“Navigating the Global Value Chain: Dynamics of Globalization, Upgrading, and Governance”

Global Value Chains (GVCs) have transformed the global economy, offering firms access to new markets, cost reductions, and technological advancements. However, GVCs also present challenges, including economic and social downgrading, requiring effective governance mechanisms to ensure social and environmental responsibility. Navigating these opportunities and challenges is crucial for firms seeking to thrive in the interconnected world of GVCs.