Research Methods of Assessing Global Value Chains

TL;DR

This paper explores the methodologies used to assess global value chains, emphasizing their role in understanding global trade, economic development, and policy analysis within complex international production networks.

Contribution

It provides a comprehensive overview of research methods for analyzing global value chains, highlighting their importance in economic and policy contexts.

Findings

GVC analysis helps understand global trade structures

Methodologies reveal economic impacts of global production networks

Policy insights derived from GVC assessments

Abstract

The global production (as a system of creating values) is eventually forming a vast web of value chains that explains the transitional structures of global trade and development of the world economy. It is truly a new wave of globalisation, and we can term it as the global value chains (GVCs), creating the nexus among firms, workers and consumers around the globe. The emergence of this new scenario is asking how an economy's businesses, producers and employees are connecting to the global economy and capturing the gains out of it regarding different dimensions of economic development. Indeed, this GVC approach is very crucial for understanding the organisation of the global industries (including firms) through analysing the statics and dynamics of different economic players involved in this complex global production network. Its widespread notion deals with various global issues (including regional value chains also) from the top down to the bottom up, founding a scope for policy analysis.