By Valentina De Marchi.
The fragmentation of production and integration of trade creates important opportunities for firms and territories, especially if located in emerging economies, to grow and learn. Yet not all the global relationships are conducive of economic, social or environmental upgrading.
Upgrading in Global Value Chains
As a result of globalization, value chains are increasingly fragmented and have spread worldwide – a new era of international competition that is reshaping global production and trade and changing the organization of industries has emerged. The Global Value Chain (GVC) framework is particularly useful in understanding global dynamics because …