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The book is about the economic practices of traders and businesspeople from the Caucasus and China who work in local bazaars in Tbilisi and Beijing. It describes their activities, their motivations, their socio-cultural backgrounds, their work environments, and their interactions with one another. Contributing to a broader debate on the nature and role of informal economic practices in the post-Soviet periphery and processes of “globalization from below”, the book aims at providing a thick description of the embeddedness of bazaar traders’ economic behaviors and strategies in local and global political, economic, and cultural contexts, markets and supply chains.
Book Synopsis Traders, Informal Trade and Markets between the Caucasus and China by : Susanne Fehlings
Download or read book Traders, Informal Trade and Markets between the Caucasus and China written by Susanne Fehlings and published by Springer Nature. This book was released on 2022-12-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is about the economic practices of traders and businesspeople from the Caucasus and China who work in local bazaars in Tbilisi and Beijing. It describes their activities, their motivations, their socio-cultural backgrounds, their work environments, and their interactions with one another. Contributing to a broader debate on the nature and role of informal economic practices in the post-Soviet periphery and processes of “globalization from below”, the book aims at providing a thick description of the embeddedness of bazaar traders’ economic behaviors and strategies in local and global political, economic, and cultural contexts, markets and supply chains.
This edited book introduces new research on informal markets and trade in Central Asia and the Caucasus. The research presented in this volume is based on recent field research in Armenia, Georgia, Kazakhstan and Kyrgyzstan, as well as Beijing, Guangzhou, Yiwu and the Xinjiang Uyghur Autonomous Region in China. The nine chapters in this book illustrate how informal markets and trade in Central Asia and the Caucasus have provided space for millions of people across the region to negotiate changes in state and society in the three decades since the breakup of the Soviet Union and the emergence of successor states. Collectively, the book suggests that informality should be seen as a normative order for polities in Central Asia and the Caucasus for three reasons: (1) The inability – or unwillingness – of the states to measure commercial transactions. (2) The highly personalized nature of small business operations that rest on networking and social relations, oral agreements and trust. (3) Markets and bazaars being embedded within states in which clientelism frequently thrives. This book is a significant new contribution to the study of trade and informal markets in Central Asia and the Caucasus, and will be a great resource for academics, researchers and advanced students of Sociology, History, Politics, Business, Economics, Social Anthropology and Geography. The chapters in this book were originally published as a special issue of the journal, Central Asian Survey.
Book Synopsis Informal Markets and Trade in Central Asia and the Caucasus by : Susanne Fehlings
Download or read book Informal Markets and Trade in Central Asia and the Caucasus written by Susanne Fehlings and published by Routledge. This book was released on 2022-04-11 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited book introduces new research on informal markets and trade in Central Asia and the Caucasus. The research presented in this volume is based on recent field research in Armenia, Georgia, Kazakhstan and Kyrgyzstan, as well as Beijing, Guangzhou, Yiwu and the Xinjiang Uyghur Autonomous Region in China. The nine chapters in this book illustrate how informal markets and trade in Central Asia and the Caucasus have provided space for millions of people across the region to negotiate changes in state and society in the three decades since the breakup of the Soviet Union and the emergence of successor states. Collectively, the book suggests that informality should be seen as a normative order for polities in Central Asia and the Caucasus for three reasons: (1) The inability – or unwillingness – of the states to measure commercial transactions. (2) The highly personalized nature of small business operations that rest on networking and social relations, oral agreements and trust. (3) Markets and bazaars being embedded within states in which clientelism frequently thrives. This book is a significant new contribution to the study of trade and informal markets in Central Asia and the Caucasus, and will be a great resource for academics, researchers and advanced students of Sociology, History, Politics, Business, Economics, Social Anthropology and Geography. The chapters in this book were originally published as a special issue of the journal, Central Asian Survey.
This book addresses how to mitigate regional tensions and enhance cooperative opportunities through well-designed regional institutions and organizations among countries in geographical proximity. We use the case of Central Asia (i.e., Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan) to employ our conceptual framework of ‘externally guided regionalism.’ The following questions guide the study: How and by what forces has Central Asian regionalism evolved, and what are the main characteristics and political implications of the continuously evolving regional institutions? We discuss not only the extra-regional influential actors (i.e., Russia, the United States, the European Union, and China), but also intra-regional initiatives, strategies, and struggles in securing stability and sovereignty. Extra-regional actors’ growing competition over molding their own kind of multilateralism involving this region has contributed to the current direction of Central Asia’s regionalization. Concurrently, Central Asia’s political conditions and constraints interactively contribute to ever-increasing institutional sprawl.
Book Synopsis Politics of Regionalism in Central Asia by : JeongWon BOURDAIS PARK
Download or read book Politics of Regionalism in Central Asia written by JeongWon BOURDAIS PARK and published by Springer Nature. This book was released on 2023-08-11 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses how to mitigate regional tensions and enhance cooperative opportunities through well-designed regional institutions and organizations among countries in geographical proximity. We use the case of Central Asia (i.e., Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan) to employ our conceptual framework of ‘externally guided regionalism.’ The following questions guide the study: How and by what forces has Central Asian regionalism evolved, and what are the main characteristics and political implications of the continuously evolving regional institutions? We discuss not only the extra-regional influential actors (i.e., Russia, the United States, the European Union, and China), but also intra-regional initiatives, strategies, and struggles in securing stability and sovereignty. Extra-regional actors’ growing competition over molding their own kind of multilateralism involving this region has contributed to the current direction of Central Asia’s regionalization. Concurrently, Central Asia’s political conditions and constraints interactively contribute to ever-increasing institutional sprawl.
Translocality, Entrepreneurship and Middle Class Across Eurasia is a comprehensive, multi-sited ethnography about the unfolding of capitalism across Eurasia and the advent of a new middle class since the late Soviet era. Based on extensive fieldwork, the book follows three generations of ethnic Kyrgyz in three distinct eras and sites: The early bazaar traders of Novosibirsk (Russia), the post-2000 middlemen operating in Guangzhou (China) and the ‘new entrepreneurs’ who have emerged at home in Kyrgyzstan around 2015. The book advocates translocality as an innovative concept to better understand the dialectic of mobility and emplacement in contemporary livelihoods and value chains that transgress not only political borders, but also less tangible socio-cultural boundaries. Through this lens, the chapters forcefully demonstrate how ways of business-making align or conflict with notions of ethnic belonging, diaspora, sociability or gender, in and in-between various locations. Proposing the imaginary of commercial journeys, the book documents the aspirations, adjustments and struggles of an emergent middle class, whose neoliberal subjectivity is inspired by a flexible entrepreneurial spirit of ‘Kyrgyzness’, and who navigate in a market environment that recently has been shifting towards more actor diversification, service orientation and rule-based formalization. This book will be of interest particularly to scholars in the fields of (economic) anthropology, post-socialist studies, migration, mobility and area studies with a focus on Central Asia and Eurasia.
Book Synopsis Translocality, Entrepreneurship and Middle Class Across Eurasia by : Philipp Schröder
Download or read book Translocality, Entrepreneurship and Middle Class Across Eurasia written by Philipp Schröder and published by Taylor & Francis. This book was released on 2024-04-24 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Translocality, Entrepreneurship and Middle Class Across Eurasia is a comprehensive, multi-sited ethnography about the unfolding of capitalism across Eurasia and the advent of a new middle class since the late Soviet era. Based on extensive fieldwork, the book follows three generations of ethnic Kyrgyz in three distinct eras and sites: The early bazaar traders of Novosibirsk (Russia), the post-2000 middlemen operating in Guangzhou (China) and the ‘new entrepreneurs’ who have emerged at home in Kyrgyzstan around 2015. The book advocates translocality as an innovative concept to better understand the dialectic of mobility and emplacement in contemporary livelihoods and value chains that transgress not only political borders, but also less tangible socio-cultural boundaries. Through this lens, the chapters forcefully demonstrate how ways of business-making align or conflict with notions of ethnic belonging, diaspora, sociability or gender, in and in-between various locations. Proposing the imaginary of commercial journeys, the book documents the aspirations, adjustments and struggles of an emergent middle class, whose neoliberal subjectivity is inspired by a flexible entrepreneurial spirit of ‘Kyrgyzness’, and who navigate in a market environment that recently has been shifting towards more actor diversification, service orientation and rule-based formalization. This book will be of interest particularly to scholars in the fields of (economic) anthropology, post-socialist studies, migration, mobility and area studies with a focus on Central Asia and Eurasia.
This landmark book provides a comprehensive anthropological introduction to contemporary Central Asia. Established and emerging scholars of the region critically interrogate the idea of a ‘Central Asian World’ at the intersection of post-Soviet, Persianate, East and South Asian worlds. Encompassing chapters on life between Afghanistan and Kazakhstan, Turkmenistan and Xinjiang, this volume situates the social, political, economic, ecological and ritual diversity of Central Asia in historical context. The book ethnographically explores key areas such as the growth of Islamic finance, the remaking of urban and sacred spaces, as well as decolonizing and queering approaches to Central Asia. The volume’s discussion of More-than-Human Worlds, Everyday Economies, Material Culture, Migration and Statehood engages core analytical concerns such as globalization, inequality and postcolonialism. Far more than a survey of a ‘world region’, the volume illuminates how people in Central Asia make a life at the intersection of diverse cross-cutting currents and flows of knowledge. In so doing, it stakes out the contribution of an anthropology of and from Central Asia to broader debates within contemporary anthropology. This is an essential reference for anthropologists as well as for scholars from other disciplines with a focus on Central Asia
Book Synopsis The Central Asian World by : Jeanne Féaux de la Croix
Download or read book The Central Asian World written by Jeanne Féaux de la Croix and published by Taylor & Francis. This book was released on 2023-10-20 with total page 815 pages. Available in PDF, EPUB and Kindle. Book excerpt: This landmark book provides a comprehensive anthropological introduction to contemporary Central Asia. Established and emerging scholars of the region critically interrogate the idea of a ‘Central Asian World’ at the intersection of post-Soviet, Persianate, East and South Asian worlds. Encompassing chapters on life between Afghanistan and Kazakhstan, Turkmenistan and Xinjiang, this volume situates the social, political, economic, ecological and ritual diversity of Central Asia in historical context. The book ethnographically explores key areas such as the growth of Islamic finance, the remaking of urban and sacred spaces, as well as decolonizing and queering approaches to Central Asia. The volume’s discussion of More-than-Human Worlds, Everyday Economies, Material Culture, Migration and Statehood engages core analytical concerns such as globalization, inequality and postcolonialism. Far more than a survey of a ‘world region’, the volume illuminates how people in Central Asia make a life at the intersection of diverse cross-cutting currents and flows of knowledge. In so doing, it stakes out the contribution of an anthropology of and from Central Asia to broader debates within contemporary anthropology. This is an essential reference for anthropologists as well as for scholars from other disciplines with a focus on Central Asia
This collection brings together a variety of anthropological, historical and sociological case studies from Central Asia and the Caucasus to examine the concept of translocality. The chapters scrutinize the capacity of translocality to describe, in new ways, the multiple mobilities, exchange practices and globalizing processes that link places, people and institutions in Central Asia and the Caucasus with others in Russia, China and the United Arab Emirates. Illuminating translocality as a productive concept for studying cross‐regional connectivities and networks, this volume is an important contribution to a lively field of academic discourse. Following new directions in Area Studies, the chapters aim to overcome ‘territorial containers’ such as the nation‐state or local community, and instead emphasize the significance of processes of translation and negotiation for understanding how meaningful localities emerge beyond conventional boundaries. Structured by the four themes ‘crossing boundaries’, ‘travelling ideas’, ‘social and economic movements’ and ‘pious endeavours’, this volume proposes three conceptual approaches to translocality: firstly, to trace how it is embodied, narrated, virtualized or institutionalized within or in reference to physical or imagined localities; secondly, to understand locality as a relational concept rather than a geographically bounded unit; and thirdly, to consider cross‐border traders, travelling students, business people and refugees as examples of non-elite mobilities that provide alternative ways to think about what ‘global’ means today. Mobilities, Boundaries, and Travelling Ideas will be of interest to students and scholars of the anthropology, history and sociology of Central Asia and the Caucasus, as well as for those interested in new approaches to Area Studies.
Book Synopsis Mobilities, Boundaries, and Travelling Ideas by : Manja Stephan-Emmrich
Download or read book Mobilities, Boundaries, and Travelling Ideas written by Manja Stephan-Emmrich and published by Open Book Publishers. This book was released on 2018-04-17 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection brings together a variety of anthropological, historical and sociological case studies from Central Asia and the Caucasus to examine the concept of translocality. The chapters scrutinize the capacity of translocality to describe, in new ways, the multiple mobilities, exchange practices and globalizing processes that link places, people and institutions in Central Asia and the Caucasus with others in Russia, China and the United Arab Emirates. Illuminating translocality as a productive concept for studying cross‐regional connectivities and networks, this volume is an important contribution to a lively field of academic discourse. Following new directions in Area Studies, the chapters aim to overcome ‘territorial containers’ such as the nation‐state or local community, and instead emphasize the significance of processes of translation and negotiation for understanding how meaningful localities emerge beyond conventional boundaries. Structured by the four themes ‘crossing boundaries’, ‘travelling ideas’, ‘social and economic movements’ and ‘pious endeavours’, this volume proposes three conceptual approaches to translocality: firstly, to trace how it is embodied, narrated, virtualized or institutionalized within or in reference to physical or imagined localities; secondly, to understand locality as a relational concept rather than a geographically bounded unit; and thirdly, to consider cross‐border traders, travelling students, business people and refugees as examples of non-elite mobilities that provide alternative ways to think about what ‘global’ means today. Mobilities, Boundaries, and Travelling Ideas will be of interest to students and scholars of the anthropology, history and sociology of Central Asia and the Caucasus, as well as for those interested in new approaches to Area Studies.
How does China’s new growth model affect sub-Saharan Africa? To address this question, this paper first looks at the growing ties between China and Africa; attempts to estimate more precisely the impact on growth through the trade channel; and finally draws some policy implications regarding whether this means an end of the Africa Rising narrative or merely the beginning of a new chapter.
Book Synopsis A Rebalancing Act for China and Africa by : Mr.Roger Nord
Download or read book A Rebalancing Act for China and Africa written by Mr.Roger Nord and published by International Monetary Fund. This book was released on 2017-04-07 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does China’s new growth model affect sub-Saharan Africa? To address this question, this paper first looks at the growing ties between China and Africa; attempts to estimate more precisely the impact on growth through the trade channel; and finally draws some policy implications regarding whether this means an end of the Africa Rising narrative or merely the beginning of a new chapter.
The Modern Silk Route is critical to the development and integration of Central Asian countries. The book argues that to overcome current supply chain inefficiencies the traditional focus on physical corridors needs to be complemented by a consistent and ambitious set of national reforms in trade and transport facilitation.
Book Synopsis The Eurasian Connection by : Cordula Rastogi
Download or read book The Eurasian Connection written by Cordula Rastogi and published by World Bank Publications. This book was released on 2014-06-23 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Modern Silk Route is critical to the development and integration of Central Asian countries. The book argues that to overcome current supply chain inefficiencies the traditional focus on physical corridors needs to be complemented by a consistent and ambitious set of national reforms in trade and transport facilitation.
Alena Ledeneva invites you on a voyage of discovery to explore society’s open secrets, unwritten rules and know-how practices. Broadly defined as ‘ways of getting things done’, these invisible yet powerful informal practices tend to escape articulation in official discourse. They include emotion-driven exchanges of gifts or favours and tributes for services, interest-driven know-how (from informal welfare to informal employment and entrepreneurship), identity-driven practices of solidarity, and power-driven forms of co-optation and control. The paradox, or not, of the invisibility of these informal practices is their ubiquity. Expertly practised by insiders but often hidden from outsiders, informal practices are, as this book shows, deeply rooted all over the world, yet underestimated in policy. Entries from the five continents presented in this volume are samples of the truly global and ever-growing collection, made possible by a remarkable collaboration of over 200 scholars across disciplines and area studies. By mapping the grey zones, blurred boundaries, types of ambivalence and contexts of complexity, this book creates the first Global Map of Informality. The accompanying database (www.in-formality.com) is searchable by region, keyword or type of practice, so do explore what works, how, where and why! Praise for Global Encyclopaedia of Informality ‘The Global Informality Project unveils new ways of understanding how the state functions and ways in which civil servants and citizens adapt themselves to different local contexts by highlighting the diversity of the relationships between state and society. The project is of great interest to policymakers who want to imagine solutions that are benefi cial for all, but sufficiently pragmatic to ensure a seamless implementation, particularly in the field of cross-border trade in developing countries.’ - Kunio Mikuriya, Secretary General of the World Customs Organisation, Brussels ‘An extremely interesting and stimulating collection of papers. Ledeneva’s challenging ideas, first applied in the context of Russia’s economy of shortage, came to full blossom and are here contextualized by practices from other countries and contemporary systems. Many original and relevant practices were recognized empirically in socialist countries, but this book shows their generality.’ - János Kornai, Allie S. Freed Professor of Economics Emeritus at Harvard and Professor Emeritus at Corvinus University of Budapest ‘Alena Ledeneva’s Global Encyclopedia of Informality is a unique contribution, providing a global atlas of informal practices through the contributions of over 200 scholars across the world. It is far more rewarding for the reader to discover how commonalities of informal behavior become apparent through this rich texture like a complex and hidden pattern behind local colors than to presume top down universal benchmarks of good versus bad behavior. This book is a plea against reductionist approaches of mathematics in social science in general, and corruption studies in particular and makes a great read, as well as an indispensable guide to understand the cultural richness of the world.’ - Alina Mungiu-Pippidi, Professor of Democracy Studies, Hertie School of Governance, Berlin ‘Transformative scholarship in method, object, and consequence. Ledeneva and her networked expertise not only enable us to view the informal comparatively, but challenge conventionally legible accounts of membership, markets, domination and resistance with these rich accounts from five continents. This project offers nothing less than a social scientific revolution… if the broader scholarly community has the imagination to follow through. And by globalizing these informal knowledges typically hidden from view, the volumes’ contributors will extend the imaginations of those business consultants, movement mobilizers, and peace makers who can appreciate the value of translation from other world regions in their own work.’ Michael D. Kennedy, Professor of Sociology and International and Public Aff irs, Brown University and author of Globalizing Knowledge ‘Don’t mistake these weighty volumes for anything directory-like or anonymous. This wonderful collection of short essays, penned by many of the single best experts in their fields, puts the reader squarely in the kinds of conversations culled only after years of friendship, trust, and with the keen eye of the practiced observer. Perhaps most importantly, the remarkably wide range of offerings lets us “de-parochialise” corruption, and detach it from the usual hyper-local and cultural explanations. The reader, in the end, is the one invited to consider the many and striking commonalities.’ Bruce Grant, Professor at New York University and Chair of the US National Council for East European and Eurasian Research
Book Synopsis The Global Encyclopaedia of Informality, Volume 2 by : Alena Ledeneva
Download or read book The Global Encyclopaedia of Informality, Volume 2 written by Alena Ledeneva and published by UCL Press. This book was released on 2018-01-17 with total page 571 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alena Ledeneva invites you on a voyage of discovery to explore society’s open secrets, unwritten rules and know-how practices. Broadly defined as ‘ways of getting things done’, these invisible yet powerful informal practices tend to escape articulation in official discourse. They include emotion-driven exchanges of gifts or favours and tributes for services, interest-driven know-how (from informal welfare to informal employment and entrepreneurship), identity-driven practices of solidarity, and power-driven forms of co-optation and control. The paradox, or not, of the invisibility of these informal practices is their ubiquity. Expertly practised by insiders but often hidden from outsiders, informal practices are, as this book shows, deeply rooted all over the world, yet underestimated in policy. Entries from the five continents presented in this volume are samples of the truly global and ever-growing collection, made possible by a remarkable collaboration of over 200 scholars across disciplines and area studies. By mapping the grey zones, blurred boundaries, types of ambivalence and contexts of complexity, this book creates the first Global Map of Informality. The accompanying database (www.in-formality.com) is searchable by region, keyword or type of practice, so do explore what works, how, where and why! Praise for Global Encyclopaedia of Informality ‘The Global Informality Project unveils new ways of understanding how the state functions and ways in which civil servants and citizens adapt themselves to different local contexts by highlighting the diversity of the relationships between state and society. The project is of great interest to policymakers who want to imagine solutions that are benefi cial for all, but sufficiently pragmatic to ensure a seamless implementation, particularly in the field of cross-border trade in developing countries.’ - Kunio Mikuriya, Secretary General of the World Customs Organisation, Brussels ‘An extremely interesting and stimulating collection of papers. Ledeneva’s challenging ideas, first applied in the context of Russia’s economy of shortage, came to full blossom and are here contextualized by practices from other countries and contemporary systems. Many original and relevant practices were recognized empirically in socialist countries, but this book shows their generality.’ - János Kornai, Allie S. Freed Professor of Economics Emeritus at Harvard and Professor Emeritus at Corvinus University of Budapest ‘Alena Ledeneva’s Global Encyclopedia of Informality is a unique contribution, providing a global atlas of informal practices through the contributions of over 200 scholars across the world. It is far more rewarding for the reader to discover how commonalities of informal behavior become apparent through this rich texture like a complex and hidden pattern behind local colors than to presume top down universal benchmarks of good versus bad behavior. This book is a plea against reductionist approaches of mathematics in social science in general, and corruption studies in particular and makes a great read, as well as an indispensable guide to understand the cultural richness of the world.’ - Alina Mungiu-Pippidi, Professor of Democracy Studies, Hertie School of Governance, Berlin ‘Transformative scholarship in method, object, and consequence. Ledeneva and her networked expertise not only enable us to view the informal comparatively, but challenge conventionally legible accounts of membership, markets, domination and resistance with these rich accounts from five continents. This project offers nothing less than a social scientific revolution… if the broader scholarly community has the imagination to follow through. And by globalizing these informal knowledges typically hidden from view, the volumes’ contributors will extend the imaginations of those business consultants, movement mobilizers, and peace makers who can appreciate the value of translation from other world regions in their own work.’ Michael D. Kennedy, Professor of Sociology and International and Public Aff irs, Brown University and author of Globalizing Knowledge ‘Don’t mistake these weighty volumes for anything directory-like or anonymous. This wonderful collection of short essays, penned by many of the single best experts in their fields, puts the reader squarely in the kinds of conversations culled only after years of friendship, trust, and with the keen eye of the practiced observer. Perhaps most importantly, the remarkably wide range of offerings lets us “de-parochialise” corruption, and detach it from the usual hyper-local and cultural explanations. The reader, in the end, is the one invited to consider the many and striking commonalities.’ Bruce Grant, Professor at New York University and Chair of the US National Council for East European and Eurasian Research
Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.
Book Synopsis World Development Report 2020 by : World Bank
Download or read book World Development Report 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-19 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.
