Events

Seminar “World Development Report (WDR) 2020: Trading for Development in the Age of Global Value Chains”

November 25, 2019

Tokyo, Japan

Co-organized World Bank Group and JICA Research Institute

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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.

    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 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.

    At this seminar, Aaditya Mattoo, Co-Director of the WDR 2020 and Chief Economist for East Asia and Pacific Region , presented the main findings of the report.

    Program

    Opening remarks

    Masato Miyazaki
    Special Representative, Japan, World Bank

    Keynote speech

    Aaditya Mattoo
    Co-Director of the WDR 2020 and Chief Economist for East Asia and Pacific Region, World Bank

    Presentation Material: Trading for Development in the Age of Global Value Chains (PDF)

    Panel discussion

    Akio Hosono
    Senior Research Advisor, JICA Research Institute

    Yasuyuki Todo
    Professor,  Waseda University (via videoconference from Sydney)

    Aaditya Mottoo

    Moderator

    Izumi Ohno
    Director, JICA Research Institute

    Speaker

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    Aaditya Mottoo
    Co-Director of the WDR 2020 and Chief Economist for East Asia and Pacific Region, World Bank

    Aaditya Mattoo is Chief Economist of the East Asia and Pacific Region of the World Bank.  He specializes in development, trade and international cooperation, and provides policy advice to governments.  He is also Co-Director of the World Development Report 2020 on Global Value Chains.  Prior to this he was the Research Manager, Trade and Integration, at the World Bank. Before he joined the Bank, Mr. Mattoo was Economic Counsellor at the World Trade Organization and taught economics at the University of Sussex and Churchill College, Cambridge University. He holds a Ph.D. in Economics from the University of Cambridge, and an M.Phil in Economics from the University of Oxford. He has published on development, trade, trade in services, and international trade agreements in academic and other journals and his work has been cited in the Economist, Financial Times, New York Times, and Time Magazine.

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EVENT DETAILS

  • DATE/TIME: Monday, November 25, 2019, 4:00pm-6:00pm
  • VENUE: World Bank Tokyo Office, 14th Floor, Fukoku Seimei Building, 2-2-2 Uchisaiwaicho, Chiyoda-ku, Tokyo, Japan (Please refer "ACCESS" in RELATED below)
  • LANGUAGE: English and Japanese (with simultaneous interpretation)
  • CONTACT: Koichi Omori, World Bank Tokyo TEL: 03-3597-6650
  • komori@worldbankgroup.org