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The Role of Global Value Chains to Strengthening the Connectivity between Europe and Asia


contributor author Cungki Kusdarjito
date accessioned Sun, 12 April 2026
date available Sun, 12 April 2026
date issued Selasa, 22 September 2020
description abstract Globalization that started in the 80-90s changes the world economic landscape through the Global Value Chain (GVC). GVC allows quite a lot of opportunities for developing countries to participate in global trade and improve productivity. Before the rise of GVC, nations had to build a deep and wide industrial base before becoming competitive. This is the way the United States, Germany, and Japan did. GVC requires liberalization import-export and infrastructure improvement. Some policy options, such as improving connectivity with the international market, setting competitive pricing, increasing domestic value chain, infrastructure, and services, should be established (Taglioni & Winkler, 2016). To be sustainable, either economically and environmentally, GVCs should promote social upgrades and equalize the opportunities for each people. Some East Asian countries demonstrate that participating in GVC may decrease poverty. Yet, before implementing GVC, some considerations should be taken into account. there are three theorems in Beijing Consensus, i.e. the use of innovation to encourage progress, foreign direct investment and the development of human resources by improving education quality
subject The Role of Global Value Chains to Strengthening the Connectivity between Europe and Asia
title The Role of Global Value Chains to Strengthening the Connectivity between Europe and Asia
type

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