Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “global value chain”

global value chain

noun [C]     MARKETING, PRODUCTION
the different processes in different parts of the world that each add value to the goods or services being produced: By joining a global value chain, small enterprises have the ability to transform their business into an international operation offering greater opportunities.
(Definition of global value chain noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of global value chain

Word of the Day

beneficiary

a person or group who receives money, advantages, etc. as a result of something else

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More