Thinning and Thickening: Productive Sector Policies in The Era of Global Value Chains

摘要: Effective insertion into global export markets offers the potential for sustainable income growth. However, inappropriate positioning in may well lead to immiserising The key achieving beneficial outcome lies capacity identify, appropriate and protect rents, context of intense competition, develop master dynamic capabilities order generate rents on a basis. This rent policy agenda is necessarily contextual. We argue that current temporal one which an increasing share trade occurs within value chains (GVCs), this widely recognised. Less recognised (and we believe added article) sectorial distinction between vertically specialised GVCs additive GVCs. These two families require different corporate strategies forms support. refer strategic agendas as ‘thinning’ (in case GVCs) ‘thickening’ GVCs). tend be relatively more important low- middle-income economies, particularly Africa Latin America parts South East Asia. Critically, since effective support applies agricultural, resource, manufacturing services sectors interconnections them), ‘industrial policy’ misnomer, instead conceive addresses ‘productive sector’.