Publication: Global Value Chain Development Report 2017: Measuring and Analyzing the Impact of GVCs on Economic Development
Date
2017
ISSN
Published
2017
Author(s)
World Bank Group
IDE-JETRO
OECD
UIBE
World Trade Organization
Abstract
Global value chains (GVCs) break up the
production process so at different steps can be carried out
in different countries. Today’s official statistical
information systems, designed to measure economic activity
in a pre-GVC world, have struggled to keep pace with these
changes. Conventional measures of trade, important though
they remain, measure the gross value of transactions between
partners and so are not able to reveal how foreign
producers, upstream in the value chain, are connected to
final consumers at the end of the value chain. The
importance of the GVC phenomenon has stimulated researchers
to develop statistics and analysis based on the value added
in trade. The GVC phenomenon also demands that researchers
analyze the discrete tasks or phases in the production
process. This first GVC development report draws on the
expanding research that uses data on the value added in
trade. Its main objective is to reveal the changing nature
of international trade that can be seen only by analyzing it
in terms of value added and value chains. This report
highlights how shifting the analysis to value added
radically changes the picture.
Citation
“World Bank Group; IDE-JETRO; OECD; UIBE; World Trade Organization. 2017. Global Value Chain Development Report 2017 : Measuring and Analyzing the Impact of GVCs on Economic Development. © Washington, DC: World Bank. http://openknowledge.worldbank.org/handle/10986/29593 License: CC BY 3.0 IGO.”