Challenges And Economic Opportunities for Developing Countries Under the Global Value Chain

Abstract

Against the backdrop of deepening global economic integration, the global value chain (GVC) has become an important part of the international economic system. For developing countries, this system has brought unprecedented challenges as well as valuable opportunities. This paper first explores the concept and characteristics of the global value chain and the position and role of developing countries in the global value chain. Then, this paper analyzes the current situation of developing countries in the global value chain, including their limitations in terms of participation depth, trade scale, and governance structure. In addition, this paper further discusses the positive impact of developing countries' participation in the global value chain, including promoting export growth, driving industrial upgrading, and enhancing international competitiveness. Finally, this paper proposes strategies to increase the participation of developing countries in the global value chain, including industrial development strategies at the government level and capacity building at the enterprise level. Looking ahead, developing countries need to adapt to the new technological revolution and the trend of green and sustainable development, enhance their position in the global value chain and achieve sustainable economic growth.