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