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
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.
 Baldwin, R. (2016) The great convergence: Information technology and the new globalization. Cambridge: The Belknap Press of Harvard University Press.
 Christopher, M. (2016) Logistic & Supply chain management. Harlow: Pearson.
 Fischer, P. (2000) Foreign direct investment in Russia: A strategy for industrial recovery. Basingstoke: Palgrave Macmilian.
 Hahn, B. (2020) Technology in the industrial revolution. Cambridge: Cambridge University Press.
 Islam, N. ed. (2019) Silk Road to Belt Road: reinventing the past and shaping the future. Singapore: Springer.
 Karabell, Z. (2020) Will the coronavirus being the end of globalization? Don’t count on it. [Online] Available from: https://www.wsj.com/articles/will-the-coronavirus-bring-the-end-of-globalization-dont-count-on-it-11584716305 (Accessed 26th March, 2020)
 Khan, M. M. and Akbar, M. I. (2013) The impact of political risk on Foreign Direct Investment. Munich: MPRA.
 Klaseri, A. ed. (2020) The handbook of global trade policy. Hoboken: John Wiley & Sons.
 Macmillan, P. ed. (2016) Economic development in the middle esat and North Africa: Challenges and prospects. New York City: Houndmills.
 Nordea. (2020) Foreign direct investment (FDI) in Thailand. [online] Available from: https://www.nordeatrade.com/en/explore-new-market/thailand/investment (Accessed 29 March, 2020)
 Ogutcu. M. (2002) Attracting Foreign Direct Investment for Russia’s Modernization. Saint Petersburg: OECD-Russia Investment Roundtable.
 Oliver, R. and Webber, M. (1982) Supply Chain management: Logistics catches up with strategy. Outlook, Vol. 5, pp. 42-47.
 Pedersen, T. Devinney, T.M. and Camuffo, A. ed. (2017) Breaking up the global value chain: opportunities and consequences. Bingley: Emerald Publishing limited.
 Pomeranz, K. (2009) The great Divergence: China, Europe, and the Making of the modern World Economy. Princeton: Princeton University Press.
 Rosling, H. (2018) The gap Instinct. In: Rosling, H. Factfulness: Ten reasons we are wrong about the world. Hachette: Sceptre: 353.
 Wilson, E. J. (2004) The information revolution and developing countries. Cambridge: MIT Press.
 World Bank. (2020) The world Bank Data. [online] Available from: https://data.worldbank. org/indicator/NY.GDP.MKTP.CD?end=1973&start=1960&view=chart (Accessed 22nd March, 2020)
 World Trade Organisation. (2020) Regional Trade Agreement. [online] Available from: https://www.wto.org/english/tratop_e/region_e/region_e.htm (Accessed 23rd March, 2020)
 Ye, M. (2014) Diasporas and Foreign Direct Investment in China and India. Cambridge: Cambridge University Press.
 Zhao, Z. and Lv, Z. (2009) Global Supply Chain and the Chinese Auto Industry. The Chinese Economy, 42:6, 27-44.