World Development Report 2020 : Trading for Development in the Age of Global Value Chains

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, howe...

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Main Author:	World Bank
Format:	Book
Language:	English
Published:	Washington, DC: World Bank 2019
Subjects:	TRADE POLICY GLOBAL VALUE CHAIN SUPPLY CHAIN LABOR PRODUCTIVITY TECHNOLOGY INNOVATION POVERTY REDUCTION ACCESSIBLE
Online Access:	http://documents.worldbank.org/curated/en/310211570690546749/World-Development-Report-2020-Trading-for-Development-in-the-Age-of-Global-Value-Chains http://hdl.handle.net/10986/32437

id	okr-10986-32437
recordtype	oai_dc
spelling	okr-10986-324372021-07-17T05:10:38Z World Development Report 2020 : Trading for Development in the Age of Global Value Chains World Bank TRADE POLICY GLOBAL VALUE CHAIN SUPPLY CHAIN LABOR PRODUCTIVITY TECHNOLOGY INNOVATION POVERTY REDUCTION ACCESSIBLE 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 conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. This book 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. 2019-09-24T17:01:16Z 2019-09-24T17:01:16Z 2020 Book http://documents.worldbank.org/curated/en/310211570690546749/World-Development-Report-2020-Trading-for-Development-in-the-Age-of-Global-Value-Chains 978-1-4648-1457-0 http://hdl.handle.net/10986/32437 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	TRADE POLICY GLOBAL VALUE CHAIN SUPPLY CHAIN LABOR PRODUCTIVITY TECHNOLOGY INNOVATION POVERTY REDUCTION ACCESSIBLE
spellingShingle	TRADE POLICY GLOBAL VALUE CHAIN SUPPLY CHAIN LABOR PRODUCTIVITY TECHNOLOGY INNOVATION POVERTY REDUCTION ACCESSIBLE World Bank World Development Report 2020 : Trading for Development in the Age of Global Value Chains
description	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 conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. This book 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.
format	Book
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	World Development Report 2020 : Trading for Development in the Age of Global Value Chains
title_short	World Development Report 2020 : Trading for Development in the Age of Global Value Chains
title_full	World Development Report 2020 : Trading for Development in the Age of Global Value Chains
title_fullStr	World Development Report 2020 : Trading for Development in the Age of Global Value Chains
title_full_unstemmed	World Development Report 2020 : Trading for Development in the Age of Global Value Chains
title_sort	world development report 2020 : trading for development in the age of global value chains
publisher	Washington, DC: World Bank
publishDate	2019
url	http://documents.worldbank.org/curated/en/310211570690546749/World-Development-Report-2020-Trading-for-Development-in-the-Age-of-Global-Value-Chains http://hdl.handle.net/10986/32437
_version_	1764476549431558144

World Development Report 2020 : Trading for Development in the Age of Global Value Chains

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