World Development Report 2020
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.
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Format: | Book biblioteca |
Language: | English |
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Washington, DC: World Bank
2020
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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 https://hdl.handle.net/10986/32437 |
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dig-okr-10986324372024-07-28T06:19:44Z 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 Livre Libro 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 https://hdl.handle.net/10986/32437 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf application/pdf application/octet-stream application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf Washington, DC: World Bank |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
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English |
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TRADE POLICY GLOBAL VALUE CHAIN SUPPLY CHAIN LABOR PRODUCTIVITY TECHNOLOGY INNOVATION POVERTY REDUCTION ACCESSIBLE TRADE POLICY GLOBAL VALUE CHAIN SUPPLY CHAIN LABOR PRODUCTIVITY TECHNOLOGY INNOVATION POVERTY REDUCTION ACCESSIBLE |
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TRADE POLICY GLOBAL VALUE CHAIN SUPPLY CHAIN LABOR PRODUCTIVITY TECHNOLOGY INNOVATION POVERTY REDUCTION ACCESSIBLE TRADE POLICY GLOBAL VALUE CHAIN SUPPLY CHAIN LABOR PRODUCTIVITY TECHNOLOGY INNOVATION POVERTY REDUCTION ACCESSIBLE World Bank World Development Report 2020 |
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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 |
topic_facet |
TRADE POLICY GLOBAL VALUE CHAIN SUPPLY CHAIN LABOR PRODUCTIVITY TECHNOLOGY INNOVATION POVERTY REDUCTION ACCESSIBLE |
author |
World Bank |
author_facet |
World Bank |
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World Bank |
title |
World Development Report 2020 |
title_short |
World Development Report 2020 |
title_full |
World Development Report 2020 |
title_fullStr |
World Development Report 2020 |
title_full_unstemmed |
World Development Report 2020 |
title_sort |
world development report 2020 |
publisher |
Washington, DC: World Bank |
publishDate |
2020 |
url |
http://documents.worldbank.org/curated/en/310211570690546749/World-Development-Report-2020-Trading-for-Development-in-the-Age-of-Global-Value-Chains https://hdl.handle.net/10986/32437 |
work_keys_str_mv |
AT worldbank worlddevelopmentreport2020 AT worldbank tradingfordevelopmentintheageofglobalvaluechains |
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1806032438554525696 |