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Economic, technological, and political shifts as well as changing business strategies have driven firms to unbundle production processes and disperse them across countries. Thanks to these changes, developing countries can now increase their participation in global value chains (GVCs) and thus become more competitive.

This World Bank report conceptualizes GVCs and makes it easier for policymakers and practitioners to discuss them and their implications for development. It proposes a strategic framework to guide policymakers in identifying the key objectives of GVC participation and in selecting suitable economic strategies to achieve them.

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Source: World Bank