Economics · Global Value Chains
With reference to Global Value Chains (GVCs), consider the following statements: 1. GVC participation can increase a country's export competitiveness without requiring full-scale domestic industrialization. 2. Backward participation in GVCs refers to the use of imported intermediate inputs in a country's exports. 3. Forward participation implies exporting final consumer goods only. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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