Caribbean Competitiveness through Global Value Chains

by Indera Alli (Editor)

Overview

The global value chain approach to development looks at trends and lead firms in global industries juxtaposed to firm and industry performance in local economies to identify strategies for value creation and upgrading that increase prosperity and economic growth. The movement to higher-value-added activities and services improves competiveness with other socio-economic multiplier effects such as employment creation, foreign direct investment, rural development, human skills development, and economic growth and resilience.

These studies are meant to provide an understanding of Caribbean firms and industries as they operate within the global value chain. They explore the strategies adopted by selected firms and industries to attain competitiveness in the context of global markets, discuss the strategies of leading global firms and analyse the local policy and institutional environment for business and how value is created to identify areas where upgrading at the local firm and industry level can take place to increase local value capture either by firm, industry or country.

Product Details

ISBN-13:	9789766406035
Publisher:	The University of the West Indies Press
Publication date:	11/22/2016
Pages:	192
Product dimensions:	6.00(w) x 9.00(h) x (d)

About the Author

INDERA SAGEWAN-ALLI is Executive Director, Caribbean Centre for Competitiveness, University of the West Indies, St Augustine, Trinidad and Tobago.

Table of Contents

List of Figures
List of Tables
Acknowledgements
Abbreviations
Introduction
Indera Sagewan-Alli
Section 1. Manufacturing Industry Case Studies
Case Study 1. A St Lucian Experience for Sustainable Participation in the Agro-Foods Global Value Chain: The Case of Baron Foods Limited
Vimlawatti St Hill and Jacintha Lee
Introduction
The Global Condiment, Sauces, Dressings and Seasonings Market
Baron Foods’ Participation in the Condiments and Sauces Global Value Chain
Key Elements Driving Baron Foods’ Export Success
Local Industry Conditions: Challenges for Other Firms
Lessons Learned
Policy Recommendations for Sector Development
Case Study 2. A Structural Analysis of the Competitiveness of the Hot Pepper Sauce Industry in Trinidad and Tobago: A Global Value Chain Approach
Shellyanne Wilson
Introduction
The Hot Pepper Sauce Global Value Chain
Hot Pepper Production
Hot Pepper Paste/Mash Production
Hot Pepper Sauce Production
Overview of the Hot Pepper Sauce Industry in Trinidad and Tobago
Actors in Trinidad and Tobago’s Value Chain
Local Industry Conditions
Firm Strategy, Structure and Rivalry
Related and Supporting Institutions
Lessons Learned
Upgrading Strategies for the Local Hot Pepper Sauce Industry
Recommendations
Conclusion
Case Study 3. The Rum Industry of Guyana in the Global Value Chain
Dianna DaSilva-Glasgow and Louis Dodson
Introduction
Input-Output Structure of the Rum Global Value Chain
Rum Production
Blending
Bottling
Distribution
Global Supply and Demand for Rum
Market Segments
Global Trends
Assessing Guyana’s Participation in the Rum Global Value Chain
Production and Export Trends
Analysis of Factors Affecting Guyana’s Competitiveness
Role of Key Stakeholders in Guyana’s Rum Industry
Upgrading Strategies and Tactics
SWOT Analysis of Guyana’s Rum Industry
Lessons Learned
Recommendations for Further Upgrading
Policy Recommendation
Conclusion
Case Study 4. VincyFresh Limited: A Caribbean Case Study on Export Competitiveness and Global Value Chain Analysis
Heidi E. Vincent and Simone N. Murray
Introduction
The Global Fruit and Vegetable Processing Industry
VincyFresh in the Fruit and Vegetable Global Value Chain
The Fruit and Vegetable Processing Industry in St Vincent and the Grenadines
Factors Affecting St Vincent and the Grenadines’ Competitiveness in the Food-Processing Sector
Lessons Learned
Upgrading Recommendations for VincyFresh
Section 2. Services Industry Case Studies
Case Study 5. The Chaguaramas Ship Repair Cluster: Sustaining Competitiveness and Lessons for Upgrading along the Maritime Value Chain
Don Charles, Debbie A. Mohammed and Preeya Mohan
Introduction
Overview of the Chaguaramas Cluster
The Global Ship Repair Industry
The Regional Ship Repair Industry
The Ship Repair Global Value Chain
Local Competitiveness Factors
Lessons Learned
Upgrading Strategies
Recommendations
Conclusion
Case Study 6. The Future of Solar Water Heaters in Barbados: Market Expansion or Product Innovation?
Andrea N. Baldwin and Olivia Chase-Smith
Introduction
The Solar Water Heating System and the Global Value Chain
Solar Water Heaters: A Global Perspective
Overview of the Local Solar Water Heating Industry in Barbados
Support for the Solar Water Heating Industry
Local Industry Conditions
Factor Conditions
Firm Strategies
Lessons Learned
Recommended Strategies