The OECD, WTO and UNCTAD have provided new metrics and will extend their work to better assess the impact of GVCs on trade, investment, development, growth and jobs. The message from on-going work presented in this report is clear: Global value chains are the consequence of and depend upon open markets, and need to be complemented with appropriate policy frameworks including for strengthening of productive capacities. The fragmentation of production in GVCs should also be accompanied by at least a changed emphasis in trade and investment policies which takes more actively into account the growing interdependence between policy stances of exporters and importers, host countries and home countries. Moreover, ambitious economic integration agreements that more coherently cover all dimensions of market access (not least access to key inputs) can help countries to maximise the gains from production sharing. At the same time, open and stable trade and investment policies need to be accompanied by a range of other sound policies to pave the way for any economy to access, and benefit from, those value chains.

CAWTAR | 2019-02-03 13:47:51

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/Economic development// Global value chains //Trade/ /Investment//Economic empowerment//Employment//Indicators/​