Abstract
In recent times participation in global value chains (GVCs) is considered essential by most developing countries including small and vulnerable economies (SVEs) and least developed countries (LDCs). GVCs are seen as important routes to markets for export products and services, offering new opportunities to firms, particularly in expanding their business opportunities across borders. This is important, especially given that reaching international markets can be very difficult for firms located in SVEs and LDCs. There is a need to recognise a number of challenges which SVEs and LDCs have to face in terms of policy reforms aimed at increased and meaningful participation in GVCs.
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