| Description |
1 online resource (xix, 266 pages) : color illustrations, color maps |
| Series |
World Development Report |
|
World development report.
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| Contents |
Part I: Overview -- Part II: Global value chains: What are they? The new face of trade -- Drivers of participation -- Part III: What are the effects of GVCs? Consequences for development -- Macroeconomic implications -- Impact on the environment -- Technological change -- Part IV: What domestic policies facilitate fruitful participation? -- Policies to enhance participation -- Cooperation beyond trade -- Appendices. Databases used in this report -- Glossary |
| Summary |
"Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation"-- Provided by publisher |
| Bibliography |
Includes bibliographical references |
| Notes |
Description based on online resource; title from resource home page (World Bank, viewed May 10, 2021) |
| Subject |
Business networks.
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International economic integration.
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Supply and demand.
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Business logistics.
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Economic development.
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Economic policy.
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Globalization.
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economic development.
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globalism.
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Supply and demand
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Business logistics
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Business networks
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Economic development
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Economic policy
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Globalization
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International economic integration
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| Form |
Electronic book
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| Author |
Freund, Caroline L., editorial director.
|
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Mattoo, Aaditya, editorial director.
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Antràs, Pol, 1975- editorial director.
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World Bank, issuing body.
|
| ISBN |
9781464814952 |
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1464814953 |
|
