The future of global value chains Business as usual or "a new normal"?

The rapid growth of global value chains (GVCs) has been an important driver of globalisation during the past decades. But the international fragmentation of production appears to have lost momentum and GVCs seem to have stalled in recent years. The world economy is facing a number of structural shif...

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Bibliographic Details
Main Author: De Backer, Koen
Other Authors: Flaig, Dorothee
Format: eBook
Language:English
Published: Paris OECD Publishing 2017
Series:OECD Science, Technology and Industry Policy Papers
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary:The rapid growth of global value chains (GVCs) has been an important driver of globalisation during the past decades. But the international fragmentation of production appears to have lost momentum and GVCs seem to have stalled in recent years. The world economy is facing a number of structural shifts that may dramatically change the outlook of GVCs in the coming years. The empirical evidence evaluating the potential impact of these shifts however largely lags behind, which makes these discussions somewhat speculative. By describing how these shifts will likely evolve over the next 10 to 15 years and calculating their effects on global production and trade, the scenarios in this paper offers new - empirically funded - insights on the future of GVCs
Physical Description:58 p