Review of Strategies and Policies for Participation in Global Value Chains

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. However, the potential benefits of GVC participation are vast. Significant economic growth and development can be achieved by attracting suitable foreign investors, enhancing market connectivity, and developing high-quality infrastructure and services. 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.