The BRICs in the Global Value Chains : An Empirical Note

This paper explores the interconnections between the BRIC economies and the world economy by analyzing their key competitiveness and disadvantages in the global value chains. It shows evidence that the BRIC economies continue in the lower value-added fragments of the global value chains. In the long term, their economic growth might be constrained by technological capacity. Therefore, in order for the BRICs to sustain their development in the long run, they need to focus on improving their technological capacity to move up the value chains