GVCs Participation as Development Strategy

Abstract

In the reality that to have peace and justice all over the world requires a sustainable development. Many organizations, like United Nations, and countries have been working to improve the level of living of people especially in the developing part of the world for many years. In this case the poverty chain which undeveloped and developing countries are facing very much is the huge barrier for these countries to develop their economies. To break the poverty chain, developing countries must have development objectives and an efficient development strategy; furthermore these strategies must be applied ambitiously to get success. Studies have shown that stray, not well planned and not intentioned and half-hearted initiatives have not been sufficient for sustainable development. International cooperation and trade is one of the important steps, may be the first, for sustainable development and full benefit of countries efforts can be realized only with an effective international action. We know that however great undeveloped and developing countries efforts, these will not be sufficient to enable these countries to achieve the desired development goals as expeditiously as they must unless they are assisted through expanded financial resources and more effective economic and commercial policies by the developed countries. In this context since last two decades participation in Global Value Chains has been seen a new and popular way of development together with former strategies like an industrial development strategy. (C) 2014 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/3.0/).