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--- library:the_future_of_global_value_chains [2023/06/03 21:07] – created - external edit 127.0.0.1
+++ library:the_future_of_global_value_chains [2024/04/17 16:44] (current) – elizabethherfel
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 ======The future of global value chains======
+The research examines the future of global value chains (GVCs), exploring whether they will continue to expand or face a new normal of stagnation or decline.
-Policy paper commissioned by OECD  \\
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 =====Methods=====
+The research employs the OECD's METRO model, a static computable general equilibrium model that differentiates commodities by use, to simulate the impact of various factors on GVCs up to 2030.
   * Scenarios are developed
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 =====Key Insights=====
+The report investigates the growth of GVCs as drivers of globalization, considering factors that could either promote their expansion or signal a shift towards a new normal with reduced GVC activity. It assesses the potential impacts of these factors on global production and trade by 2030 through various scenarios.
 Drivers mentioned include: