Global Value Chains and Services

- An Introduction

Global value chains (GVCs) is one of the most important factors shaping international trade today. A global value chain includes the full range of activities that firms undertake to bring a product or service from its conception to its end-use by final consumers. These activities include design, production, marketing and support. A separate but closely related phenomenon is that of servicification, whereby manufacturing firms increasingly buy, produce, sell and export services as integrated or accompanying parts of their primary offer. 

Services are a critical but often overlooked part of the GVC phenomenon. They are playing an ongoing critical role in the transformation of international trade and investment patterns, both through enabling the development of value chains and through the creation of value chains in their own right. 

  • Title: Global Value Chains and Services- An Introduction
  • Published: 2013
  • Language: English
  • Format: PDF
  • Author: National Board of Trade
  • Pages: 13
  • ISBN: 978-91-86575-55-7
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