Review of Strategies and Policies for Enhanced Participation in Global Value Chains
Sourish Dutta ()
Post-Print from HAL
Abstract:
This article underscores the immense potential for substantial economic growth and development that can be harnessed through effective participation in global value chains (GVCs). It emphasises the role of policymakers in adeptly navigating GVCs, prioritising tasks, exploring different forms of GVC governance, and fostering a conducive environment for foreign investments. By effectively managing power dynamics and supply chain risks, countries can attract valuable foreign investors, enhance market connectivity, and improve infrastructure and services, leading to significant economic growth. The potential benefits of GVC participation are vast, and policymakers can shape the situation by understanding and addressing strategic inquiries, laying the foundation for a prosperous future. Furthermore, the article explores the potential for a country to enhance its involvement in GVCs and progress to more lucrative activities by strengthening existing connections between GVCs and the local economy. By enhancing the capacity of local stakeholders to acquire knowledge, policymakers can play a crucial role in maximising the benefits from GVC spillovers, positively impacting a country's economic development.
Keywords: Global Value Chains; Trade Policy; Industrial Policy; International Political Economy (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:
Published in SSRN Electronic Journal, inPress, ⟨10.2139/ssrn.4867272⟩
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Working Paper: Review of Strategies and Policies for Enhanced Participation in Global Value Chains (2024) 
Working Paper: Review of Strategies and Policies for Enhanced Participation in Global Value Chains (2024) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04661503
DOI: 10.2139/ssrn.4867272
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().