Global business chain and twin advantage: Strategic opportunities for developing countries

    Research output: Contribution to journalArticlepeer-review

    4 Citations (Scopus)

    Abstract

    Purpose – The paper proposes that globalization has opened up opportunities for developing countries that adopt the right type of political economy doctrine and opt to externalize their economies through contemporarily relevant global integration models and country-level strategies. Design/methodology/approach – Portraying the various phases of globalization, the experiences of developed and developing countries are reviewed to recommend a “global participation model” for developing countries to benefit from the globalization process. Findings – In profiling the global participation model, the paper introduces the concept of global business chain and shows how countries have formed strategic groups to participate in the global chain as “opportunity exploiters” and “opportunity providers.” If equipped with appropriate and efficient economic doctrine, developing countries could act both as opportunity providers and opportunity exploiters and transform themselves into “twin advantage countries” – with subst ntial enhancements in their total factor productivity and consequent gains in the quality of life of populations. Originality/value – Global business chain and twin advantage strategy, the two major propositions of this paper, are a new stream of thought in the discussions on globalization.

    Original languageEnglish
    Pages (from-to)352-368
    Number of pages17
    JournalCompetitiveness Review
    Volume21
    Issue number4
    DOIs
    Publication statusPublished - 2011

    Keywords

    • Developing countries
    • Global business chain
    • Globalization
    • Political economy
    • Strategic groups
    • Twin advantage strategy

    ASJC Scopus subject areas

    • Business and International Management
    • General Business,Management and Accounting

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