Recent trends in global value chains and beyond

A radical shift is underway in global value chains as they increasingly move beyond traditional manufacturing processes to services and other intangible assets, aided by digitization. The Global Value Chain Development Report 2021, the third in a biennial series by leading economic institutions, explores this shift. The report discusses recent trends in global value chains and updates our understanding of trade in intangible assets and intellectual property protection, productivity growth and innovation, and the role of digital platforms.

On September 28, the John L. Thornton China Center at Brookings presented the East Coast launch of this new report followed by two panel discussions featuring trade experts from around the world that explored how protectionism and geopolitical tensions, environmental risks, and COVID-19 can undermine the stability of global value chains and lead to their geographic reorganization.

Online viewers submitted questions via e-mail to [email protected] or on Twitter using the hashtag #ValueChain.

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