Title World Development Report 2020
Subtitle Trading for Development in the Age of Global Value Chains
Author World Bank Group
ISBN 9781464814570
List price USD 39.95
Price outside India Available on Request
Original price
Binding Paperback
No of pages 294
Book size 203 X 267 mm
Publishing year 2020
Original publisher The World Bank
Published in India by .
Exclusive distributors Viva Books Private Limited
Sales territory India, Sri Lanka, Bangladesh, Pakistan, Nepal, .
Status New Arrival
About the book

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. World Development Report 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.







Part I: Overview

Overview • The expansion of GVCs could stall unless policy predictability is restored • GVCs boost incomes, create better jobs, and reduce poverty • The gains from GVCs are not equally shared, and GVCs can hurt the environment • New technologies on balance promote trade and GVCs • National policies can boost GVC participation • Other policies can help ensure GVC benefits are shared and sustainable • International cooperation supports beneficial GVC participation • Notes • References


Part II: Global value chains: What are they?

Chapter 1: The new face of trade • What is a global value chain? • The evolution of GVC participation • How are GVCs distributed across regions? • Which countries have accounted for most of the GVC expansion? • How are GVCs distributed across sectors? • A few large trading firms account for most GVC trade • Notes • References

Chapter 2: Drivers of participation • Factor endowments matter • Market size matters • Geography matters • Institutional quality matters • Transitioning up the GVC typology • Notes • References


Part III: What are the effects of GVCs?

Chapter 3: Consequences for development • Economic growth • Employment • Poverty and shared prosperity • Distribution of gains • The gender gap • Taxation • Notes • References

Chapter 4: Macroeconomic implications • Synchronizing economic activity • Propagating shocks • Synchronizing inflation • Reducing the effect of devaluations • Mitigating trade diversion and increasing trade • The return of protectionism • Notes • References

Chapter 5: Impact on the environment • Scale effects of trade and growth • Changes in the composition of production • Relational GVCs and production techniques • Green goods • Notes • References

Chapter 6: Technological change • Declining trade costs • New products • Automation anxiety • Openness and innovation • Export-led industrialization • Notes • References


Part IV: What domestic policies facilitate fruitful participation?

Chapter 7: Policies to enhance participation • Facilitating participation • Policies to enhance benefits • Policies for upgrading • Notes • References

Chapter 8: Policies for inclusion and sustainability • Sharing the gains • Managing adjustments • Environmental sustainability • Notes • References


Part V: How can international cooperation help?

Chapter 9: Cooperation on trade • The case for cooperation • Deepening trade cooperation • Notes • References

Chapter 10: Cooperation beyond trade • Taxes • Regulation • Competition policy • Infrastructure • Notes • References


Appendix A: Databases used in this Report

Appendix B: Glossary

Target Audience:

This book will be useful to people interested in trade policy, economics and labour studies.

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