Openness, global value chains, and productivity-enhancing policies
The international fragmentation of production in global value chains (GVCs) challenges the way we look at the global economy. It is essential to understand how GVCs are transforming, how they affect productivity and for whom, and how policy can help countries derive the potential productivity benefits from participation in GVCs.
The 2017 Conference of the Global Forum on Productivity brought together Ministers, senior policy-makers, experts and academics to address some of the leading questions related to the theme of “openness, global value chains, and productivity-enhancing policies”. Over 180 participants from 36 countries were represented. This included 30 OECD member countries, one accession country (Costa Rica) and Brazil, Russian Federation, Barbados, Romania and United Arab Emirates among non-OECD G20 countries. The conference encompassed discussion on several topics:
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The changing structure of GVCs: Are central hubs key for productivity? by Chiara Criscuolo and Jonathan Timmis
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