Significant contribution to World Economic Forum policy series on Global Value Chains made by ASR President
Global Value Chains (GVCs) have become a key feature of the trade and investment landscape, with over half of world goods imports consisting of intermediates. They have been found to enhance productivity and economic growth and enable many developing countries to integrate into the global trade system and diversify their exports.
However, GVCs raise important development, inclusion and sustainability concerns. Many countries are left out of these networks. The distribution of gains within countries that are part of GVCs is highly uneven. The social and environmental impacts of supply chain operations need to be better measured and improved.
Australian Services Roundtable President Jane Drake-Brockman has authored a policy paper on Services in the context of GVCs, as part of the World Economic Forum’s Shaping the Future of International Trade and Investment System Initiative.