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Global Value Chains in a Postcrisis World: A Development Perspective

Posted By: tot167
Global Value Chains in a Postcrisis World: A Development Perspective

Olivier Cattaneo, Gary Gereffi, Cornelia Staritz, "Global Value Chains in a Postcrisis World: A Development Perspective"
World Bank Publications | 2010 | ISBN: 0821384996 | 391 pages | PDF | 4,3 MB

The world is in the midst of a sporadic and painful recovery from the most severe economic crisis since

the 1930s’ Great Depression. The unprecedented scale of the crisis and the speed of its transmission

have revealed the interdependence of the global economy and the increasing reliance by businesses

on global value chains (GVCs). These chains represent the process of ever-finer specialization and

geographic fragmentation of production, with the more labor-intensive portions transferred to

developing countries. As the recovery unfolds, it is time to take stock of the aftereffects and to draw

lessons for the future. Have we experienced the first global crisis of the 21st century or a more structural

crisis of globalization? Will global trade, demand, and production look the same as before, or have

fundamental changes occurred? How have lead firms responded to the crisis? Have they changed their

supply chain strategies? Who are the winners and losers of the crisis? Where are the engines of recovery?

Global Value Chains in a Postcrisis World: A Development Perspective

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