Exposition on Global Value chains
A global value chain consist of a series of interrelated activities that entails the coordination of different levels of production activities from different countries. This now popular phenominum is being fueled by increased globalization and technological advancement which has enabled companies to conduct operations through outsourcing and offshore activities. Basically, firms involved try to optimize their production process by establishing different plants across locations where there is a significant comparative advantage. In recent years there have been a large form of technological advancement and organizations’ business models have changed drastically; now activities ranging from design, manufacturing, marketing, distribution and servicing of products can be done from separate locations, with each country ( plant) specializing in one or two aspects. GVC has greatly impacted specialization issues and raised productivity. Diverse electronic communication means has also aide