Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Reshaping Global Value Chains in Light of COVID-19: Implications for Trade and Poverty Reduction in Developing Countries
    Reshaping Global Value Chains in Light of COVID-19: Implications for Trade and Poverty Reduction in Developing Countries
    Reshaping Global Value Chains in Light of COVID-19: Implications for Trade and Poverty Reduction in Developing Countries
    Ebook132 pages4 hours

    Reshaping Global Value Chains in Light of COVID-19: Implications for Trade and Poverty Reduction in Developing Countries

    By Paul Brenton, Michael J. Ferrantino and Maryla Maliszewska

    ()

    Read preview

    About this ebook

    Global value chains (GVCs) have driven dramatic expansions in trade, productivity, and economic growth in developing countries. This book examines the impact of the COVID-19 pandemic on GVCs and explores whether they can continue to be a driver of trade and development.

    The report reviews previous crises and what these tell us about the resilience of GVC firms to shocks. It examines the observed impact of COVID-19 on trade during the sharp global recession of 2020. It summarizes discussions with GVC firms on the impacts of, and their responses to, the COVID shock. GVCs showed surprising resilience, but the rapid recovery raised new issues with supply chains. The book then explores simulations from a global economic model of the potential longer-term impacts of COVID-19 on developing countries and other key factors shaping the global economy, including the evolving role of China, increasing trade restrictions and policy responses to global warming.

    The analysis shows that while there are risks associated with GVCs, especially those concentrated around key nodes and where opportunities to find alternative suppliers or buyers are limited, there are mechanisms by which GVCs maintain trade relationships during a crisis, paving the way for a strong trade-led recovery. Measures are identified that can enhance the resilience of GVCs in low-income countries. This report finds that policies that maintain and enhance trade can contribute toward crisis management and recovery. Attempts to reshore production would make all countries worse off, including those that implement them, and could drive 52 million people, mainly in Africa, into extreme poverty. Measures to meet climate change commitments will have more profound impacts, leading to a shift away from carbon-intensive GVCs, while new opportunities for trade will arise in GVCs that are less carbon intensive.
    LanguageEnglish
    PublisherWorld Bank Publications
    Release dateMar 1, 2022
    ISBN9781464818226
    Reshaping Global Value Chains in Light of COVID-19: Implications for Trade and Poverty Reduction in Developing Countries

    Related to Reshaping Global Value Chains in Light of COVID-19

    Related ebooks

    Industries For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Understanding Fuel Hedging Contracts

      May 21, 2021

      Most farmers would be surprised to know that the term ‘hedge’, now synonymous with investment banks and financial markets, has its origins in the 14th century when it was used to describe a fence made from a row of bushes. Therefore, to hedge a piece

      3 min read

    • Article

      Stress

      Nov 30, 2022

      WHAT WILL GIVE LENDERS THE EDGE IN CUSTOMER SERVICE? At the end of 2021, the pandemic remained a key concern for consumers. As 2022 comes to a close, we are in a very different situation – inflation and rate rises have replaced Covid as the primary c

      1 min read

    • Article

      Now What?

      Sep 1, 2021

      Now What?
      2 min read

    • Article

      A Time Of Transition

      Jan 5, 2023

      What’s next? This is the simple but significant question on the minds of many, from Chinese citizens to global financial institutions and brands, to governments around the world. What’s next for China and what are China’s economic prospects for the f

      4 min read

    • Article

      The 13 Best Health Care Stocks to Buy for 2021

      Nov 19, 2020

      The most important healthcare story of 2020 was COVID-19, without a doubt. It was an event with few peers, and it challenged some parts of the sector while elevating others. And in one way or another, COVID likely will have an impact on many of 2021'

      1 min read

    • Article

      The 13 Best Healthcare Stocks to Buy for 2021

      Nov 19, 2020

      The most important healthcare story of 2020 was COVID-19, without a doubt. It was an event with few peers, and it challenged some parts of the sector while elevating others. And in one way or another, COVID likely will have an impact on many of 2021'

      1 min read

    • Article

      Pandemic Trumps Climate; But Not For Long

      Jan 21, 2021

      FELICITY CAIRD is the Institute of Directors’ general manager, governance leadership and membership. The Coronavirus pandemic and its wildfire spread around the globe is the defining event of 2020. It has dominated headlines, policy-making, how we l

      3 min read

    • Article

      A Better Tomorrow

      Jun 25, 2020

      The author is director of the EU-China Program at the Centre International de Formation Européenne The impact of the novel coronavirus disease (COVID-19) on the world economy is yet to be assessed. Estimations are particularly difficult because plans

      4 min read

    • Article

      6 Stocks to Buy as Delta Variant Cases Surge

      Aug 12, 2021

      There's been an alarming rise in COVID-19 cases in recent weeks, due in large part to the delta variant. While worries over this strain of COVID-19 has created market volatility alongside the spike in infection rates, it's also created some potential

      1 min read

    • Article

      Toward Wider Openness

      Apr 28, 2022

      How will China’s improved business climate help the domestic and global economies supplement and reinforce one another? Representatives of foreign business communities share their insights on CDF Voice, a social media column of the China Development

      4 min read

    • Article

      Exporters Face Another Challenging Year

      Jan 17, 2023

      Opportunities for exporters to get together have been scarce of late. But 2022 saw the triumphant return of New Zealand's largest exporter conference, ExportNZ's Go Global, after a two-year absence. Exporters from around the country gathered to discu

      2 min read

    • Article

      Where To Cash In Your Chips

      Sep 1, 2021

      Where To Cash In Your Chips
      2 min read

    • Article

      How Omnia Turned The Tide

      Aug 10, 2020

      How Omnia Turned The Tide
      4 min read

    • Article

      Exploring Impact Metrics

      Aug 7, 2020

      Exploring Impact Metrics
      3 min read

    • Article

      Riding A Giant Ad Wave

      Nov 28, 2021

      The Australian economy has emerged from the COVID-19 pandemic in overdrive Consumers ran from their lockdown cages with shopping bags in hand. Brands are spending on advertising to lure these spenders who are intent on revenge shopping to make up for

      25 min read

    • Article

      Central Banks

      Jul 25, 2019

      Central Banks
      16 min read

    • Article

      Managing Supply Chain Disruptions Smoothly

      Jun 29, 2020

      If you own rands and need to buy from countries where the euro, the US dollar and the British pound are the currency of choice, life can be miserable. On a positive note, if you can sell your product onto those same markets, you can profit from the r

      2 min read

    • Article

      ‘Talk Shops’ Without Any Developmental Impacts

      Apr 14, 2024

      At the height of Thatcherism in the late 1980s, the slogan “There is No Alternative” (Tina) was the clarion call by the Global North. In a post-Covid climate crisis era, it seems the song remains the same. The International Monetary Fund (IMF) and W

      4 min read

    • Article

      Must Never Lose Sight Of Risk & Crisis Management

      Jan 21, 2021

      We are living in an interconnected world with an interdependency which is going to get stronger in the coming years. Leaps in technology, rising influence of social media, access to information at click of a button, progress in transport infrastructu

      4 min read

    • Article

      World 2.0

      Jan 1, 2021

      World 2.0
      2 min read

    Related categories

    Reviews for Reshaping Global Value Chains in Light of COVID-19

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Reshaping Global Value Chains in Light of COVID-19 - Paul Brenton

      Enjoying the preview?
      Page 1 of 1