When and why did GVC theory emerge? A) In 2005, as a way to find pattern of learning for governments and firms. B) In the 21^st century because governments can help their companies upgrade into higher-value activities. C) Early in the 1990s to measure the ability of MNC to upgrade. D) Early in the 1990s to understand how different countries and companies participate in the creation of a single product. E) In 2005, to find better and more flexible contexts for international cooperation.

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Quizplus · Accepted Answer

Global Value Chain (GVC) theory emerged early in the 1990s to understand the complex processes through which different countries and companies contribute to the creation and distribution of a single product, highlighting the interconnectedness of global economies and industries.

When and Why Did GVC Theory Emerge