The Effects of Global Value Chain (GVCs) on the Pattern of Trade

Abstract

The aim of this study is to analysis the several effects of the Global value chain phenomenon of (GVC) over the world ,specially its important role in the developing countries which participating through global value chains and go through deepening specialization with Trade in tasks which increase rapidly productivity growth particularly in some developing economies and for firms of various sizes and structures.GVCs also changed the nature of international competition entail adjustment costs, as some activities grow and others decline, and as activities are relocated across countries and a wide range of policies cutting across the labour market, social and competition policies right through to investment in education, skills, technology and strategic infrastructure will be needed to facilitate the adjustment process to occur the benefits from participation in GVCs.