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International Journal of Frontiers in Sociology, 2023, 5(13); doi: 10.25236/IJFS.2023.051319.

The necessity for developing countries to develop an entire supply chains in the trends of globalisation


Haiyang Zhao

Corresponding Author:
Haiyang Zhao

The University of Warwick, Coventry, United Kingdom


Globalisation, as a term, was first coined in the 1980s. Following the development of global transportation method and the communication technology, globalisation has made twice leaps forward in human history. The most important advantage of globalisation is reducing the cost of product and knowledge, which helped countries to involve in the construction process of global value chain. Based on this background, this study aims to identify the necessity for a country to be a part of the global value chain or to develop independent entire supply chain. To achieve the objective, examples, such as China, Russia, South Korea and Thailand, will be provided. The unique value of this research lies in the detailed illustration of the importance of building an entire supply chain for a country.


Globalisation, FDI, Thailand, China, Russia, South Korea, Global Value Chain, Supply Chain

Cite This Paper

Haiyang Zhao. The necessity for developing countries to develop an entire supply chains in the trends of globalisation. International Journal of Frontiers in Sociology (2023), Vol. 5, Issue 13: 120-126. https://doi.org/10.25236/IJFS.2023.051319.


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