Author(s)

Yao Chen, Jiaping Wang, Yu Zhou, Yangkai Lou, Bofan He^*

Affiliation(s)

School of International business, Zhejiang Yuexiu University, Shaoxing, 312000, Zhejiang Province, China.

Corresponding Author

Bofan He, email: 20171017@zyufl.edu.cn

ABSTRACT

As "the hometown of Chinese socks industry, Datang Socks is not only one of the six pillar industries in Zhuji City", but also 70% of the socks in the country are produced in Zhuji Datang. However, it is currently facing the problems of low industrial level, low industrial concentration and low industrial quality. This paper studies the solution to the development problem of Datang socks industry and the path of industrial upgrading by using the theory related to the global value chain. This paper proposes solutions from the aspects of building its own value chain and innovative technology by studying the development characteristics and development history of Datang socks industry, combined with the theory of buyer-driven chain, production-driven chain, and international division of labor in the global value chain. By studying the industrial upgrading of Datang Socks from the perspective of the global value chain, on the one hand, it provides suggestions for the future industrial upgrading of Datang Socks, and on the other hand, it can also be used as a reference for other manufacturing industries in China to seek industrial upgrading.

KEYWORDS

Global value chain; Datang socks; Industrial upgradin.

CITE THIS PAPER

Yao Chen, Jiaping Wang, Yu Zhou, Yangkai Lou, Bofan He. Research on the upgrading approach of Datang Socks industry. Trends in Social Sciences and Humanities Research. 2023, 1(1): 25-32.

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