How can global value chains foster innovation and technology transfer?

In a world increasingly connected with science and technology, the Global Value Chain, will be the best way for companies and people to exchange experiences, studies and informations in order to have a better sustainable planet at all levels, including cyber security.

Global value chains stimulate innovation and technology transfer by creating interconnected networks where diverse expertise converges. In this collaborative ecosystem, companies leverage specialized skills from different regions, accelerating the exchange of technological advancements. Through strategic partnerships and efficient knowledge sharing, innovative ideas seamlessly traverse borders. This interconnectedness promotes a dynamic environment, fostering the adoption and adaptation of cutting-edge technologies across the global landscape. The result is a continuous flow of innovation, as each participant contributes unique insights, ultimately propelling the entire value chain towards technological excellence.

Innovation and technology transfer can be a powerful tool for firms and workers in GVCs, as it enables them to access new knowledge, ideas, technologies, and markets. Learning by doing, interacting, importing, and investing are all mechanisms by which firms and workers can acquire new skills and capabilities to improve their productivity and quality. For example, through their participation in GVCs they can be exposed to higher standards, feedback, and competition. Moreover, they can access new knowledge and ideas from their interactions with other actors in GVCs through formal or informal channels of communication, collaboration, or contract. Additionally, firms and workers can benefit from the diffusion of new technologies and inputs from

Global value chains encourage innovation and technology transfer by creating interconnected networks where diverse expertise converges. It enables them to access new knowledge, ideas, technologies, and markets adding value . It is a best tool wherein hot topics like sustainability , environmental concerns etc. could be discussed and resolved.

Cadeias globais de valor (CGVs) têm um papel crucial na promo??o da inova??o e transferência de tecnologia. Ao integrar diferentes etapas produtivas em diversos países, as CGVs facilitam a colabora??o entre empresas e institui??es de pesquisa em um ambiente global. Isso permite a troca de conhecimento e melhores práticas, impulsionando a inova??o em produtos e processos. Além disso, as CGVs possibilitam o acesso a tecnologias avan?adas em diferentes partes do mundo, estimulando a ado??o e adapta??o dessas tecnologias em diferentes contextos. Essa interconex?o global também cria oportunidades para empresas emergentes e países em desenvolvimento se inserirem na economia global, contribuindo para o desenvolvimento econ?mico e social global.

The integration of innovative technologies in GVCs offers significant time and cost savings, enhancing operational efficiency. For SMEs, this can be particularly beneficial, as it levels the playing field, allowing them to compete with larger entities. Additionally, sustainable technologies can reduce environmental impact, aligning operations with global sustainability goals.

An important challenge for an enterprise is to manage the GVCs influence at the moment of create a product, this as a external factor where other contribuitor needs a process to generate part of the product nevertheless, technological advances help the enterprises to focus attention in specific moments of creation where they need to perform a better work in that case, technology helps to reduce time and costs meanwhile the human resource is capable of improving in product's quality.

The benefits of innovation and technology transfer imply an improvement at the industrial level, which translates for the company into an improvement in the quality of its products, facilitating operations and processes, as well as encouraging participation in activities of greater value in production. They facilitate the company's diffusion in local and global markets.

The main challenges include ensuring that technology transfer respects intellectual property rights and aligns with local regulations and cultural norms. For SMEs, the high cost of adopting cutting-edge technologies can be a significant barrier, alongside the need for specialized training and support.

The challenge that companies and governments have based on the development of innovation and the transfer of technology in global value chains is the unequal distribution of resources throughout the planet and the existing power asymmetries between the various actors that make up the market. To this must be added what is related to intellectual property, the training that must be given to employees, given that new technologies impact not only on a social and environmental level. Developing clear short- and long-term strategies that allow companies to maintain themselves and continue developing their markets is a challenge that determines the steps to follow.

Policies should encourage the adoption of sustainable and compliant technologies in GVCs, offering incentives for companies that invest in eco-friendly and ethical innovations. Support mechanisms for SMEs, such as subsidies or training programs, can facilitate their involvement in technology transfer, ensuring a more inclusive GVC environment.

Main policies of GVCs should be focused on environment and people, according to several researches the pollution is caused for factories at the momento of create products, in that case, enterprise are responsible of affecting the environment so GVCs need to check a friendly process to generate products with a reduction of pollution also, generating jobs for specific population.

Each country has its own beliefs related to innovation and technology transfer in global value chains, which influences different institutions and actors, such as national governments, regional or international organizations, leading companies or even civil society. Ensuring good policies for the protection of intellectual property, social, labor and environmental rights in each country is key in order not to affect the functioning of the markets in which they operate.

Innovation and technology transfer in global value chains can be leveraged by assessing the company's position in the market and that of its main competitors, in order to develop new strategies, creating networks and relationships around the world. Companies must invest in resources to improve productivity and competitiveness, in addition to investing in systems to measure their growth. Networking with other players in global value chains facilitates communication, collaboration or contracting for innovation and technology transfer.

Companies can leverage innovation in GVCs by fostering a culture of continuous learning and adaptation. Investing in training programs ensures that employees are well-equipped to handle new technologies. Collaborative platforms can facilitate knowledge sharing, especially beneficial for SMEs with limited resources.

It's essential to maintain a balance between innovation and ethical considerations. While pursuing technological advancements, companies should also prioritize sustainability and social responsibility. Transparent communication and ethical practices in technology transfer can enhance brand reputation and customer trust, contributing to long-term success in the global market.