Governance, Information Spillovers, and Productivity of Local Firms: Toward an Integrated Approach to Foreign Direct Investment and Global Value Chains

Information spillovers from multinational enterprises to local firms in developing countries are examined in the literature on global value chains and foreign direct investment. However, global value chain studies and foreign direct investment studies are carried out independently and separately. While global value chain studies describe an important mechanism that underlies the productivity improvements of local firms in developing countries,...