Caribbean Competitiveness through Global Value Chains
The global value chain approach to development looks at trends and lead firms in global industries juxtaposed to firm and industry performance in local economies to identify strategies for value creation and upgrading that increase prosperity and economic growth. The movement to higher-value-added activities and services improves competiveness with other socio-economic multiplier effects such as employment creation, foreign direct investment, rural development, human skills development, and economic growth and resilience.
These studies are meant to provide an understanding of Caribbean firms and industries as they operate within the global value chain. They explore the strategies adopted by selected firms and industries to attain competitiveness in the context of global markets, discuss the strategies of leading global firms and analyse the local policy and institutional environment for business and how value is created to identify areas where upgrading at the local firm and industry level can take place to increase local value capture either by firm, industry or country.
“The industry case studies in this volume embody many of the best features of global value chain analysis. They are grounded in a detailed and up-to-date knowledge of the activities and main firms that link selected Caribbean industries to international markets.”
—Gary Gereffi, Director, Center on Globalization, Governance and Competitiveness, Duke University
“This book represents a new and pioneering effort to study manufacturing and services in the Caribbean with a global value chain approach, opening the way to new, badly needed analyses to guide the design of enterprise strategies and public policies in this region.”
—Carlo Pietrobelli, Lead Economist, Inter-American Development Bank, and Professor of Economics, University Roma Tre, Italy, and Georgetown University
INDERA SAGEWAN-ALLI is Executive Director, Caribbean Centre for Competitiveness, University of the West Indies, St Augustine, Trinidad and Tobago.