, and Offshore
R&D 6 The Nature and Direction of Innovation in Global Value
Chains for Wind-Energy Technologies 7 Economies of Scope and
Relational Contracts: Exploring Global Value Chains in the
Automotive Industry 8 Keynote Address: Foreign Direct Investments
and Superstar Spillovers: Evidence from Firm-to-Firm Transactions 9
Creation and Diffusion of Knowledge in the Global Firm 10 Firm
Selection and Organizational Choice: Complex Patterns of Global
Sourcing 11 Are Customs Records Consistent Across Countries? 12
Capital Flows in Global Value Chains 13 Colocation of Production
and Innovation: Evidence from the United States 14 Global Value
Chain Measurement Methodology: Challenges and Prospects 15 Lessons
from the Workshop: A Panel Discussion References Appendix A:
Workshop Agenda Appendix B: Biographies of Speakers and Planning
Committee Members (as of May 2021) Appendix C: Crosswalk of
Workshop Papers to Measurement and Understanding of Global Value
Chains
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