Listen "Episode 7 (Policy makers edition). Global Value Chains, a powerful driver for economic progress"
Episode Synopsis
"Accelerating Development" embarks on a comprehensive deep dive into Global Value Chains (GVCs), exploring their profound impact on global economies and development. We discuss how GVCs have historically fueled economic progress and poverty reduction, demonstrating a significantly more powerful effect on per capita income growth compared to traditional trade, driven by hyper-specialization and durable long-term relationships. Generated with AI using wondercraft.ai and guided by our experts.
However, the GVC landscape is actively evolving. We examine the slowing growth observed since the 2008 financial crisis, new technological advancements like 3D printing, and the increasing influence of geopolitical trade tensions, raising critical questions for researchers and policymakers on how developing countries can effectively navigate and benefit from these shifts.
Our discussion highlights the key drivers for GVC participation, emphasizing the crucial role of factor endowments, market access, geographic connectivity, technology, foreign direct investment, and robust institutions. We also delve into the complexities of making GVCs work for broader, more inclusive, and sustainable development goals, addressing environmental impacts, potential social inequalities, and the vital importance of continuous upgrading and proactive risk management through smart policy. What new research questions emerge regarding the long-term path for countries deeply integrated into GVCs given these fundamental shifts?
However, the GVC landscape is actively evolving. We examine the slowing growth observed since the 2008 financial crisis, new technological advancements like 3D printing, and the increasing influence of geopolitical trade tensions, raising critical questions for researchers and policymakers on how developing countries can effectively navigate and benefit from these shifts.
Our discussion highlights the key drivers for GVC participation, emphasizing the crucial role of factor endowments, market access, geographic connectivity, technology, foreign direct investment, and robust institutions. We also delve into the complexities of making GVCs work for broader, more inclusive, and sustainable development goals, addressing environmental impacts, potential social inequalities, and the vital importance of continuous upgrading and proactive risk management through smart policy. What new research questions emerge regarding the long-term path for countries deeply integrated into GVCs given these fundamental shifts?
More episodes of the podcast Accelerating Development: Ideas for Impact
Episode 10 (Researchers edition). Beyond Borders: Rethinking Migration for Global Development
01/08/2025
Episode 10 (Policy makers edition). Beyond Borders: Rethinking Migration for Global Development
01/08/2025