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To understand Global Value Chains, consider the bicycle. Bicycles are not solely produced in one place, rather they are created across countries—a collection of regions delivering components and services bringing the bicycle to the end consumer. Each contributor, located and spread throughout the world, adds value to this end product. This end-to-end process is the Global Value Chain. Read how Global Value Chains can foster economic development and jobs: [link to RFTW article] #LSEResearchForThe
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124 reactions | Global value chains (GVCs) have driven regional growth in the past decades, and are an integral part of ASEAN+3 economies. What does the future hold for GVCs post-pandemic? Join the conversation at AMRO’s upcoming webinar. Register today: https://amro-asia.livewebinar.tv/webinar-program/ #AREO2021 #globalvaluechains #economicoutlook #ASEAN #China #Japan #Korea #newnormal | Asean+3 Macroeconomic Research Office | Facebook
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