2022 Reports

How are global value chains altering policy narratives?

Pietrobelli, Carlo; Rabellotti, Roberta; Van Assche, Ari

Global value chains (GVCs) have taken the policy world by storm, with many policymakers viewing them as potent tools to boost economic development through industrial upgrading. In this Perspective, the authors argue that zooming in on the roles of tasks, linkages and firms helps clarify the novelty of GVC-oriented policies.