Author : World Bank
Release : 2019-11-19
Genre : Business & Economics
Kind :
Book Rating : 953/5 ( reviews)

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World Development Report 2020 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook World Development Report 2020 write by World Bank. This book was released on 2019-11-19. World Development Report 2020 available in PDF, EPUB and Kindle. 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 trade 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.