Summary of Global Value Chains

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Rating

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7 Importance

8 Innovation

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Recommendation

In a joint report, the OECD, the World Trade Organization and the World Bank Group explain that global value chains (GVCs) have made dramatic changes in the nature of international trade. Yet for GVCs to function effectively, the commercial environment – which includes government – must provide a whole range of supportive elements, including infrastructure and jobs training. Therefore, policy makers must consider GVCs’ linked functions as a whole process, not as fragments. getAbstract recommends this comprehensive report to those who deal with international trade, including government officials, corporate managers and research analysts.

In this summary, you will learn

  • How global value chains (GVCs) have changed international trade,
  • What pros and cons these interlinked processes present, and
  • What the public and private sectors can do to enhance their nation’s positions in GVCs.
 

About the Authors

The OECD promotes global economic advancement. The World Trade Organization seeks to ensure free trade among nations. The World Bank provides financial and technical assistance to developing countries.

 

Summary

Transforming Trade and Production
New production patterns have boosted the growth of global value chains (GVCs), which coordinate the spread of capital and knowledge through manufacturing and distributing goods and services. Technological changes in communication and transportation have...

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