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Global Value Chains and Smart Specialisation Strategy. Thematic Work on the Understanding of Global Value Chains and their Analysis within the Context of Smart Specialisation

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Global Value Chains and Smart Specialisation Strategy

The paper elaborates the foundations and functioning of global value chains, the importance of their analysis within the S3 context, in line with the existing RIS3 framework. A methodological approach to analysing a country’s position in GVCs in terms of activities, flows and relationships is presented. The approach is illustrated with its application to the Irish pharmaceutical sector.