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Symposium 2014

Fostering Innovation in Global Supply Chains Adjustment

The Challenge

More intensive integration into global supply chains has brought many new business opportunities to East Asian firms in the past two decades. The latest financial crisis and the successive European debt crisis have, however, forced many of them to rethink their business strategies, and to think of how to reposition themselves in the global supply chains to better consider rapidly changing global economic situations and to actively deal with global challenges. One key element here is innovation. Firms from traditional industries need to raise the knowledge intensity of their business operations; those from service industries need to intensify their knowledge base of services provided; and firms from high-tech industries need to increase the extent and depth of their innovation activities. All these are expected to increase firms’ innovation intensity, enabling them to move upwards along global value chains and to take over higher value added tasks in global production networks.

How can firms better adjust their existing business strategies toward innovation and thus enhance their core capabilities in dealing with global supply chains adjustments? What kinds of roles could governments play to foster innovation? Should governments focus more on improving the domestic business environment? How could governments support firms in identifying impediments to innovation and in exploring appropriate solutions? From a regional perspective, how can Asian economies make use of particularly intensive linkages in supply chains among firms to build a regional environment friendly to cross-border collaboration? How could Asian economies adjust institutions, such as laws, regulations, market mechanisms, and education systems, in order to support innovation-based growth?

    Solutions

    Solution
    Symposium 2014

    Developing an ERASMUS-type multilateral student exchange program in Asia

    Developing an ERASMUS-type multilateral student exchange program in Asia

    Developing an ERASMUS-type multilateral student exchange program in Asia

    Polity, Academia, Business, Civil Society

    Proposals

    Proposal
    Symposium 2014

    Fostering Innovation in Global Supply Chains Adjustment

    Innovation is the solution in two levels.  Innovation is required for new products and new production methods.  Innovation of institutions is also required to promote innovation. Innovation of insti ...

    Innovation is the solution in two levels.  Innovation is required for new products and new production methods.  Innovation of institutions is also required to promote innovation. Innovation of institutions also may be non-linear and disruptive. Global human capital accumulation and circulation system Traditional understanding of trade assume labor is the least mobile.  This is no longer the case.  Labor will move across boarders responding to demand. While in the short run a country with a shortage of certain skills and knowledge may resort to immigration, or even in some cases accessing skills abroad using ITC which will not require works

    Polity, Academia, Business, Civil Society
    Proposal
    Symposium 2014

    Let's Embrace "Demand-Chain Driven", " Service-Centric " New Economy ... Everyone is Active Participant in Connected Value Chain

    Firms sit on Global Supply Chain need to know their customers' customer The latest 2008 financial crisis and the successive European debt crisis have put firms in traditional production industry to re ...

    Firms sit on Global Supply Chain need to know their customers' customer The latest 2008 financial crisis and the successive European debt crisis have put firms in traditional production industry to rethink their business going forward and their positioning. This is not just a wake up call but an urge to explore new business area to sustain the firm’s survival. In addition to seeking collective innovation within Global Supply Chain where they’re currently belong to, they are eager to look beyond their comfort zone. They know there’s even bigger threat if they stay distance from end-market. There’s strong calling to

    Polity, Academia, Business, Civil Society
    Proposal
    Symposium 2014

    Enhancing cooperation for innovation among companies specialized in components and materials

    Competition for seizing more market share than others looks ever increasing among companies producing final consumption goods. In this line, they do not hesitate to bring others to the court, even if ...

    Competition for seizing more market share than others looks ever increasing among companies producing final consumption goods. In this line, they do not hesitate to bring others to the court, even if they are in a cooperative position in terms of exchange of components and materials. However, we may pursue global cooperation for innovation among companies producing components and materials as they are not faced with direct competition each other. It is not difficult to find out a huge trade flow of manufacturing products from Asia to America and Europe. In fact, Japan, Korea, Taiwan and China are leading export

    Polity, Academia, Business, Civil Society

    Background Paper

    Background Paper
    Symposium 2014

    Fostering Innovation in Global Supply Chains Adjustment

    Three facts about fostering innovation in global supply chains adjustment.

    Three facts about fostering innovation in global supply chains adjustment.

    Polity, Academia, Business, Civil Society

    Virtual Library

    Virtual Library File
    Symposium 2014

    Global Value Chains in a Changing World

    This omnibus volume consists of several experts’ contributions in investigating the changing global value chains from different perspectives. It identifies key features of the global value chains ...

    This omnibus volume consists of several experts’ contributions in investigating the changing global value chains from different perspectives. It identifies key features of the global value chains and introduces new ways to measure the value added contributions made by different countries. Some experts try to investigate crucial factors determining the economic performance and success of firms and countries integrated in the global value chains. At the end of the report, policy suggestions for particularly Asian countries are provided as well.

    Virtual Library File
    Symposium 2014

    Interconnected Economies: Benefiting from Global Value Chains

    This report addresses the fragmentation of production in global value chains that has imposed new challenges upon firms worldwide nowadays. It investigates the role of knowledge-based assets for dri ...

    This report addresses the fragmentation of production in global value chains that has imposed new challenges upon firms worldwide nowadays. It investigates the role of knowledge-based assets for driving innovation in global value chains. This report provides empirical evidence based on the new measures of Trade in Value Added and policy advices for governments of how to support economic stakeholders in dealing with the more intensively interconnected global economy.

    Virtual Library File
    Symposium 2014

    Regions and Innovation: Collaborating Across Borders

    This report addresses the following three questions: (1) When does it make sense to collaborate with cross-border neighbours for innovation-driven economic development? (2) What kinds of governance ...

    This report addresses the following three questions: (1) When does it make sense to collaborate with cross-border neighbours for innovation-driven economic development? (2) What kinds of governance approaches can be used to manage such cross-border collaboration? (3) What are the policy instruments that can facilitate cross-border collaboration for innovation? Real-world case studies are provided for discussion and policy implications for cross-border collaboration in innovation are derived.