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Meaning of “global value chain” in the English Dictionary

"global value chain" in Business English

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global value chainnoun [C]

uk   us   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 from the Cambridge Business English Dictionary © Cambridge University Press)
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