The report provides an overview of the importance of the GVC phenomenon, drawing on the latest research and statistics to reveal the changing nature of international trade. It analyzes the factors that determine how deeply a country participates in GVCs and how countries can maximize the benefits that GVCs bring.

The report is co-published by the World Bank, the WTO, the Institute of Developing Economies (IDE-JETRO), the Organisation for Economic Co-operation and Development (OECD) and the Research Center of Global Value Chains at the University of International Business and Economics.

Published in 2017.

• Order printed copy

Download pdf

• Full report
• Foreword, Contributors and Executive Summary
• Chapter 1: Analytical frameworks for global value chains: An overview
• Chapter 2: Recent trends in global trade and global value chains
• Chapter 3: From domestic to regional to global: Factory Africa and Factory Latin America?
• Chapter 4: Accumulated trade costs and their impact on domestic and international value chains
• Chapter 5: The middle-income trap and upgrading along global value chains
• Chapter 6: Services trade and global value chains
• Chapter 7: Institutional quality and participation in global value chains
• Chapter 8: Preferential trade agreements and global value chains: Theory, evidence, and open questions