Global value chains The production revolution of the 21st century

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Technological advances, cheaper shipping and globalisation of trade have transformed how multinational companies make products and distribute them worldwide. Their supply chains can connect several countries, with different parts of goods and services sourced in different countries in a coherent interconnected network. These are called global value chains (GVC) and they create many opportunities for firms and people, but to take advantage of them, it is essential to better understand how they work, how they affect economic performance and what governments can do to ensure their economies benefit more from them. • For more information visit: https://www.oecd.org/governance/the-n... • See also https://www.oecd.org/en/topics/trade.... • #globalization #oecd #trade #productivity #economy • ABOUT THE OECD • The Organisation for Economic Co-operation and Development (OECD) is an international organisation established in 1960 that works collaboratively to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. Together with governments, policy makers, policy shapers, and citizens, we work on establishing evidence-based international standards and finding solutions to a range of social, economic and environmental challenges. From improving economic performance and creating jobs to fostering strong education and fighting international tax evasion, we provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting. • To learn more about the OECD, our global reach, and how to join us, go to https://www.oecd.org/about/ To keep up with latest at the OECD, visit https://www.oecd.org/

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