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Factory Southern Africa? : SACU in Global Value Chains

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World Bank (WB)

Abstract: Once concentrated among a few large economies, global flows of goods, services, and capital now reach an ever-larger number of countries worldwide. Global trade in goods and in services both increased 10 times between 1980 and 2011, while foreign direct investment (FDI) flows increased almost 30-fold. A value chain is global when some of these stages are carried out in more than one country, most notably when discrete tasks within a production process are fragmented and dispersed across a number of countries. Southern African Customs Union (SACU) - region global value chains (GVCs) are both a new reality and significant opportunity for expanding non-commodity exports to support growth, diversification, and job creation in the region. The task-based nature of GVCs creates opportunities for developing countries to establish very quickly a position in global trade within a sector in which they may have had no previous experience. For South Africa, GVCs are seen as a route to higher manufacturing exports and greater value addition. For other SACU countries, GVCs are seen as a route to diversification and global integration, and to leverage the possibility of greater investment from South Africa itself. The main objectives of the study are as follows: (i) to understand trends of GVC participation and competitiveness of South Africa and the wider SACU region, the outcomes from this participation (exports, jobs, and productivity), and the factors that determine competitiveness; (ii) to map the extent of value chain integration across the region and identify barriers to deeper integration; and (iii) to identify policies and actions that will be required to develop a globally competitive, high value-adding factory Southern Africa.
Type: Report
Economic & Sector Work :: General Economy, Macroeconomics, and Growth Study
Economic & Sector Work
Link: http://hdl.handle.net/10986/23787
Subject: TARIFFS
SURCHARGES
CAPITAL MARKETS
REGULATORY FRAMEWORK
CURRENCY APPRECIATION
ECONOMIC GROWTH
WORLD TRADE ORGANIZATION
PRODUCTION
POLICY ENVIRONMENT
LAGS
STRUCTURAL CHANGE
INCOME
INTEREST
EXPECTATIONS
RESEARCH AGENDA
TRADE BARRIERS
PRODUCERS
PROPERTY RIGHTS
POLITICAL ECONOMIES
FINANCIAL RESOURCES
GDP PER CAPITA
LABOR FORCE
EXPORTS
POLITICAL ECONOMY
REVENUES
WELFARE
INCENTIVES
DISTRIBUTION
CAPACITY BUILDING
EQUILIBRIUM
VARIABLES
PRICING
AUTOMOTIVE BATTERIES
BENCHMARKS
INPUTS
ITC
WEALTH
PROTECTIONISM
FREE TRADE
SURPLUS LABOR
DEVELOPED COUNTRIES
TRENDS
ECONOMIC OUTLOOK
EMPIRICAL ANALYSIS
ECONOMIC ACTIVITY
DEVELOPMENT
SMALL BUSINESS
EQUITY CAPITAL
INFLUENCE
TRADE BALANCE
EXPLOITATION
TECHNICAL ASSISTANCE
COSTS
LABOR COSTS
EXPORT GROWTH
TELECOMMUNICATIONS
NATURAL CAPITAL
TRADE BLOCS
ECONOMIC COOPERATION
DEVELOPMENT STRATEGIES
FIXED COSTS
PRODUCTIVITY
OPTIONS
LABOR PRODUCTIVITY
INDUSTRIALIZATION
MONOPOLY
FAILURES
AGGREGATE ANALYSIS
QUOTAS
LIVESTOCK PRODUCTS
MARKETS
WTO
FORESTRY
ECONOMIC CHANGE
TRADE POLICY
NATURAL RESOURCES
AVERAGING
GROSS DOMESTIC PRODUCT
METALS
INVENTORY
SUBSIDIES
TRADE POLICIES
EFFICIENCY
ECONOMIC RESEARCH
EFFECTIVE USE
VALUE–ADDED
RESOURCES
EQUILIBRIUM ANALYSIS
UNEMPLOYMENT
EQUITY
PRODUCTIVITY GROWTH
HUMAN CAPITAL
VALUE ADDED
CAPITAL
WAGES
INTERNATIONAL TRADE
VALUES
COMPETITION POLICY
FINANCIAL CRISIS
VALUE
POLICY MAKERS
COMPETITIVENESS
CREDIT
QUALITY STANDARDS
TRADE DEFICIT
COMPARATIVE ADVANTAGES
DEMAND
NATIONAL INCOME
PRICE CHANGES
INTERMEDIATE GOODS
ECONOMY
AGRICULTURE
CONSUMERS
ENVIRONMENTS
EXPENDITURES
PROPERTY
ORGANIZATIONAL STRUCTURE
MEASUREMENT
TRANSACTION COSTS
ENVIRONMENT
CONCEPTUAL FRAMEWORK
TRADE LIBERALIZATION
ECONOMICS
REGULATORY REGIMES
EMPIRICAL RESEARCH
MARKET COMPETITION
FISHERIES
ECONOMIC DEVELOPMENT
TRADE
ECONOMIC INTEGRATION
GDP
GOODS
LAND
THEORY
GENERAL EQUILIBRIUM ANALYSIS
ECONOMIES OF SCALE
GENERALIZED SYSTEM OF PREFERENCES
COMPARATIVE ANALYSIS
GROWTH RATE
BILATERAL TRADE
INVESTMENT
COMPARATIVE ADVANTAGE
TRANSACTIONS COSTS
SUPPLY
REVENUE
NATIONAL INCOME ACCOUNTING
EMPIRICAL EVIDENCE
UNDERESTIMATES
TOTAL OUTPUT
ECONOMIC GEOGRAPHY
INTERMEDIATE INPUTS
PROFITS
ECONOMICS RESEARCH
ENVIRONMENTAL
COST SAVINGS
LABOR MARKETS
OUTCOMES
STRUCTURAL UNEMPLOYMENT
PRICES
PRODUCTION COSTS
BENEFITS
ECONOMIES
PRODUCTION PROCESSES
COMPETITIVE ADVANTAGES
DEVELOPMENT POLICY
PUBLIC GOODS
COMPETITION




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