WBGx: Trading for Development in the Age of Global Value Chains - Word Development Report 2020

Global value chains (GVCs) now account for almost half of all international trade. In this age of global value chains, learn how GVCs can become more sustainable and inclusive. Explore the ways in which countries can work together to create deeper reforms and predictable policies that encourage shared and sustained GVC participation. Based on the World Bank Group 2020 World Development Report (WDR), participants will learn from Bank economists about trading for development. Especially at a time when the world economy and supply chains are challenged by the COVID-19 crisis, GVCs and their significance in international trade and economic growth across the world are more important than ever.

Trading for Development in the Age of Global Value Chains

Course Description

This engaging and comprehensive course offers a deep dive into the world of Global Value Chains (GVCs) and their impact on international trade, economic growth, and development. As a student, you'll explore the evolution of GVCs, their significant role in driving economic convergence, and the challenges they face in the modern global economy.

What students will learn

Understanding of GVCs and their role in international trade
Analysis of GVCs' impact on economic growth, jobs, and poverty reduction
Evaluation of the challenges facing GVCs, including technological change and trade conflicts
Exploration of strategies for sustainable and inclusive economic growth through GVCs
Insights into the effects of GVCs on the environment and technological advancements
Knowledge of domestic and international policies that facilitate GVC participation

Pre-requisites

This is an introductory-level course with no specific prerequisites. However, a basic understanding of economics and international trade concepts would be beneficial.

Course Content

Definition and mechanics of Global Value Chains
Historical development and expansion of GVCs
Factors driving country participation in GVCs
Economic impacts of GVCs on growth, jobs, and poverty reduction
Macroeconomic implications of GVC participation
Environmental effects of GVCs
Interaction between GVCs and technological advancements
Domestic policies for successful GVC participation
International cooperation in the context of GVCs
Challenges and future outlook for GVCs in the global economy

Who this course is for

This course is ideal for students, professionals, and policymakers interested in international trade, economic development, and global business strategies. It's particularly relevant for those looking to understand the complexities of modern global trade and its impact on various aspects of the economy and society.

Real-world Applications

Business professionals can use this understanding to develop strategies for international expansion and supply chain management.
Policymakers can craft more effective trade and development policies.
Economists and researchers can better analyze global economic trends and their impacts.
Development professionals can design more targeted interventions to promote inclusive growth.
Environmental specialists can address the ecological challenges associated with global trade.

Syllabus

Week 1: GVCs— What are they and what drives country participation?

Week 2: What are the effects of GVCs?

Week 3: How do GVCs interact with the environment and what are the implications of technology for GVCs?

Week 4: What domestic policies facilitate fruitful participation in GVCs?

Week 5: How can international cooperation help GVCs?