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Factory Southern Africa? : SACU in Global Value Chains

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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World Bank, Washington, DC
Africa
2016-03-01T20:10:00Z | 2016-03-01T20:10:00Z | 2016-01

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.

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