End of an Era? Global Value Chains, Trade and Development


Global value chains (GVCs) powered an economic revolution over the past three decades: growth accelerated, incomes rose, and poverty rates plunged. Almost 50% of global trade involves GVCs, but rising trade tensions and uncertainties over market access threaten their future.
Penny Goldberg, World Bank Group Chief Economist together with Arturo Herrera Gutierrez, Mexico’s Finance Minister, and Ville Skinnari, Finland’s Minister for Development Cooperation and Foreign Trade, discuss how countries can use GVCs to grow in an inclusive and sustainable manner. Goldberg also summarizes the latest World Development Report, Trading for Development in the Age of Global Value Chains while the two ministers reflect on experiences of their countries.
Panelists reflect on the need to continue a rules-based trade system as well as stable trade agreements. They also discuss how to address inequality, gender equality and climate change within GVCs context. 

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Course Details

  • Language: English
  • Mode: Journey