In today's interconnected world, the global economy relies heavily on intricate global value chains (GVCs). These networks of production and distribution span borders, emphasizing the interdependence of nations, industries, and markets, shaping the dynamics of trade, innovation, and economic growth worldwide.
The evolution of GVCs has important implications for global trade, production, and employment, and for how firms, producers, and workers around the world integrate into the global economy. This has become even more evident with the advent of Covid-19 and the war in Ukraine.
As part of GOPA Consulting Group, our specialised team aims to gain a more comprehensive understanding of the issues, focusing on economic and industrial development. The instrument of regional and global value chain analyses aims to identify the sources of supply, markets and the competitive environment of an established or emerging national industry. These assessments enable the development of public policy instruments to foster the development of the identified industries while leveraging other national industries.
PACE has developed innovative capacities in the provision of industrial policy strategies through the analysis of sector-specific national and Global Value Chains.
GVC analyses were carried out to determine how particular countries could improve their current production capacity and product quality and/or switch to higher value-added products and/or services.
Tailor-made upgrading strategies were designed for a range of industries including Agribusiness, Mining, Textiles, Automotive, Pharmaceuticals, Petrochemicals, Tourism, Fisheries, and Information and Communication Technologies, based on national strengths and weaknesses and global constraints and opportunities. This has helped attract foreign direct investment (FDI) and private investment into those countries.