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    Global value chains as a mixed blessing: fostering productivity but not jobs

Global value chains as a mixed blessing: fostering productivity but not jobs

By Stefan Pahl (University of Groningen)

 

 

Global Value Chains (GVCs) are seen by many as a possible panacea to economic development. New findings suggest indeed that GVC participation is strongly associated with productivity gains. Yet, there is no evidence in favour of positive employment effects, which is particularly relevant in less developed countries. This evidence calls for a careful assessment […]

Does foreign investment promotion work? Where?

By Riccardo Crescenzi (LSE), Marco Di Cataldo (LSE, Ca’ Foscari University of Venice), and Mara Giua (LSE, Roma Tre University).

 

Global capital markets are increasingly competitive and the attraction of Foreign Direct Investment (FDI) has taken centre stage in public policies world-wide. Nowadays countries with no active Investment Promotion Agencies (IPAs) are only a small minority in the world (OECD, […]