{"title":"The global value chain: Challenges faced by ASEAN least developed countries","authors":"Pushkar Pushp, Faisal Ahmed","doi":"10.1016/j.jpolmod.2023.06.001","DOIUrl":null,"url":null,"abstract":"<div><p><span><span>We identify seven global value chain (GVC)-related challenges faced by the least developed countries (LDCs) of the Association of Southeast Asian Nations (ASEAN) region. The LDCs face some of the most rudimentary challenges related to trade participation and competitiveness. The challenges identified in the paper have been empirically validated using Fuzzy AHP modelling to decipher the priority weights. The findings reveal that ‘infrastructural and logistical constraints’ is the most imperative challenge followed by ‘limited FDI inflows’ and ‘inadequate development of </span>SME clusters. The remaining challenges include: inadequate aid-for-trade, dismal LDC participation through the RTA/FTA route, lack of robust industrial policy, constraints in value chain upgradation, limited FDI. The study is beneficial for </span>industry and provides useful inputs for policy-making. It helps in ascertaining optimal resource allocation for the purpose of enhancing trade competitiveness and economic development.</p></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"45 6","pages":"Pages 1223-1245"},"PeriodicalIF":3.5000,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Policy Modeling","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0161893823000492","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
We identify seven global value chain (GVC)-related challenges faced by the least developed countries (LDCs) of the Association of Southeast Asian Nations (ASEAN) region. The LDCs face some of the most rudimentary challenges related to trade participation and competitiveness. The challenges identified in the paper have been empirically validated using Fuzzy AHP modelling to decipher the priority weights. The findings reveal that ‘infrastructural and logistical constraints’ is the most imperative challenge followed by ‘limited FDI inflows’ and ‘inadequate development of SME clusters. The remaining challenges include: inadequate aid-for-trade, dismal LDC participation through the RTA/FTA route, lack of robust industrial policy, constraints in value chain upgradation, limited FDI. The study is beneficial for industry and provides useful inputs for policy-making. It helps in ascertaining optimal resource allocation for the purpose of enhancing trade competitiveness and economic development.
期刊介绍：
The Journal of Policy Modeling is published by Elsevier for the Society for Policy Modeling to provide a forum for analysis and debate concerning international policy issues. The journal addresses questions of critical import to the world community as a whole, and it focuses upon the economic, social, and political interdependencies between national and regional systems. This implies concern with international policies for the promotion of a better life for all human beings and, therefore, concentrates on improved methodological underpinnings for dealing with these problems.
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