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Noneconomic Objectives, Global Value Chains and International Cooperation
Italian Economic Journal Pub Date : 2023-09-02 , DOI: 10.1007/s40797-023-00240-8
Bernard M. Hoekman , Petros C. Mavroidis , Douglas R. Nelson

Systemic conflicts increasingly affect the global value chains (GVCs) underpinning globalization by creating policy uncertainty and politicizing trade and investment decisions. Unilateral policies to attain competitiveness and noneconomic objectives (NEOs), including national security, create incentives for international cooperation to attenuate policy spillovers. Recent initiatives seeking to do so are organized around supply chain governance and need not be anchored in trade agreements. Whether such cooperation is feasible and can be designed to be effective in realizing NEOs is unclear. Plurilateral GVC-centered cooperation offers a potential path for states to pursue NEOs and reduce policy uncertainty for international business. Research offers little guidance to policymakers on the design of such cooperation. A key open question is to determine whether explicit market access commitments are necessary to sustain cooperation. Creating mechanisms for the epistemic communities that are concerned with a specific NEO or policy area to interact with stakeholders and lead firms operating international production networks can help inform the design of cooperation to attain NEOs more efficiently.



中文翻译:

非经济目标、全球价值链和国际合作

系统性冲突通过造成政策不确定性并使贸易和投资决策政治化,日益影响支撑全球化的全球价值链(GVC)。旨在实现竞争力和非经济目标(NEO)(包括国家安全)的单边政策可以激励国际合作,以减少政策溢出效应。最近寻求这样做的举措是围绕供应链治理组织的,不需要以贸易协定为基础。这种合作是否可行以及能否有效实现近地天体尚不清楚。以全球价值链为中心的诸边合作为各国追求近地天体并减少国际商业的政策不确定性提供了一条潜在途径。研究为决策者设计此类合作提供的指导很少。一个关键的悬而未决的问题是确定明确的市场准入承诺是否是维持合作所必需的。为关注特定近地天体或政策领域的认知社区创建与利益相关者和运营国际生产网络的领先公司互动的机制,有助于为合作设计提供信息,以更有效地实现近地天体。

更新日期:2023-09-03
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