Analysis on the upgrading path of processing trade enterprises under the background of global value chain(PDF)
《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]
- Issue:
- 2020年03期
- Page:
- 29-35
- Research Field:
- 国际经济与贸易
- Publishing date:
Info
- Title:
- Analysis on the upgrading path of processing trade enterprises under the background of global value chain
- Author(s):
- LIN Faqin1; ZHAO Lingxue2; LI Yanyun2
- 1.School of Economics and Management， China Agricultural University，Beijing 100083，China；2.School of International Trade and Economics，Central University of Finance and Economics，Beijing 102206，China
- Keywords:
- processing trade; global value chain; financing constraint; the "Belt and Road" initiative; cooperation on international production capacity; supplyside structural reform
- PACS:
- F752.68
- DOI:
- -
- Abstract:
- As the international trade protection has become more prevalent since the financial crisis, certain unsustainability exists in the internal extensive economic growth mode of China. Coupled with the gradual disappearance of China’s demographic dividend, the issue of low added value of the global value chain dominated by the developed countries and low productivity of processing trade have attracted scholars’ attention. With the changes in the external trade environment and the factor endowment structure of the new normal in China as well as the need to deepen the supplyside structural reform, promoting the upgrading of processing trade enterprises has become an important part of the adjustment of China’s economic structure. By analyzing the origin, evolution and status quo of China’s processing trade, this paper describes several characteristics of processing trade under the background of the global value chain and the issue of "lowend jam", deduces the influence of financing constraints on the enterprises’ business decisionmaking and their export behavior as well as the status of the enterprises in the global value chain, and proposes the upgrading path of Chinese processing trade enterprises in the global value chain, based on the two perspectives of the intraindustry upgrading focused on the production process, product upgrading and function upgrading, as well as the interindustry upgrading characterized by the transformation from laborintensive to technologyintensive industries. The study believes that the upgrading path and new opportunities faced by processing trade enterprises can be realized by the following measures. Emphasis should be placed on the accumulation of human capital, the absorptive capacity of technology spillover and the cultivation of independent R&D capabilities of local enterprises. At the same time, enterprises should achieve openingup both in the east and west based on the realistic backgrounds of the cooperation on international production capacity and the "Belt and Road" initiative, and build an inclusive regional value chain and domestic value chain centered on their own needs.
Last Update: 2020-07-02