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For their sustenance, SMEs need to use ICT in order to become more competitive and to provide opportunities to participate in the global value chains (Charbonneau and Menon, 2013).
We foresee at least dozen new venture firms and vehicles emerging in 2019 with clear sector-led investment thesis around the place of Southeast Asian economies in the global value chains of fashion industry, agriculture and food; labour, healthcare services; manufacturing, construction tech and so on, with investment teams that have the necessary expertise to unravel this increasing complexity.
Notwithstanding the time frame negotiated by each party for adjusting practices and institutions, the TPP ultimately aims to establish one criterion of wellbeing, freedom and development, as well as a fixed role for participants in the global value chains, without either consideration for their domestic needs and beliefs or an understanding of what is best for their local communities.
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Similarly, the early completion of other industrial parks and special economic zones in Ogun state and other locations in Egypt, Ethiopia, Mauritius and Zambia are critical for industrialization drive in Africa and integration into the global value chain (Davies, 2010).
Also, Dietzenbacher et al. (2013) linked Brazil's IRIO IO table into the WIOT and evaluated the role of Brazilian regions in the global value chain.
Although Chinese companies are trying to raise their position in the global value chain by changing their export structure, they still have a long way to go.
Developing countries, however, are often forced to be low-locked in the global value chain due to their own resource endowments, division of global value chains and various other reasons (Gereffi, 1999; Cramer, 1999).
In order to support the region's position in the global value chain race [16] the V4 region needs shared visions about the future of business and shared actions combined with smart specialization policies implementation [19, 20] to take advantage from interregional opportunities and be up to international competition.
Australians are constantly told that our economy is '"in transition".' We need to move up the global value chain, build knowledge-based industries, prepare for the Asian Century, and be the "food bowl of the world".
Precisely what policies should be introduced to support a state's ambition is not clear and will be driven in part by how they seek to position themselves within the global value chain of innovation and in part by the level of development of the sector or zone.
One common determinant in capability building appears to be the overall technology strategy of the global value chain leader (or parent company).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com