Editor: World Bank Group
Publication Year: 2020
Publisher: World Bank
Price: Core Collection Only
ISBN: 978-1-46-481457-0
Category: Business, Finance & Economics - Economics
Image Count:
140
Book Status: Available
Table of Contents
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. This book examines whether there is still a path to development through GVCs and trade.