SOURCE: WORLD TRAE ORGANIZATION
16 November 2021
Global value chains (GVCs) have proven to be resilient in the face of the challenges posed by the COVID-19 pandemic as well as environmental and geopolitical shocks according to a new report co-published by the WTO, the Asian Development Bank (ADB) and three other institutions on 16 November. The report details recent trends in GVCs, looking in particular at the increasing role of services and intellectual property, and sheds light on their importance for global economic recovery.