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Review of Strategies and Policies for Participation in Global Value Chains

Author

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  • Sourish Dutta

    (Centre for Development Studies, Trivandrum - Centre for Development Studies, Trivandrum, VIPS-TC - Vivekananda Institute of Professional Studies-Technical Campus (VIPS-TC), Pitampura, Delhi)

Abstract

This article reiterates the importance of understanding and addressing the strategic inquiries and potential responses in the context of global value chain (GVC) participation. Policymakers must address these crucial matters to engage in GVCs effectively. Governments aspiring to participate in GVCs must focus on determining which tasks to prioritise and exploring various forms of GVC governance. The challenges and opportunities of establishing top-notch GVC connections and fostering a favourable environment for foreign assets are significant for countries looking to integrate into GVCs. While navigating power dynamics and supply chain risks, these efforts can attract suitable foreign investors, enhance market connectivity, and develop high-quality infrastructure and services, all of which can lead to significant economic growth and development. The potential benefits of GVC participation are vast, and by understanding and addressing the strategic inquiries and possible responses, policymakers can take control of the situation and pave the way for a prosperous future.

Suggested Citation

  • Sourish Dutta, 2024. "Review of Strategies and Policies for Participation in Global Value Chains," Working Papers hal-04619600, HAL.
    • Handle: RePEc:hal:wpaper:hal-04619600
    DOI: 10.33774/coe-2024-sftkv
    Note: View the original document on HAL open archive server: https://hal.science/hal-04619600v2
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    Keywords

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    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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