Presentation
The Future of Trade and Value Chains
World Bank Group
July 10, 2019
Presentation
The Future of Trade and Value Chains
World Bank Group
July 10, 2019
About this Lecture
Global value chains are being reshaped by rising demand and new industry capabilities in the developing world as well as a wave of new technologies. Globalization is in the midst of a transformation. Yet the public debate about trade is often about recapturing the past rather than looking toward the future. The mix of countries, companies, and workers that stand to gain in the next era is changing. Understanding how the landscape is shifting will help policy makers and business leaders prepare for globalization’s next chapter and the opportunities and challenges it will present.
About ECA Lectures
The ECA Lectures are monthly events chaired by Asli Demirgüç-Kunt, Chief Economist for Europe and Central Asia. The Lecture Series brings distinguished academics, policymakers and other experts to the Bank to discuss issues relevant for the Europe and Central Asia region. The series aims to bring cutting edge research and thinking to challenge and contribute to the Bank’s intellectual climate, and reexamine conventional wisdom in current development theories and practices. Please visit the ECA Chief Economist homepage for more information and details.
Susan Lund is a partner at McKinsey & Company and a leader of the McKinsey Global Institute, based in Washington, DC. She is an expert on global labor markets, financial markets, and trade. Her latest research assesses how new technologies and shifts in demand are impacting global trade and value chains. Recent research analyzed the effects of automation and artificial intelligence on the future of work and workforce skills; provided new evidence on the size and motivations of the gig economy in the United States and Europe; quantified the potential economic impact of digital finance and mobile money in developing countries; and assessed the continuing accumulation of global debt and potential risks.