By examining the economic interests of urban merchants and peasant traders, the commodities they exchanged, and the markets and transportation networks they used to engage in trade, the book explores how commerce helped to erode the localism of medieval society and to create enduring institutions and motivations for a more expansive social and economic life.

As Vietnam pursues a path of sustainable growth, inland waterway transport and coastal shipping offer viable alternatives to the traditional road sector, particularly when environmental costs are taken into consideration. This report profiles Vietnam’s waterborne transport sector and proposes interventions to improve its performance.

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.