Trading for Development in the Age of Global Value Chains - World Development Report 2020

This Report argues that reinvigorating the international trade system will require governments in certain advanced countries to first look inward to address the discontent and inequality associated with openness. More generally, advanced economies need to rethink the priorities of the welfare state to better help workers adjust to structural change. The expansion of trade and GVCs is at an inflection point. There is still time to reinvigorate growth, trade, and GVCs. Trade is vital for development, but it needs rules to function smoothly. And those rules require cooperation by governments. This Report offers governments a road map for action.