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Lacking the required product innovation and branding capabilities of OECD MNEs, latecomer firms often embark upon using the global value chain as a vehicle for
Lacking the required product innovation and branding capabilities of OECD MNEs, latecomer firms often embark upon using the global value chain as a vehicle for catchup. Identify the institutional mechanisms that enable this process of catch-up with reference to any high-tech industry (two fiffti wrds)
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