Value chains: relevant experiences in Ecuador.

Abstract

Value chains boost and make the production process more efficient; generally, they imply lower transaction costs, faster decisions, greater innovation, better services to clients, a more efficient use of resources and favor productive diversification. In this article we study the value chains of Latin America and the Caribbean with emphasis on Ecuador, with the purpose of favoring the elaboration of a theoretical-practical framework pertinent to the industrial policy actions that are being developed to increase their insertion in the international market and pass, in the economies of the region, the vulnerability to economic and social sustainability.