Explainer: Global Value Chains or supply chains and why they are important.

Global Value Chain Division of labour is an idea which dates back millennia but the modern production systems have evolved as 'Global Value Chains (GVC)' Under Global Value Chains, production is broken down into activities and tasks carried out in different countries. While trans-national co-operation in production is an old idea, this in last few … Continue reading Explainer: Global Value Chains or supply chains and why they are important.