Julian B� Alvarez, Kristina Baris, Maverick C. Crisostomo, J. Vera, Yuning Gao, Krizia Anne V. Garay, P. Gonzales, Christian J� Jabagat, Angeli S� Juani, Angelo B� Lumba, M. Mariasingham, Bo Meng, L. Rahnema, Kenneth S� Reyes
{"title":"Recent Trends in Global Value Chains","authors":"Julian B� Alvarez, Kristina Baris, Maverick C. Crisostomo, J. Vera, Yuning Gao, Krizia Anne V. Garay, P. Gonzales, Christian J� Jabagat, Angeli S� Juani, Angelo B� Lumba, M. Mariasingham, Bo Meng, L. Rahnema, Kenneth S� Reyes","doi":"10.30875/2e77cae7-en","DOIUrl":null,"url":null,"abstract":"The last few years have been challenging for globalization� While the world has benefited from the fragmented networks of production-sharing known as global value chains (GVCs), concerns are being raised over their risks� Chapter 1 of the Global Value Chain Development Report 2019 pointed to a rise in protectionism in general and a brewing trade conflict between the United States (US) and the People’s Republic of China (PRC) in particular� More obstacles have since emerged from the sudden and simultaneous closure of borders due to the COVID-19 pandemic that exposed vulnerabilities in some supply chains, rattling policymakers (Chapter 5)� Despite these challenges, GVCs—for supporters and detractors alike—remain a reality that cannot be ignored� Indeed, the very vaccines crucial to ending the COVID-19 pandemic rely on multinational partnerships for the over 200 components that go into them (Irwin 2021)�","PeriodicalId":330526,"journal":{"name":"Global Value Chain Development Report","volume":"32 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2021-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Global Value Chain Development Report","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.30875/2e77cae7-en","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
The last few years have been challenging for globalization� While the world has benefited from the fragmented networks of production-sharing known as global value chains (GVCs), concerns are being raised over their risks� Chapter 1 of the Global Value Chain Development Report 2019 pointed to a rise in protectionism in general and a brewing trade conflict between the United States (US) and the People’s Republic of China (PRC) in particular� More obstacles have since emerged from the sudden and simultaneous closure of borders due to the COVID-19 pandemic that exposed vulnerabilities in some supply chains, rattling policymakers (Chapter 5)� Despite these challenges, GVCs—for supporters and detractors alike—remain a reality that cannot be ignored� Indeed, the very vaccines crucial to ending the COVID-19 pandemic rely on multinational partnerships for the over 200 components that go into them (Irwin 2021)�
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