REVIEW ON METHODS AND TOOLS IN GLOBAL VALUE CHAINS ANALYSIS

Global Value Chains (GVCs) have recently had an impact on the dynamics of globalization; it is necessary to understand how goods and services are developed, produced, and distributed over various sites and stages in a globalized economy. The analysis of GVCs encounters challenges due to the limited availability of comprehensive data on the arms-length and intra-firm imports and exports carried out by multinational companies, which frequently wield substantial influence on GVC. This paper aims to present an updated review of the GVC analysis tools and methods, as well as how these approaches and applications are used when GVC's are implemented in various Countries. The different scopes and required datasets for the different methods and applications used to map and quantify this phenomenon are then examined. The theoretical foundations and practical applications of mapping methodologies for GVC are also discussed. Finally, the paper expresses the linkage between Global Value Chain and benchmarking methods to achieve continual enhancement, evaluating an organization's plans and performance in comparison to leading organizations, both within and outside of the industry in order to obtain a guiding path towards improvement and the best possible integration along GVC.