Global Value Chains, Trade and Jobs
Thursday 30 May - 12pm
The OECD-WTO work on Trade in Value-Added (TiVA) has begun to revolutionise our understanding of what is going on in global, trade, investment and production. In particular, the international fragmentation of production into global value chains (GVCs) challenges the way we develop policies around them.
Policy measures are needed to ensure that all countries can draw the benefits - including job creation - of engagement in global value chains and more integrated markets. This might include: the elimination of administration costs at borders, opening markets further and avoiding protectionism, introducing complementary policies to ensure that growth is inclusive and sustainable by enabling firms in developing countries to enter and move up the value chain.