What are Global Value Chains?

A global value chain involves all the activities that organizations engage in, at home or abroad, to bring a product to the market, from conception to final use.

 

GVCs draw on some basic characteristics of today's global economy:

  • The growing interconnectedness of economies
  • Specialization of companies and countries in specific tasks and business functions.
  • Networks of global buyers and suppliers.
  • New drivers of economic performance.