This panel discussion will explore the emerging importance of global value chains (GVCs) in global trade and the implications of that rise for low-income countries. No longer is trade as simple as manufacturing a product in one country and selling it to another. Today, goods often cross many borders, accruing components and requiring complex interactions.
The place of GVCs in local economies is also not simple: the skills required and wages offered mean that they may not benefit the poor. Panelists will discuss these issues from the perspective of multilateral organizations, the private sector, and individual, developing-country governments.