Please answer ASAP and in short and. The should not be copied Global value chains(GVC) account for about half the world’s trade today. What are the main potential benefits and challenges faced by firms in developing countries trying to insert themselves in GVC?

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter34: World Trade Equilibrium
Section: Chapter Questions
Problem 10E
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Please answer ASAP and in short and. The should not be copied Global value chains(GVC) account for about half the world’s trade today. What are the main potential benefits and challenges faced by firms in developing countries trying to insert themselves in GVC?
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