The opportunities for Asian SMEs in global value chains are enormous. Participation in value chains exposes them to a large customer/buyer base, as well as opportunities to learn from large firms and from engaging and surviving in the hotly contested sectors of the global marketplace.
The penetration of global value chains, however, also presents huge and often daunting challenges for SMEs.
They may fail to gain a foothold and have to forgo large market development expenditures as a result. With global opportunities come global risks.