Trading for development in the age of global value chains
著者
書誌事項
Trading for development in the age of global value chains
（World development report, 2020）
World Bank Group, c2020
- : softcover
- : hardcover
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"A World Bank Group flagship report"
Includes bibliographical references
内容説明・目次
- 巻冊次
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: softcover ISBN 9781464814570
内容説明
The world is, and always has been, interconnected. But the degree of country interdependence we are witnessing now is unprecedented. Cross-national transactions are fundamentally different, both qualitatively and quantitatively, from when the last World Development Report on 'Industrialization and Foreign Trade' was written thirty years ago. Tariff reduction and significant advances in production, communication and transportation technologies led to the emergence and expansion of GVCs. The result was growth in global trade at twice the rate of income growth from the early 1990s until the mid-2000s. Today, production is fragmented and distributed across multiple places, and the parts produced in each place are shipped across the globe often crossing borders multiple times.
The 2020 World Development Report will analyze the implications of the changing face of globalization for development. It will explore why global value chains (GVC) have formed in some sectors and regions, while others have been left out. It will examine how GVCs affect growth, inequality and poverty, as well as the transmission of shocks across countries. The report will consider whether new technologies or a change in trade policies create incentives to produce closer to home, reducing the potential for countries to benefit from a finer international division of labor. Finally, it will explore how national policies can promote sustainable development in a GVC world. But because production has become fragmented across countries, national policy is unlikely to be enough. The report will also consider how international cooperation on trade and other policies can support inclusive growth in a GVC world.
- 巻冊次
-
: hardcover ISBN 9781464814945
内容説明
Global value chains (GVCs) powered the rapid expansion of international trade after 1990. Countries import not only for domestic consumption, but also to export, and transactions typically involve long-term, firm-to-firm relationships rather than anonymous spot market transactions.
Trade and the rise of GVCs enabled an unprecedented convergence: poor countries grew faster and began to catch up with richer countries. More than 1 billion people escaped poverty as a result. Since the Great Recession, the growth of trade has been sluggish and the expansion of GVCs has slowed down. At the same time, potentially serious threats have emerged to the model of labor-intensive, trade-led growth. New labor-saving technologies could draw production closer to the consumer and reduce demand for labor. And trade conflict among large countries could lead to a retrenchment of supply chains or a segmentation of GVCs.
The World Development Report (WDR) 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs. 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 and industrial countries pursue open, predictable policies.
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