Why do countries experience diverging job growth trajectories in global value chains?
Job growth in GVCs typically stems from simultaneous productivity growth and the expansion of GVC production activities.
Job growth in GVCs typically stems from simultaneous productivity growth and the expansion of GVC production activities.
Advanced digital production technologies are changing manufacturing and carry implications for the future of industrial development.
Digitalization holds promise for less industrialized economies but also underlines the need for increasing efforts in developing human capital.
The recovery of supply chains can be supported through trade policies and firm-specific initiatives.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.
COVID-19 struck at the core of GVC hub regions, with severe implications for international production networks.