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Participation of Developing Countries in Global Value Chains: Implications for Trade and Trade-Related Policies

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Although global value chains (GVCs) are often considered a defining feature of the current wave of globalisation, little is known about: i) what drives GVC participation; ii) what the benefits associated to growing participation are; or iii) how developing countries engage and benefit from GVCs. This paper tackles these questions empirically. The...

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