(a)An OECD report claims that two of the core determinants of Global Value Chain participation are: structural factors like geography, size of the market and level of economic development; and policy factors like trade and investment policies. Identify TWO factors you think are the most important for either forward participation.

(8 marks)

(b)Some argue that participation in the GVC is more beneficial for a developed country like the US compared to a developing (e.g. low income and lower-middle income) country like Ghana. Do you agree? Explain with examples or data.

(7 marks)

(a) An OECD report claims that two of the core determinants of Global Value Chain participation are: structural factors like geography, size of the market and level of economic development; and policy factors like trade and investment policies. Identify TWO factors you think are the most important for either forward participation. (8 marks) (b) Some argue that participation in the GVC is more beneficial for a developed country like the US compared to a developing (e.g. low income and lower-middle income) country like Ghana. Do you agree? Explain with examples or data. (7 marks)