Global value chain development report 2021: Beyond production

• Main Authors: XING, Yuqing, GENTILE, Elisabetta, DOLLAR, David, et al.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: Economic research and trade policy analysis; Economics
• Online Access: https://ink.library.smu.edu.sg/soe_research/2598; https://ink.library.smu.edu.sg/context/soe_research/article/3597/viewcontent/global_value_chain_development_report_2021.pdf
• Institution: Singapore Management University

A radical shift is underway in global value chains as they increasingly move beyond traditional manufacturing processes to services and other intangible assets. Digitization is a leading factor in this transformation, which is being accelerated by the coronavirus disease (COVID-19) pandemic. The Global Value Chain Development Report 2021, the third of a biennial series, explores this shift Beyond Production. This report shows how the rise of services value chains offers a new path to development and how protectionism and geopolitical tensions, environmental risks, and pandemics are undermining the stability of global value chains and forcing their reorganization geographically.