Discussion paper

DP14191 Conceptual Aspects of Global Value Chains

I offer an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). I outline a series of alternative interpretations and definitions of what the rise of GVCs entails, and I trace the implications of these alternative conceptualizations for the measurement of the phenomenon, as well as for elucidating the key determinants and implications of GVC participation, both at the country level and at the firm level. In the process, I offer some speculative thoughts about the future of GVCs in light of the advent of an array of new technologies.


Antràs, P (2019), ‘DP14191 Conceptual Aspects of Global Value Chains‘, CEPR Discussion Paper No. 14191. CEPR Press, Paris & London. https://cepr.org/publications/dp14191