The global value chain: Challenges faced by ASEAN least developed countries

IF 3.5 2区 经济学 Q1 ECONOMICS Journal of Policy Modeling Pub Date : 2023-11-01 DOI:10.1016/j.jpolmod.2023.06.001
Pushkar Pushp, Faisal Ahmed
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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.

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全球价值链:东盟最不发达国家面临的挑战
我们确定了东南亚国家联盟(东盟)地区最不发达国家(LDCs)面临的七大全球价值链相关挑战。最不发达国家面临着与贸易参与和竞争力有关的一些最基本的挑战。本文中所确定的挑战已经使用模糊AHP模型进行了实证验证,以破译优先级权重。研究结果显示,“基础设施和物流限制”是最迫切的挑战,其次是“外国直接投资流入有限”和“中小企业集群发展不足”。剩下的挑战包括:贸易援助不足,最不发达国家通过区域贸易协定/自由贸易协定途径的参与度不高,缺乏强有力的产业政策,价值链升级受到制约,外国直接投资有限。这项研究对工业有益,并为决策提供有用的投入。它有助于确定资源的最佳配置,以提高贸易竞争力和经济发展。
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来源期刊
CiteScore
6.20
自引率
11.40%
发文量
76
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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