Global Value Chains
Global Value Chains (GVCs) have become a dominant feature of world trade. As global productions are increasingly being organized around these networks, the implications of increasing connectivity, and its relation to development objectives have become a policy imperative for modern economies. It is therefore important to capture and measure GVCs for informing policy decisions that attempt to leverage these networks for economic growth and development.
Due to the increasing importance of GVC research, the ADB Multiregional Input Output (MRIO) team has delved into methods and frameworks to document, quantify, and characterize GVCs.