There are quite a number of publications that can answer your question. Check the following links:1.  http://mddb.apec.org/Documents/2016/SOM/CSOM/16_csom_012app10.pdf; 2.  https://www.unido.org/fileadmin/user_media/Publications/Pub_free/Global_value_chains_in_the_agrifood_sector.pdf; 3. https://www.ecb.europa.eu/home/pdf/research/compnet/Enhancing_the_role_of_SMEs.pdf?9235c9ba9b76a6a403bc10723d6dd11e; 4. https://www.wto.org/english/res_e/booksp_e/aid4tradeglobalvalue13_e.pdf

Hi Ravini,

Kindly find attached some links involving the matters which are your choice in your study. I do hope that there are some articles which could be helpful for you.

Article New economic globalization, new industrial policy and late d...

Article Beyond facilitator? State roles in global value chains and g...

Article Technology transfer and its role in the industrialization-of...

Article Determinants of new product outcome in a developing country:...

Chapter The Capital Goods Industry and the Dynamics of Economic Deve...

Article Competitive industry policy for economic development in Sri ...

Article Trade and Development in Advanced Developing Countries and L...

Dear Ravini:

There is no doubt that Global value chains (GVCs), led by transnational corporations (TNCs), have reshaped the world division of labor over the past two decades!

A recent research study [Aguiar de Medeiros, & Trebat, 2017] argued that GVCs are pervasive in low technology manufacturing, such as textile and apparel, as well as in more advanced industries like automobiles, electronics, and machines.

This hierarchical division of labor generates wild competition at the lower value-added stages of production, where low wages and low profit margins prevail for workers and contract manufacturers in developing countries.

At the top of the hierarchy another kind of competition prevails, centered on the ability to monitor and control intellectual property rights related to innovation, finance, and marketing.

The study concludes that GVCs have had crucial effects on income inequality and the appropriation of rents in modern capitalism!

Hope this helps!

Kind Regards, DrNadeem

Global value chains make the resources available at reasonable cost and thus contribute for economic development of LDCs.