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THE ARAB MONETARY FUND ISSUES THE SEVENTH ISSUE OF THE "POLICY BRIEF" SERIES ON "INTEGRATION IN GLOBAL VALUE CHAINS" DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

THE ARAB MONETARY FUND ISSUES THE SEVENTH ISSUE OF THE "POLICY BRIEF" SERIES ON "INTEGRATION IN GLOBAL VALUE CHAINS"

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THE ARAB MONETARY FUND ISSUES THE SEVENTH ISSUE OF THE "POLICY BRIEF" SERIES ON "INTEGRATION IN GLOBAL VALUE CHAINS" Empty THE ARAB MONETARY FUND ISSUES THE SEVENTH ISSUE OF THE "POLICY BRIEF" SERIES ON "INTEGRATION IN GLOBAL VALUE CHAINS"

Post by claud39 on Wed Nov 27, 2019 7:43 am

THE ARAB MONETARY FUND ISSUES THE SEVENTH ISSUE OF THE "POLICY BRIEF" SERIES ON "INTEGRATION IN GLOBAL VALUE CHAINS"




2019-11-27



THE ARAB MONETARY FUND ISSUES THE SEVENTH ISSUE OF THE "POLICY BRIEF" SERIES ON "INTEGRATION IN GLOBAL VALUE CHAINS" Logo-ar



Global value chains are growing in importance to what currently accounts for about 50 per cent of global trade, according to international estimates
Studies have shown that integration into global value chains has helped developing countries achieve waves of accelerated growth, poverty reduction and increased productivity
The contribution rate of some Arab countries such as Tunisia, Egypt, Morocco, Jordan and Lebanon has improved
In global value chains
The importance of the Arab countries focus on attracting foreign direct investment related to increase
Integration into global value chains


 
As part of its efforts to develop its research activities, the Arab Monetary Fund (IMF) has launched a new policy brief entitled Policy Brief, which aims to support the decision-making process in Arab countries by providing concise research publications addressing key priorities and topics of interest to member countries with recommendations for policy makers. 

The seventh of the series touched on the number to the theme of " integration into global value chains ", where he pointed out that the widespread use of the term global value chains ( the Global Value The the Chain, a GVC ), in recent decades, came as a result of changes in the global economy and the drop in the costs of Freight and transport, coupled with lower levels of global tariffs and trade barriers, increased pace of economic opening, and many countries in the world to improve the business climate in order to encourage and attract more direct investment flows. This comes in light of the high level of global technical and increasing the number of stages of production and complexity, and high levels of local, regional and global competition.

The summary noted that integration into global value chains increases productivity and income levels, as a result of the characteristics of value chains, particularly the long-term relationship that arises between firms or institutions, as well as excessive specialization in specific stages of production or tasks.

Integration into global value chains has enabled local firms to engage significantly with foreign companies with knowledge and technology. The export process no longer requires mastering the entire production process under excessive specialization at a certain stage of production. Accordingly, companies participating in GVCs in developing countries have been able to record higher levels of productivity and greater incomes than countries that are more involved in traditional trade. Studies show that a 10 percent increase in GVC participation increases average productivity by 1.6 percent and increases per capita GDP by 11-14 percent.

As a result of increased growth in both income and employment, integration into GVCs has helped bring about a significant reduction in poverty in some developing countries, most notably China, which is attributed to the fact that the economic gains from GVC integration are greater Gains in integration into traditional trade.

With regard to the extent of integration of Arab countries in global value chains, studies have shown an improvement in the contribution of intermediate goods to the total exports of a number of Arab countries, where in some Arab countries amounted to about 25 percent of their total exports during the period (2010-2015). While the share of imports of intermediate goods amounted to between 20 and 30% of the total imports of a number of Arab countries. In this context, some Arab countries have been interested in promoting the integration of companies in global value chains as a means to achieve the goal of economic diversification and sustainable and inclusive development, where decision makers in these countries have adopted policies aimed at integrating their economies in global trade, investment and production networks, including Tunisia. Egypt, Morocco, Jordan and Lebanon. As a result, they have made progress in integrating into global value chains.

In this context, the seventh issue of this summary referred to some policy implications to improve the levels of integration of Arab countries in the global value chains, the most important of which are :




[list="box-sizing: border-box; margin-bottom: 10px; color: rgb(0, 0, 0); font-family:"]
[*]Improve the environment and investment climate in the Arab countries, with the aim of increasing and attracting more FDI inflows to the countries of the region, especially those aimed at deepening integration into the global value chains.

[*]Adopting policies aimed at improving the levels of access of local and foreign investors to finance, supporting micro, small and medium enterprises.

[*]Policies to reduce exchange rate imbalances.

[*]The importance of investing in human capital in order to improve the levels of technical skill and innovation of Arab graduates, through the adoption of educational policies aimed at raising the quality of education, training and openness to the outside world, so that the capabilities of graduates to meet the needs of labor markets.

[*]Reform and development of customs ports through the application of the latest modern technology.

[*]Adoption of international standards and standards for the acceptance of goods at customs ports.

[*]Enacting and enforcing intellectual property laws, which are of great importance for integration into global value chains. Adopt agricultural policies aimed at integrating smallholders into agricultural value chains by providing them with some support, particularly in extension and financing.


[/list]
The full version of the issue is available at the following link:


Issue 7: Integration into global value chains


https://www.amf.org.ae/ar/content/participation-in-global-value-chains

https://www.amf.org.ae/ar/content/%D8%B5%D9%86%D9%80%D9%80%D9%80%D9%80%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%8A%D8%B5%D9%80%D9%80%D9%80%D9%80%D8%AF%D8%B1-%D8%A7%D9%84%D8%B9%D8%AF%D8%AF-%D8%A7%D9%84%D8%B3%D8%A7%D8%A8%D8%B9-%D9%85%D9%86-%D8%B3%D9%84%D8%B3%D9%84%D8%A9-%D9%85%D9%88%D8%AC%D8%B2-%D8%B3%D9%8A%D8%A7%D8%B3%D8%A7%D8%AA-%D8%AD%D9%88%D9%84-%D8%A7%D9%84%D8%A7%D9%86%D8%AF%D9%85%D8%A7%D8%AC-%D9%81%D9%8A-%D8%B3%D9%84%D8%A7%D8%B3%D9%84
claud39
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