The power of regions and southern investment

Global value chains (GVCs) are often considered an indication of the natural evolution of the global trading system and as a promising basis for further trade and investment liberalization (Organization for Economic Cooperation and Development, 2013; UNCTAD, 2013a; World Trade Organization et al., 2013). From a development perspective, GVCs would seem to present an attainable first step towards integrating into global trade and to industrialization. Rather than having to develop an entire product or break into an extremely competitive market on their own, countries can specialize in specific tasks or components of a multitude of value chains, starting at the relatively accessible bottom.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Reduced Inequalities