Chains Fredrik Sjholm Lund University and IFN Ekonomihgskolan vid - - PowerPoint PPT Presentation

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Chains Fredrik Sjholm Lund University and IFN Ekonomihgskolan vid - - PowerPoint PPT Presentation

Comments on Skills and Global Value Chains Fredrik Sjholm Lund University and IFN Ekonomihgskolan vid Lunds universitet Whats the message? Participating in Global Value Chains (GVCs)is good Improved skills (education) is


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Ekonomihögskolan vid Lunds universitet

Comments on ”Skills and Global Value Chains”

Fredrik Sjöholm Lund University and IFN

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Ekonomihögskolan vid Lunds universitet

What’s the message?

  • Participating in Global Value Chains (GVC’s)is good
  • Improved skills (education) is important
  • Yes but…
  • All international trade is good

– Comparative advantages still matters – Avoid “picking winners”

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Ekonomihögskolan vid Lunds universitet

Why protectionism?

  • Parts of the middle class are hurt by globalization

– Outsourcing – Changing structure within firms – Improved matching

Job polarization

  • Globalization has affected politics

– Trump, Brexit, Nationalism

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Ekonomihögskolan vid Lunds universitet

Economic policies in a globalized world

  • Increased volatility requires

– Social safety nets – Flexibility

  • Slightly less degrees of freedom in economic policies

– Taxation

  • But….most policies are not affected by globalization and

GVC’s