Global value chains (GVCs) have driven dramatic expansions in trade, productivity, and economic growth in developing countries. This book examines the impact of the COVID-19 pandemic on GVCs and explores whether they can continue to be a driver of trade and development. The report reviews previous crises and what these tell us about the resilience of GVC firms to shocks. It examines the observed impact of COVID-19 on trade during the sharp global recession of 2020. It summarizes discussions with GVC firms on the impacts of, and their responses to, the COVID shock. GVCs showed surprising resilience, but the rapid recovery raised new issues with supply chains. The book then explores simulations from a global economic model of the potential longer-term impacts of COVID-19 on developing countries and other key factors shaping the global economy, including the evolving role of China, increasing trade restrictions and policy responses to global warming. The analysis shows that while there are risks associated with GVCs, especially those concentrated around key nodes and where opportunities to find alternative suppliers or buyers are limited, there are mechanisms by which GVCs maintain trade relationships during a crisis, paving the way for a strong trade-led recovery. Measures are identified that can enhance the resilience of GVCs in low-income countries. This report finds that policies that maintain and enhance trade can contribute toward crisis management and recovery. Attempts to reshore production would make all countries worse off, including those that implement them, and could drive 52 million people, mainly in Africa, into extreme poverty. Measures to meet climate change commitments will have more profound impacts, leading to a shift away from carbon-intensive GVCs, while new opportunities for trade will arise in GVCs that are less carbon intensive.

In Juggernaut, Uri Dadush and William Shaw explore the major trends associated with the rise of developing countries, including increased manufacturing, expansion in world trade, and, ultimately, improved living and working conditions, as well as the broad challenges those trends pose.

'Before the current global era it is impossible to imagine that comparable events [like September 11] could have occurred, reflecting as they do our new-found interdependence. The rise of global terrorism, like world-wide networks involving in money-laundering, drug-running and other forums of organised crime, are all parts of the dark side of globalisation.' From the new Preface This book is based on the highly influential BBC Reith lecture series on globalisation delivered in 1999 by Anthony Giddens. Now updated with a new chapter addressing the post-September 11th global landscape, this book remains the intellectual benchmark on how globalisation is reshaping our lives. The changes are explored in five main chapters: * Globalisation * Risk * Tradition * Family * Democracy.

China's growing economic involvement in Sub-Saharan Africa and Latin America has been a source of major controversy. The official Chinese position maintains that the growth of bilateral relations is of mutual benefit and provides a good example of South-South cooperation. Critics on the other hand see the economic relations between China and other developing countries as highly unequal with most of the benefits accruing to China and a few local elites. They also point to negative socio-economic, political, and environmental consequences. How China is Reshaping the Global Economy: Development Impacts in Africa and Latin-America throws more light on these controversies through a comparative study of China's impact on the two regions. It looks not just at bilateral relations between China and the two regions but also analyses the changes in the global economy brought about as a result of the shift in economic activity from North America and Western Europe to Asia. This book looks at the factors which led to rapid economic growth in China and the way in which this has affected global manufacturing, commodity markets, the international presence of Chinese companies, and financial glows. It examines the different forms of Chinese economic involvement in Sub-Saharan Africa and Latin America, the main drivers, and economic, social, political, and environmental consequences. It ends with a comparison of the two regions that highlights the importance of different histories and political and institutional contexts in determining the impacts of China. Since the first edition of How China is Reshaping the Global Economy: Development Impacts in Africa and Latin-America, China's role in the global economy has continued to expand and the Chinese government's foreign policy has become more assertive. The global presence of China has been marked by the expansion of the Belt and Road Initiative to almost 150 countries and the trade-war between the US and China, as well as increased Western concerns over the activities of major Chinese companies such as Huawei. This new edition documents these changes and their implications for SSA and LAC.

If the importance of globalization were judged by the volume of discussion it has generated, it would surely be a concept of fundamental importance in the contemporary world. And yet, as a concept, globalization is often indigestible, meaning different things to different people, and remaining obscure in its connotations. A virtue of this volume of essays is that the phenomena of globalization are made more approachable by being divided into five discrete themes, each of which forms part of the overall concept and each of which has important implications for policy decisions at the international, regional, and national levels. By differentiating the concept in this way -- into the production of global knowledge, the provision of global public goods, the global trade system, global foreign aid, and global governance -- the analysis is sharpened in an illuminating and stimulating manner. At the same time, the editors, Drs Violetta Zentai and Andrea Krizsan, provide a masterly introductory essay that shows how the various parts make up the whole. The fact that the book is a product of an international conference held at the Central European University shortly after September 11 in 2001, adds a layer to its significance. The Center for Policy Studies at the Central European University and its collaborators deserve praise for such a thorough and timely analysis of these various strands of globalization. Book jacket.

Civil Society has become a major power in the world. The stunning defeat of the controversial and secretive Multilateral Agreement on Investments, the massive worldwide WTO protests and the yearly meetings of the World Social Forum are testimony to its coming of age. From these significant victories, civil society continued to catch world attention with the Arab Spring, the grassroots movement that helped elect former US President Barack Obama and the significant gains of the anti-fracking campaign. With tens of millions of citizens and over a trillion dollars involved in advancing its agenda, civil society now joins the state and the market as the third key institution shaping globalization. However, it cannot fully mobilize its resources and power as it currently lacks clear understanding of its identity. Shaping Globalization argues that global civil society is a cultural institution wielding cultural power, and shows how – through the use of this distinct power – it can advance its agenda in the political and economic realms of society without compromising its identity. Nicanor Perlas outlines the strategic implications for civil society, both locally and globally, and explains that civil society’s key task is to inaugurate ‘threefolding’: the forging of strategic partnerships between civil society, government and business. Such authentic tri-sector partnerships are essential for advancing new ways for nations to develop, and for charting a different, sustainable type of globalization. Using the model of the Philippine Agenda 21, we are shown how civil society and progressive individuals and agencies in government and business are demonstrating the effectiveness of this new understanding to ensure that globalization benefits the environment, the poor and society as a whole. This reprinted edition includes a new Afterword.

This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.