GVCs provide new opportunities for developing countries to increase their participation in global trade and to diversify their exports. Without GVCs, a developing country would have to be able to produce a complete product in order to expand into a new line of business. Historically, developing countries have tended to export unprocessed raw materials, suggesting that the jump to producing finished goods was difficult. Today, because of the opportunities for integrating in specific parts of the value chain, many developing countries are exporting primarily manufactured goods. The development of GVCs has no doubt contributed to this diversification of exports. Still, only a small number of developing economies are deeply involved in GVCs, China being the best example.
It is also vital to analyze valued added in trade and GVCs as the data on the gross value of trade can be misleading. This report highlights how shifting the analysis to value added radically changes the picture.
READ / DOWNLOAD GLOBAL VALUE CHAIN DEVELOPMENT REPORT 2017
It is also vital to analyze valued added in trade and GVCs as the data on the gross value of trade can be misleading. This report highlights how shifting the analysis to value added radically changes the picture.
READ / DOWNLOAD GLOBAL VALUE CHAIN DEVELOPMENT REPORT 2017
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