Participation In Global Value Chains And Its Role In The Treatment Of Dutch Disease

Abstract

With the continuous drop of prices over no signs of any short term growth and recovery period in global energy markets and oil especially; which turned into being an economic phenomenon known before as the "Dutch-disease" or what is known also as the “resource curse”, or the “paradox of plenty” which have long effected energy-based economies like most of Arab countries, some Latin Americas…etc. This crisis pushed them to find urgent solutions to control the spread of this economic disease, and perhaps the most prominent of these solutions is to diversify its manufacturing base destined for export, in order to find other sources of national income, and why not diversify their economies and transform them to the advanced industrial economies over the long term, as we will try in this paper to explain and propose a solution that can be of the most prominent solutions at the moment, namely participation in the global value chain.